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Student Debt

BUSINESS
December 6, 2012 | By Tiffany Hsu
Americans saw their wealth increase by $1.7 trillion in the third quarter ended in September, a promising sign in the thick of the holiday shopping season. Total household and nonprofit net worth - the difference between the value of assets and liabilities - climbed 2.7% to nearly $64.8 trillion from $63 trillion the previous quarter. A year ago, the gauge was at $58.7 trillion, according to a report Thursday from the Federal Reserve. Households enjoyed a $301 billion bump in the value of their real estate holdings; the value of stock investments increased as well.
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BUSINESS
November 11, 2008 | Catherine Ho, Ho is a Times staff writer
Higher college costs and steep losses in college savings plans are forcing students and their parents to borrow more money -- if they can -- to earn bachelor's degrees. Federal officials, fearing that the continuing credit crunch may stymie college financing efforts, tried Saturday to reassure families that funds would be available.
BUSINESS
March 26, 2012 | By Pat Benson
Got a problem making ends meet each month? There's an easy and cheap way to stick to a budget using envelopes. David Colker, an editor in the Business section at the Los Angeles Times, shows how to do it. This method of budgeting was popular in the Great Depression, and it is coming into vogue again in this tough economy. All you do is take an envelope for each category -- say, one for gas, one for food, one for entertainment, one for rent -- and put your budgeted amount of cash in it for the month.
OPINION
February 10, 2014 | By Sarah Amandolare
Last October, in between arguments over the debt ceiling, the federal government somehow found time to send me an email. My student loan payment was 70 days past due, the message read, so the government had negatively reported me to each major credit bureau and would continue to report me until my account was brought current. I'm betting the government sent out a lot of those letters to people like me: college graduates from middle-class families who didn't qualify for much in the way of scholarship aid and had parents who couldn't afford to pay for their schooling.
BUSINESS
March 31, 2013 | By Jessica Naziri
After graduating from Columbia University in the height of the recession and acquiring $120,000 in debt, including 12 student loans from seven servicers, Brendon McQueen was left with a film degree and a six-month grace period before his first loan repayment was due. Frustrated by the lack of options in tracking and managing his various loans, McQueen, like many other entrepreneurs, took matters into his own hands. “I tried to find a tool out there that offered a comprehensive solution, and I couldn't, so I said, 'Well, let's create one,'” McQueen said.  The solution: Tuition.io , a free one-stop-shop website that consolidates all your student loans -- public or private -- into one interface.
BUSINESS
March 14, 2012 | By David Lazarus
College students gone wild? Nope. That crowd on Capitol Hill was students protesting a pending spike in the interest rate for college loans. The rate under the federal Stafford program is scheduled to increase to 6.8% from 3.4% for loans made after June 30. Stafford loans are typically extended to low- and medium-income undergrads to help subsidize their education. The College Cost Reduction and Access Act of 2007 cut the interest rates on Stafford loans incrementally over four academic years.
NEWS
September 4, 2012 | By Michelle Maltais
Join us at latimes.com for a live video discussion at 2 p.m. Pacific time (5 p.m. Eastern) about the import and impact of the youth vote in the 2012 election. In 2008, President Obama's campaign mantras of hope and change resonated strongly with America's voting youth. He won the presidency with 66% of the 18-to-29-year-old demographic. Fast forward to 2012, the next generation of college students and young voters are faced with overwhelming student debt and an ominous employment outlook while Obama has been in office.
OPINION
May 16, 2013
Re "Cal State grads facing an exit fee," May 14 Give an arm and a leg, and you still have to give up more. College tuition has been on the rise for the last 10 years, and just when a college student believes that the horror is over, many of the Cal State University campuses want students to pay an exit fee. What chutzpah. The average debt load for graduates who borrowed money to pay tuition hovers around $27,000, according to the Institute for College Access and Success' Project on Student Debt.
BUSINESS
September 28, 2012 | By E. Scott Reckard
Orange County's Clearinghouse CDFI , which makes subsidized community improvement loans in low-income areas, has received a $2-million grant to help it expand into Nevada. The gift to the Lake Forest-based lender was one of three announced Thursday by the NEXT Awards for Opportunity Finance , which also provided a combined $6.25 million to two New York-based institutions that finance community health centers and affordable housing. Clearinghouse CDFI has made $925 million in loans over the last 15 years to such borrowers as the Monarch School for homeless children in San Diego, the Samoan Congregational Community Church in Carson and Native American Natural Foods, which produces buffalo meat and berry snacks on the Pine Ridge Indian Reservation in South Dakota.
BUSINESS
February 21, 2013 | By Walter Hamilton
The millennial generation is aggressively whittling down its debt, as young people forgo homes and cars, according to a new study. The median debt of households headed by people under age 35 fell 29% between 2007 and 2010, according to the analysis from the Pew Research Center. That compares to a mere 8% decline for households of those 35 and older. Even more impressive, the percentage of younger households with debt of any kind dipped to 78%, the lowest since the federal government began gathering the data in 1983, according to the study .  But it ain't coming easy.
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