Here are the best articles from around the web this week talking about student loans…

For the week ending Friday September 27, 2013

Student Loan News:

1. Trillion-Dollar Student Loan Fiasco to Force Our Next Debt Crisis? 

Last week I wrote about how auto loans have reached their highest level since the third quarter of 2007 and how easy access to these loans was pushing car sales higher.

Yes, ballooning auto loans are a problem, but there is a bigger ticking debt time bomb…

Student debt in the U.S. economy is taking the shape of a bubble.

The U.S. government has effectively become the biggest creditor to students. It has gotten to a point where it is forcing the big banks to move away from issuing student debt. Get more:

Student Loans

2. Adrian College to make student loan payments for low-earning grads: 

Adrian College students soon won’t need to worry about making student loan payments if they don’t land a well-paying job right after graduation.

Starting with next year’s freshman class — as well as first-year or second-year transfer students — the private Michigan college promises to make up to all of a student’s loan payment if he or she earns less than $20,000 and up to $37,000 annually. More info:

3. Student Loan Rates Bill Ties Interest to Treasury Notes: 

Monmouth University, West Long Branch, NJ September 18, 2013 (The Outlook, provided by UWIRE, a division of Uloop via Comtex) –Written by PAUL WILLIAMS STAFF WRITER Wednesday, September 18, 2013Congress Attempts to Make College More Accessible Through Adjusted Loan Program

The Bipartisan Student Loan Certainty Act was signed into law this summer by President Barack Obama, which ties student loan interest rates to treasury notes. This will make the federal subsidized Stafford loan interest rate 3.86 percent instead of 6.85 percent. Full story:

Student Loan Blog Posts:

1. The Half-Forgotten Student Debt Crisis: 

The debt ceiling debate is poised to return to the center-stage of American domestic politics. The Bipartisan Policy Center anticipates that the U.S. Treasury will hit the current debt ceiling sometime between October 18 and November 5, and House Republicans have already drafted a short-term spending resolution extending federal government spending through to December 15 if (and only if) none of that money is spent on the implementation of the Affordable Care Act. So here we go again, with Tea Party Republicans in Washington once more telling us that federal debt is the problem of the age, and that Obamacare is the greatest threat we face to the freedoms we love. Visit now:

2. Federal Student Loans: A Problem of Subsidiarity

Ever see one of those used car ads that says, “Bad credit? Drive today!” The implication being that the dealer will happily arrange a loan regardless of the borrower’s credit history. For years now, the federal government has been running a similar scheme: “Poor student? Go to college anyway!” While this campaign has had better intentions behind it, it is no less of a problem. In the field of higher education, the federal government has usurped the roles of families, private organizations, and markets, with negative moral and economic consequences. Official site:

3. Refinancing Student Loans: 

Many student loan borrowers consider refinancing through a consolidation, but most don’t know the true costs of this decision. While new terms may look better on paper, they could potentially cost you more in the long-term due to interest. Refinancing also isn’t a good idea for everyone, and its effectiveness can vary based upon your past and present credit scores.

The most common form of refinancing student loans for private loans happens in the form of consolidation. Know more: Around The Web: