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Should these college students pay back their loans?

Just like you (unless of course you graduated debt free, then congrats!), I had student loans to pay back long after I graduated. But I attended a traditional, private, four-year college. However, some students who attended for-profit colleges joined the Department of Education (DOE) in a meeting hosted by the U.S. Consumer Financial Protection Bureau (CFPB).

Student loans are a common issue among college students. (Credit: Cagle Cartoons)

Student loans are a common issue among college students. (Credit: Cagle Cartoons)

The students, who represented hundreds of others, had taken out federal financial aid as well as private student loans to attend Corinthian College. They say they are not repaying their loans. Does this seem fair? Let’s discuss it. Read more

Federal Stafford Loan interest rate increase: Who it affects

President Barack Obama walks to stage to discu...

President Barack Obama walks to stage to discuss student loans in the Diplomatic Reception Room.

This week there was some bad news for college students hoping to get a subsidized federal student loan, called a Stafford Loan, to help pay for college. Congress has allowed the interest rate for subsidized loans to double from 3.4% to 6.8%, which is the current rate for unsubsidized loans. The new rate starts July 1, 2013 and affects students who are newly applying for the loan or are renewing their loan after July 1. According to CNNMoney, about one-third of college students who need federal financial aid get a Stafford Loan. Read more