Student Loans

WASHINGTON (AP) — Black lawmakers are urging President Barack Obama to do something about changes to a college loan program that they say make it tougher for students at historically black schools to finance their education. Congressional Black Caucus members say the PLUS loan was the first topic discussed in their meeting with Obama on […]

WASHINGTON (AP) — Student loan rates will double today — at least for a while — after a compromise to keep student loan interest rates low proved unwinnable before the July 1 deadline, senators said Thursday. Sen. Tom Harkin, the chairman of the Senate education panel, said none of the proposals being circulating among lawmakers […]

Is Howard University on the verge of closing its doors? According to the Huffington Post, in a letter sent to her fellow Howard University board of trustee members, vice chairwoman Renee Higginbotham-Brooks warned that without immediate changes to management and leadership, the school could shut down for good. The letter was leaked to the Chronicle […]

Jacque Reid goes “Inside Her Story” with financial expert Charlene Crowell about ins and outs of loan taking.

Jacque Reid goes “Inside Her Story” with financial expert Charlene Crowell about ins and outs of loan taking.

WASHINGTON (AP) — With college enrollment growing, student debt has stretched to a record number of U.S. households — nearly 1 in 5 — with the biggest burdens falling on the young and poor. The analysis by the Pew Research Center found that 22.4 million households, or 19 percent, had college debt in 2010. That […]

As college students battle the job search in this challenging economy, many are finding unconventional ways to generate income.  When student loan costs accrue and deferment is no longer an option, some college students are getting cash by serving as medical lab rats to pay off school debt. John McKinley-Campbell had aspirations of obtaining his […]

WASHINGTON (AP) — Congress has passed a massive measure that will salvage some 2.8 million jobs and shield college students from sharply higher interest rates on college loans. The bill would also shore up the federal flood insurance program. The Senate approved the bill by a vote of 74-19. The House passed the bill earlier […]

For many young African-Americans who are looking for jobs, the Obama administration says it’s committed to offering hope this summer in the form of a paycheck. “In January, we called on the private and public sectors to help us address record unemployment among America’s youth,” President Barack Obama said in a statement Wednesday. “Today, we […]

President Barack Obama went after the college vote Tuesday, pitching cheaper student loans as he courted the one age group where he has a decided advantage over Republican rival Mitt Romney. The twist? Romney, too, has endorsed the idea, though it’s unclear whether deficit-leery Republicans in Congress will go along. In the race for the […]