Archive | Finances
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Bank of America backs down on proposed fees
Students with Bank of America accounts can finally breathe a little easier. Following a surge of protests and public backlash, this Tuesday Bank of America repealed its decision to start charging customers $5 per month beginning next year.
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Speaker denounces federal student aid
Neal McCluskey knows his reasoning seems counter-intuitive, but the associate director of the Cato Institute's Center for Educational Freedom said the way to reduce the price of a college degree is to get rid of federal aid.
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Column: We can’t wait – Helping manage student loan debt
Over the last few weeks, I’ve had the opportunity to get out of Washington and talk with folks across the country about how we can create jobs and get our economy growing faster. This is a tough time for a lot of Americans – especially young people.
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Experts doubt Obama’s new loan plan
President Barack Obama’s new student loan repayment plan is set to reduce payments and interest rates, but Duke U. experts and student loan officials are skeptical of the proposal’s long-term risks.
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Obama announces plan to reduce debt burden on student loan borrowers
In a speech given at the Auraria Campus in Denver, Colo., Wednesday, President Barack Obama announced a plan that would cap federal student loan payments starting in 2012 — two years earlier than initially expected.
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Obama proposes ‘Pay As You Earn’
The Obama administration announced Tuesday it is proceeding with a new “Pay As You Earn” proposal that would reduce monthly payments for more than 1.5 million college students who currently owe money on student loans.
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Students battle high textbook prices with piracy
Cal State U. -Long Beach senior Julie Boll is $19,000 in debt. She had to sell her car and some of her wardrobe to pay her daily expenses. When the semester began, she realized textbooks were going to cost more than she expected — nearly $700 for the semester.
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Column: Americans must call out their banks
Well, Bank of America, I think it’s time we had a little chat. I heard you’re no longer the largest bank in the U.S. thanks to that big bully JPMorgan Chase. But this doesn’t mean you get to lash out towards the people who love you.
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Column: Bank of America’s downfall is greatly exaggerated
Bank of America Corporation (BAC), the nation's second-largest lender, has been taking a beating in terms of stock value over the past two months, which has lead to some financial experts giving up on the prospects of a stock rebound.