Here are the best articles from around the web this week talking about student loans…
For the week ending Friday March 08, 2013
Student Loan News:
Student News, March 6:
Christina N. Moschetti, of Montville, was named to the dean’s list for the fall semester at Hofstra University.
Chelsea Marone, of Boonton Twp., and Timothy Shaw, of Mountain Lakes, were named to the fall semester dean’s list at Lafayette College. Get more : http://www.northjersey.com/community/announcements/195495381_Student_News__March_6.html
Students who earn a 4.0 gradepoint average, which represents all “A” grades, receive highest honors. High honors go to those earning 3.99 to 3.75 gradepoint averages. Honors are given to students earning 3.74 to 3.50 gradepoint averages.
Students were full-time students in the fall term, earning 12 or more credits of graded coursework. More Info : http://chippewa.com/dunnconnect/variety/education/student-news/article_ee0bc59c-86b6-11e2-abbf-0019bb2963f4.html
ESU athlete to help injured exchange student:
The school says freshman Justin Wilson recently gave $1,030 to the family of 23-year-old Yali (YAW'-lee) Huang (wahng). The Chinese exchange student was flown to a Wichita hospital in November after being struck by a Jeep while walking across a street. After coming out of a 10-week coma, she was leaving Monday for a hospital in Shanghai. It's located about 900 miles away from her family's home in Shenzhen. Visit now: http://www.eldoradotimes.com/article/20130304/NEWS/130309756/
Student Loan Blog Posts:
Student-Loan Delinquencies Soar:
The number of young borrowers who have fallen behind on their student loan payments has soared over the past four years, the Federal Reserve Bank of New York said in a recent report, according to the Wall Street Journal.
According to the report, 35 percent of people under age 30 who have student loans were at least 90 days late on their payments at the end of last year, up from 26 percent in 2008 and 21 percent at the end of 2004. More information: http://www.ncpa.org/sub/dpd/index.php?Article_ID=22906
New student loan regulations announced:
Students looking to take out subsidized federal loans for the first time will face new regulations and limits on how much they can borrow. Starting July 1, students applying for a need-based Direct Subsidized Loan will be limited to borrowing only enough money to cover one-and-a-half times the length of their program of study. Get more information: http://www.mailtribune.com/apps/pbcs.dll/article?AID=/20130305/NEWS/303050320
How Student Debt Tripled In 8 Years:
US student loan debt has soared to $966 billion, nearly tripling from 2004 to 2012, according to new data from the New York Federal Reserve.
The Fed offers five reasons to explain this trend:
1. More people attend college and graduate school
2. Parents take out student loans for their children. Know more: http://www.businessinsider.com/ny-fed-student-loans-presentation-2013-2