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.
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.
May 10, 2007
Let the Sun Shine InOn May 10, 2007, the House of Representatives overwhelmingly passed the Student Loan Sunshine Act, H.R.890, to ban gifts and payments by student loan companies to universities. Representative George Miller (D-California), who leads the House education committee, joined Representative Howard McKeon (R-California) in co-drafting the legislation, exhibiting a bipartisan determination...
May 01, 2007
Bill Gross on the Housing CrisisIn an April essay discussing the housing market and the subprime lending issue, Bill Gross, manager of the $102 billion PIMCO Total Return Fund, discusses...
May 01, 2007
New Courses for the College ConversationWe all know higher education is costly, but it turns out that there may be some hidden costs--and unintended and possibly illegal benefits going to...
February 09, 2007
New Legislation May Lower Student Loan Interest RatesThe College Student Relief Act of 2007 (HR 5), introduced by Rep. George Miller (D-California) with 211 cosponsors, would modify the Higher Education Act of 1965 by cutting in half the fixed interest rates on need-based Stafford loans for undergraduates over a five-year period. The bill passed the House on...
January 11, 2007
Schwab Crosses $500 Billion; Will Finance Breakaway BrokersCharles Schwab & Co. announced that its affiliated advisors now custody more than $500 billion at Schwab Institutional, up 23% from last year; SI President Debby McWhinney has previously stated a goal for the division of having $10 billion in custody by 2010.