Advertisement
YOU ARE HERE: LAT HomeCollectionsStudent Debt
IN THE NEWS

Student Debt

BUSINESS
June 13, 2012 | Ryan Faughnder, This post has been corrected, as indicated below.
As Americans continue to borrow more to pay for college, many are confused and frustrated at the process of dealing with private student loans. The Consumer Financial Protection Bureau disclosed the depth of the problem Wednesday by publishing nearly 2,000 comments from borrowers, advocacy organizations and other agencies. The federal agency removed names and other identifying information from comments. Many were angry with lenders for not making terms and conditions clear, such as how to consolidate a series of loans.
Advertisement
BUSINESS
August 12, 2013 | By Shan Li
Tell The Times how your family is dealing with the current job market. Although the economy is slowly picking up, Californians of all ages are struggling with their employment situations and their finances. In many cases, family members are stepping in to help. Are you a twentysomething who is working multiple part-time jobs and living with your parents? A fortysomething supporting your parents or children? A sixtysomething who is facing depleted retirement savings and looking for work?
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.
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.
CALIFORNIA | LOCAL
October 30, 2013 | By Carla Rivera
Californians will get the first chance to comment on President Obama's proposals to make college more affordable during a public forum next week at Cal State Dominguez Hills, officials announced Wednesday. The Nov. 6 event is the first in a series of four public sessions held around the country -- and the only one in California -- to gather input on the president's recently announced agenda to develop a college ratings system to help students select schools with the best bang for their buck.
BUSINESS
April 19, 2009 | Kathy M. Kristof
Couples in the process of divorce spend a lot of time divvying up their assets. But in today's miserable economy, experts maintain that soon-to-be-exes should take even greater care dividing up the debts. Otherwise, your former spouse's job loss could end up hitting your balance sheet -- and credit report -- years after you think the divorce is settled.
BUSINESS
December 29, 2013 | David Lazarus
Teresa Martin was laid off in October from her job as office manager for a packaging company. The Corona resident is now struggling to pay her bills. Martin, 57, isn't carrying any credit card balances at the moment, but she said she may have to start running up debt on plastic in the coming days if she wants to keep a roof over her head. "It's scary," she told me. "But I'm not sure what else I can do. " As we stagger into a new year, consumer debt is climbing at the fastest pace in more than five years.
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.
Los Angeles Times Articles
|