Tag Archive for student loan

Debt Load Could Snag Students, Hurt US Economy

William C. Dudley, President and Chief Executive Officer of the Federal Reserve Bank of New York speaks during a panel discussion at The Bank of England in London, Britain, March 21, 2017. REUTERS/Kirsty Wigglesworth/Pool
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By Jonathan Spicer NEW YORK (Reuters) – Rising student loan debt in the United States could ultimately hurt overall home ownership and consumer spending and erode colleges’ and universities’ ability to elevate lower-income students, a top Federal Reserve policymaker said on Monday. New York Fed President William Dudley, an influential monetary policymaker who was citing…

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Your Money: How the Deck is Stacked Against Student Loan Borrowers

A dealer shuffles a deck of cards during a poker game at a casino in Budapest September 15, 2009.  REUTERS/Katoly Arvai
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By Beth Pinsker NEW YORK (Reuters) – Paying back your student loans is hard enough. It certainly does not help when the trillion-dollar industry seems set up to make you fail. The Consumer Finance Protection Bureau shed some light on how harrowing this process can be for borrowers on Wednesday when it announced a massive…

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