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College Students Looking For A Break On Loan Interest Rates

DETROIT (WWJ) – The House is ignoring a veto threat from the President and approves a bill keeping federal student loan interest rates from doubling. The White House is threatening to veto the...

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U-M: Many Families Are Underwater With Debts

ANN ARBOR (WWJ) – As the country emerges from the Great Recession, a substantial number of U.S. families are underwater—and not just with their mortgages. According to a new University of Michigan...

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Congressman Says Student Loan Rates Set To Double

SOUTHFIELD (WWJ) – A U.S. congressman says that without intervention the interest rate on student loans will double.  As of July 1, rates are set to go from 3.4 percent to 6.8 percent. That’s according...

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Market Rates For The Middle Class

With a couple of simple fixes from Congress, billions of dollars could be put into the economy by allowing middle class families to refinance their mortgages and by keeping student loans at market...

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11 Metro Detroiters Charged In Student-Loan Fraud Schemes

DETROIT (WWJ) - Criminal charges have been filed against eleven people from Wayne and Macomb counties for their alleged roles in at least four student-loan fraud schemes totaling more than $1 million....

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House Panel To Debate Student Loan Tax Credits

LANSING (AP) - A Michigan House panel is expected to debate a bill that would provide tax credits for student loan payments. The Michigan Competitiveness House Committee plans to debate the bill...

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Students Sink Further In Debt As Congress Fails To Stop Loan Rate Increase

DETROIT (WWJ) – Now that Congress has failed to stop the student loan rate from going up…it is scheduled to double on Monday. For students like Wayne State Senior Anna Marie Sysling … it’s maddening …...

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Stabenow Pushing For Reversal On Student Loan Rate Hike

SOUTHFIELD (WWJ) – Senator Debbie Stabenow will be joining students from colleges across Michigan Monday at Oakland Community College in Southfield. Senator Stabenow is pushing Congress to pass...

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College Plans To Repay Loans Of Graduates Who Can’t Find Jobs

ADRIAN (WWJ/AP) - Adrian College plans to offer a new loan repayment program that will pay all or part of students’ loans if they are unable to secure a well-paying job after graduation. AdrianPlus...

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College Affordability: Know Your Federal Student Loan Repayment Options

Photo Credit Thinkstock In 2013, the median weekly earnings of a worker with a bachelor’s degree was $1,108. Compare this to the worker with only a high school diploma whose median weekly earnings...

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Tax Tips: What All New College Grads Need To Know

Photo Credit Thinkstock Did you graduate from college in 2014? Congratulations! It probably feels great to be done with school, but there’s one more quick course you should take this spring. Welcome,...

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How Student Loan Debt Can Affect Your Tax Return

By Mario McKellop According to Forbes, the average college student graduating in 2016 will leave academia with a degree and $37,000 in student loan debt. While finding a way to pay back that debt will...

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Report: Michigan Has Some Of The Highest Student Loan Debt In The Country

MICHIGAN — If your college-age kids are like many others across the country, an explosion in student debt may put some “adulting” on hold after they get their degrees. A recent report shows our state...

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Betsy Devos Will Cancel $150M In Student Loan Debt After Being Sued For Delays

(CNN) — The Department of Education said Thursday that it would wipe away student debt for 15,000 borrowers, implementing an Obama-era rule that Secretary Betsy DeVos has fought to block for more than...

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Biden Administration Extends Student Loan Repayment Freeze

(CBS DETROIT) – For those heading back to college, you won’t need to pay those student loan payments just yet. The Biden Administration is extending the pause on repayments, interest, and collection...

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Navient Reaches $1.85 Billion Settlement Over Predatory Student Loan Claims

BOSTON (AP) — Navient, a major student loan collecting company, agreed to cancel $1.7 billion in debt owed by more than 66,000 borrowers across the U.S. and pay more than $140 million in other...

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Biden Administration To Extend Student Loan Repayment Pause Until August

(CNN) — The Biden administration is planning to extend a pause on federal student loan repayments through August 31, according to an administration official familiar with the matter. The repayment...

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