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The show dated 5-10-2012 Credit Talk USA Worldwide Live – Republicans in Senate Block Bill on Student Loan Rates

 

LISTEN TO THE SHOW – http://www.blogtalkradio.com/credittalkusalive/2012/05/10/republicans-in-senate-block-bill-on-student-loan-rates

 

 

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Senate Republicans on Tuesday blocked consideration of a Democratic bill to prevent the doubling of some student loan interest rates, leaving the legislation in limbo less than two months before rates on subsidized federal loans are set to shoot upward.  Democrats arrayed college students to plead for a yes vote. The bill was blocked on party lines. Along party lines, the Senate voted 52 to 45 on a key procedural motion, failing to reach the 60 votes needed to begin debating the measure. Senator Olympia J. Snowe, the moderate Republican from Maine who is retiring, voted present.

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    The show dated 5-4-2012 Credit Talk USA Worldwide Live Student Loan Forgiveness Act 2012: Would you vote for it?

    TOPIC WE READ FROM: http://www.huffingtonpost.com/2012/04/10/student-loan-forgiveness-act-2012-hansen-clarke_n_1415910.html
    LISTEN TO THE SHOW HERE: http://www.blogtalkradio.com/credittalkusalive/2012/05/04/student-loan-forgiveness-act-2012-would-you-vote-for-it

     

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    Student Loan Forgiveness Act 2012: Rep. Hansen Clarke Proposes Bill To Cut Debt After 10 YearsU.S. Rep. Hansen Clarke (D-Mich.) joined students from a classroom in Detroit to discuss his plan to ease student loan debt. Taking advantage of Google’s video conferencing service Google+ Hangout, Clarke explained the details of his Student Loan Forgiveness Act of 2012 to a physical audience at Wayne State University, as well as a virtual one comprising students from across Michigan and the country. H.R. 4170 would forgive student loan debt for those who have paid 10 percent of their discretionary income toward their loans for 10 years and would cap interest on federal student loans at the current rate of 3.4 percent. Individuals who go into teaching, public service or practice medicine in underserved areas would have their debt forgiven after only five years.”Everyone tells us to go to school and work hard and we’ll be rewarded for our dedication,

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      Credit Talk USA Worldwide Live Student Loan Forgiveness Act 2012: would you vote for it?

      Credit Talk USA Worldwide Live Student Loan Forgiveness Act 2012: would you vote for it?

      SPONSOR: American Negotiators
      972-200-1187 or  1 866-865-3977

      Student Loan Forgiveness Act 2012: Rep. Hansen Clarke Proposes Bill To Cut Debt After 10 Years
      U.S. Rep. Hansen Clarke (D-Mich.) joined students from a classroom in Detroit to discuss his plan to ease student loan debt. Taking advantage of Google’s video conferencing service Google+ Hangout, Clarke explained the details of his Student Loan Forgiveness Act of 2012 to a physical audience at Wayne State University, as well as a virtual one comprising students from across Michigan and the country.
      H.R. 4170 would forgive student loan debt for those who have paid 10 percent of their discretionary income toward their loans for 10 years and would cap interest on federal student loans at the current rate of 3.4 percent. Individuals who go into teaching, public service or practice medicine in underserved areas would have their debt forgiven after only five years.
      “Everyone tells us to go to school and work hard and we’ll be rewarded for our dedication,” Clarke said Tuesday. “But the promise of a dream can turn into a nightmare for so many people.”

      http://www.cnn.com/2012/04/26/opinion/kamenetz-obama-higher-education/index.html

       

      LISTEN HERE: http://www.blogtalkradio.com/credittalkusalive/2012/04/27/student-loan-forgiveness-act-2012-would-you-vote-for-it

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        Credit Talk USA Live – Fannie Mae Freddie Mac could allow reductions on mortgages

         

        The world will only have to wait a few more weeks to find out whether Fannie Mae and Freddie Mac will allow principal reductions on mortgages they back.
        The Federal Housing Finance Agency will decide this month whether Fannie and Freddie should allow write downs on the balances of borrowers who owe more than their homes are worth, said Ed DeMarco, acting director for the agency. Fannie and Freddie have been at the center of a tug-of-war over fixing the housing market. They have long resisted calls to write down the balances on the loans in their portfolio, saying it would be too costly for taxpayers.
        But the pressure has been building, especially in the wake of the $26 billion mortgage settlement that will reduce principal for 1 million borrowers whose loans aren’t backed by Fannie and Freddie.

        http://money.cnn.com/2012/04/09/news/economy/mortgages-principal-reduction/index.htm?iid=HP_LN

        http://credittalkusa.blogspot.com/2012/04/credit-talk-usa-live-fannie-mae-freddie.html

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          Credit Talk USA Live – College students deliver more than 130K letters to congress

           

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          With little more than three months until the interest rates on federally subsidized student loans double, students are pushing lawmakers to help them out.
          On July 1, the interest rate on federal subsidized loans will double to 6.8%. That means students taking out loans for the next school year will eventually dig deeper in their pockets to pay them off.

          Nearly 8 million students have subsidized student loans, which means the federal government subsidizes the interest rate for lower- and middle-income families based on financial need.
          http://money.cnn.com/2012/03/13/pf/college/student_loans/index.htm
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          LISTEN LIVE ON 3-22-2012 11AMCST-  http://www.blogtalkradio.com/credittalkusalive/2012/03/22/college-students-deliver-more-than-130k-letters-to-congress
          LISTEN LIVE OR CALL THE STUDIO 619-638-8513

           

           

           

           

           

           

           

           

           

           

           

          http://credittalkusa.blogspot.com/2012/03/credit-talk-usa-live-college-students.html

           

           

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