CON: We used to think of Sallie Mae is a helpful government student loan service. Those days are gone. Sallie Mae is now a cash cow that is milking students and their parents of their futures. Click on the link to hear James ask financial advisor Dave Ramsey if it's possible to settle on a student loan. http://www.daveramsey.com/askdave/college
Student Loan Bubble Cracks With Pulled Sallie Mae Bond Deal | Zero Hedge | the nation's largest non-government student lender cancels a $225 million debt offering as investors decided they simply were not getting paid enough for risk - amid rising student loan defaults.
The Federal Government Has No Idea How Much Americans Owe On Student Loans - Americans collectively owe lenders some $1.32 trillion on their student loans. Or at least $1.14 trillion. Or $708 billion. Or $1.16 trillion. The different estimates -- from the Federal Reserve in Washington, U.S. Department of Education, and Fed...
An estimated $108 billion or more in student loans will be forgiven over the next 10 to 20 years, thanks to federal programs that help ease the financial burden for those attending higher education institutions. That figure is roughly one-third of the $352 billion in estimated loan volume U.S. students are expected to take out between 1995 to 2017, according to a Wednesday report from the Government Accountability Office.