Wall Street: “Sanders Student Debt Plan Could Bring More Pain”

Wall Street: “Sanders Student Debt Plan Could Bring More Pain”

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Every time a significant transaction tax has been tried, it has either been gutted or eliminated due to its failure to collect anything close to projected revenue and its impact on capital markets. Got that Bernie? American Communist Presidential hopeful, Senator Bernie Sancers (I-VT) proposed a plan Monday to […]

French Student Unrest Gathers Momentum

French Student Unrest Gathers Momentum

French Student Unrest Gathers Momentum French student protests intensified Tuesday, with various incidents around the country of demonstrators setting buildings on fire, and of violent clashes with police. Over the course of this week, students have gradually started to get involved in the so-called “yellow vests” protests against President Emmanuel Macron, 40 anni. Local authorities […]

Student Loan Borrowers Defaults Increase

Student Loan Borrowers Defaults Increase

Student Loan Borrowers Defaults Increase New research shows more than 1-M student loan borrowers each year go into default and nearly 40% of borrowers are expected to default on their student loans by Y 2023. Outstanding education debt in the US has 3X’d over the last decade and now exceeds $1.5-T, posing a greater burden […]

Millennial’s Spending Hobbled by Student Debt

Millennial’s Spending Hobbled by Student Debt

Millennial’s Spending Hobbled by Student Debt Millennial’s spending habits have been driving business leaders crazy, but not because the youngest generation in the workforce is irresponsible with their cash. On the contrary, millennials are turning out to be the most frugal demographic since the so-called Greatest Generation that came of age during the depression. That […]

Rising Student Debt Hurts Housing and Consumer Spending

Rising Student Debt Hurts Housing and Consumer Spending

Rising Student Debt Hurts Housing and Consumer Spending Rising student loan debt looks to harm the overall US economy, especially home ownership and consumer spending, a top Federal Reserve official said Monday. The rising debt also might erode colleges’ and universities’ ability to elevate lower-income students. New York Fed President William Dudley cited research from […]

Lawsuit Alleges Obama Administration Inflated Student Loans

Lawsuit Alleges Obama Administration Inflated Student Loans

Lawsuit Alleges Obama Administration Inflated Student Loans Conservative watchdog group Judicial Watch filed a Freedom of Information Act lawsuit against the U.S. Department of Education for records of the Obama Admin’s reported “coding error” which caused inflated College Scorecard repayment rates. “The Obama administration’s Obamacare legislation also included provisions that resulted in the federal takeover […]

US Student Loan Debt Reaches $1.31-T

US Student Loan Debt Reaches $1.31-T

US Student Loan Debt Reaches $1.31-T Student loan debt in the United States stands at $1.31-T, far more than Americans’ total outstanding credit card balance of $779-B. The Federal Reserve Bank of New York calculated the numbers and released a report that includes debt data through the end of 2016. Other Key figures in the […]