Tag Archives: student loans

The overall debt from student loans now exceeds $1 trillion, with defaults skyrocking. The solution from one Democratic Congressman: a $1 trillion bailout.

The day of reckoning looms: The overall debt from student loans now exceeds $1 trillion, with defaults skyrocketing. The solution from one Democratic Congressman: a $1 trillion bailout. More here.

The federal government is liable for approximately $850 billion in student loans, and the number of borrowers defaulting on these loans is on the rise.

The day of reckoning looms: The federal government is liable for approximately $850 billion in student loans, and the number of borrowers defaulting on these loans is on the rise.

Obama administration has decided that volunteering will work to forgive a student loan, as long as that volunteer work is not for a religious organization

Obama administration has decided that volunteering will work to forgive a student loan — as per the law that Congress passed — as long as that volunteer work is not for a religious organization.

Congress created the loan forgiveness program in 2007 to encourage graduates to enter the public service field. In exchange for that service, the remaining balance of student loans would be considered repaid after 120 full payments.

To qualify for the loan forgiveness, one must now work for a federal, state or local government agency or organization, including public water, bridge or housing districts, or nonprofit organizations designated as tax exempt by the Internal Revenue Service.

More and more, it is obvious that this administration and those who support it are hostile to religion (except for Islam), hostile to freedom, and focused on gathering all power and control to the federal government.