College Loan Scam Lawsuit

(CNN) — Everyone knows college is expensive. Almost 40 million Americans carry student debt that hovers at more than $1 trillion. The pressure of that massive debt makes borrowers easy prey for scammers. But one state is fighting back. On Monday, Illinois’ attorney general filed the first lawsuits in the country against accused student loan … Continue reading »

Student Loans to Cost More in the Fall

(CNN) — College freshmen taking out government student loans will pay a heftier price this fall. Thanks to Congress, interest rates could be nearly a percent point higher than in previous years. Under this rate, seniors with one year of school left could pay an additional $260 in interest over a 10-year period. But analysts … Continue reading »