Student Loan News – February 22, 2013

Here are the best articles from around the web this week talking about student loans… For the week ending Friday Feb 22, 2013 Student Loan News: 1. ¬†Wealthiest US colleges suing students over default loans: Graduate student borrowers are defaulting on almost US$1 billion in federal loans that were given out to the poor. US colleges such as Yale, Penn State and George Washington are coming after them in the courts, suing for nonpayment. All three colleges have pursued lawsuits against students who defaulted on their Perkins loans. The exact number of lawsuits is not known, but just last year alone the University of Pennsylvania filed at least a dozen lawsuits over the Federal Perkins Loan, Bloomberg reported. […]