Student Loan Debt
How advisors can help clients understand the burden of student loan debt and the best ways to reduce, eliminate or manage the debt load.
Moody's Lowers Countrywide Debt Rating
By James J. GreenTwo days after the largest provider of home mortgages in the U.S., Countrywide Financial, announced that a full 1% of its home loans were in foreclosure, the company got more bad news on August 16 from a ratings agency. Moody's Investors Service downgraded the senior debt ratings of Countrywide Financial...
July 01, 2007
Guiding New GradsGood news! Employers intend to hire 19.2% more new college graduates in 2007 than they did last year, according to a recent poll by the...
June 24, 2007
House Panel Approves Bill Boosting College AidA committee in the House of Representatives has approved legislation aimed at helping families pay for their children's college education while cutting federal subsidies to ...
June 15, 2007
House Panel OKs College Aid Bill With 529 Plan ProvisionMembers of the U.S. House Education and Labor Committee voted 30-16 Wednesday to pass H.R. 2669, a bill that would pay for expanding federal grant ...
June 13, 2007
College Aid Bill Presented In HouseA House of Representatives committee has approved legislation aimed at helping families pay for their children's college education while cutting federal subsidies to college lenders.The ...
June 13, 2007
Education Bill Would Affect 529 Plan Asset StatusNew student loan legislation could affect the way colleges treat 529 plan assets and Coverdell education savings account assets when assessing student financial need.Rep. George ...
June 01, 2007
Don't Mention ItAs part of the employment contract that should accompany a restrictive executive bonus arrangement, a repayment clause should be included that specifies that if the...
May 23, 2007
Three Financial Aid Directors FiredOn Monday, May 21, 2007, Columbia University released its financial aid director, David Charlow, after documents became available showing that he promoted a student loan company in which he held a financial stake. Charlow had sent letters to parents and alumni on three occasions praising the lender--Student Loan Xpress.