Law changes help lenders, not students
First and foremost, let's get this out of the way: If you're here looking for a site about either recently published book titled Generation Debt, this isn't it, though we have posted about those books. Try here for Anya Kamenetz's book, or here for Carmen Wong Ulrich's book.
Onto the news...
-The American Chronicle examines the Single Holder Rule, reconsolidation, and recent changes to student loan laws.
-Sign On San Diego also looks into recent education law changes, and how those changes benefit lenders, not students or graduates.
-The Chicago Sun Times gives Congress an "F" for the recent changes to student loan laws, asking the eternal question, "If you can refinance your mortgage to take advantage of lower rates, why not your student loan?"
-The Free Market News also covers these student loan changes, asking the above question another way, "Can you imagine the uproar if homeowners were suddenly told that they could no longer refinance their home loans?"
-And finally, USA Today examines the consequences of such a large debt burden: "The weight of debt is forcing many to put off saving for retirement, getting married, buying homes and putting aside money for their own children's educations," as well as keeping them from starting businesses and securing any other type of loan.