Student loans

  1. Sen. Claire McCaskill (D) has remained mostly silent on the topic of abortion during her recent travels through the State of Missouri despite the controversy surrounding her opponent,  GOP Rep. Todd Akin.

    She has instead mostly contrasted her views with her opponent’s on minimum wage, taxes and federal student loans. “The only guaranteed ticket to the middle class is a college education. I am not aware that there is another guaranteed ticket,” McCaskill said. 

    Akin is back on the airwaves with campaign ads, and his campaign team says that it will stay that way.

    This is even after National Republican Senatorial Committee (NRSC) vowed to spend no money on his Senate race and some Missouri TV stationd stopped running his ads, reportedly because of unpaid bills.

    The big question now is whether he be able to raise enough money to keep his ads airing through election day.  Akin says there are new contributions coming in and they will be enough to sustain him through the election. 

    The deadline for Akin to withdraw from the race is Sept. 25. 

    kansascity.com »

  2. Reporting by Rex Santus, a city reporter for the Daily Kent Stater.

    It wasn’t until eight years ago First Lady Michelle Obama paid back her student loans, she said Tuesday during a teleconference with student media outlets.

    “I always remember what life was like when Barack and I were just starting out our life together,” Obama said. “We were holding down jobs and out of school … We bought our first condominium. We found our combined monthly student loan bill was actually higher than our first mortgage.”

    Obama’s teleconference was in preparation for her speech at the Democratic National Convention in Charlotte, N.C., Tuesday night. The call focused on the importance of young people’s voting in the November election.

    Obama said young people are the “engine” of her husband’s campaign.

    “The fact is we know this election hangs in the balance,” Obama said. “We know that young people and new voters like many of you are the ones who can put this election over the top.”

    Listen to audio clips from the call and read the full story on KentWired.

    kentwired.com »

  3. How screwed are you? A college debt calculator
While visiting North Carolina in May, President Obama disclosed that he just finished paying off his student loans eight years ago. According to a 2011 report by the Federal Reserve Bank of New York, outstanding student debt in the United States stands just shy of $1 trillion. Meanwhile, the average college student attending a public university racked up $22,000 in student debt in 2010. Those are big numbers — and if even the president struggled to pay off his student debt, what chances do today’s college students have?  
Do you know how many cold beers you could buy with $22,000? WhichWayNC thought it might be a little less depressing to think of  loan debt in terms of toilet paper, cold beers and ramen noodles, so we made a calculator that does just that. (But really, what we’re calculating is how many beers you  won’t be able to buy, so maybe this is still pretty depressing.) Try it here. 

    How screwed are you? A college debt calculator

    While visiting North Carolina in May, President Obama disclosed that he just finished paying off his student loans eight years ago. According to a 2011 report by the Federal Reserve Bank of New York, outstanding student debt in the United States stands just shy of $1 trillion. Meanwhile, the average college student attending a public university racked up $22,000 in student debt in 2010. Those are big numbers — and if even the president struggled to pay off his student debt, what chances do today’s college students have?  

    Do you know how many cold beers you could buy with $22,000? WhichWayNC thought it might be a little less depressing to think of  loan debt in terms of toilet paper, cold beers and ramen noodles, so we made a calculator that does just that. (But really, what we’re calculating is how many beers you  won’t be able to buy, so maybe this is still pretty depressing.) Try it here

    whichwaync.com »

  4. I’ve seen the articles that grown-ups have written about the millennials, characterizing a coddled generation that refuses to grow up. Even with all the self-esteeming and expensive education in the world, these kids still think they can click “like” to change the world, everyone says. Who’s to blame? Where did we go wrong? While these 26-year-olds toil in coffee shops or at unpaid internships waiting to be handed their promised dream jobs, who’s going to pay back all their damn student loans?”

    npr »

  5. The House and Senate are poised to vote today on a package that will keep student loan rates from doubling on Sunday. 

    mtvpowerof12:

    beyonce isn’t the only one counting down until student loan interest rates double on july 1st. 

    http »

  6. "In my heart I can’t vote for another increase," Michigan State University Trustee Dianne Woodard said. "My concern is you’re just continuing to push the cost onto our kids."

    — One dissenting voice Friday when the eight-member MSU Board of Trustees voted to increase tuition 3.5 percent. In-state tutition for a typical course load is expected at $12,622 during the upcoming academic year, according to The State News’ Rebecca Ryan.

    MSU followed in lockstep of its in-state rival, the University of Michigan, which also increased its tuition by 2.8 percent Thursday. These actions follow years of state divestment of its public universities and has many Internet commenters up in arms over both sides — the schools and the state government. An overarching solution to college affordability remains elusive.

    statenews.com »

  7. Millions of people heard President Barack Obama and comedian Jimmy Fallon slow jam the news about how student loan rates were set to double July 1. But as June meets its halfway mark, the decision regarding interest rates has not yet been made. The Kansas City Star explains how politicians are hesitant to reach a conclusion due to the volatility of the 18- to 29-year-old vote.

    Millions of people heard President Barack Obama and comedian Jimmy Fallon slow jam the news about how student loan rates were set to double July 1. But as June meets its halfway mark, the decision regarding interest rates has not yet been made. The Kansas City Star explains how politicians are hesitant to reach a conclusion due to the volatility of the 18- to 29-year-old vote.

    (via theatlantic)

    The Atlantic »

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The 12 is a group Tumblr of The Washington Post and student journalists in 12 battleground states documenting the 2012 presidential election and capturing perspectives of young voters.

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