July 1, 2008

July quick hits

The midsummer feeling of wanting to be on vacation (staycation, anyone?) has hit us, so here are few links to check out while we, er, check out for the month:

-Above The Law has an open thread about student loan debt (focused on lawyers, but applies to all borrowers).

-Some teachers in Montana will be getting their loans paid off by the state.

-Considering the cloistered life? Financial assistance for religious vocations.

-A story on student debt from In These Times: "'To leave college and enter the real world with such grave debt is a setup for failure,' says [a former Columbia College Chicago film and video major]. 'What good are well-educated kids who, right out of the cradle, have major financial obligations before most own a house, a car or know where the nearest grocery store is?'"

-A new law could help you get some debt forgiveness if you work in public service.

-Oh poor Sallie Mae - can't afford to consolidate loans anymore. But wait, Sallie Mae spent more than $1.4M lobbying in the first quarter of 2008. Priorities, Sallie Mae, priorities!

-Yet another armchair financial advisor who thinks that anyone who dares to complain about usurious lenders is a whiner.

Student loan debt clock: $539 billion.