Monday, August 25, 2008

Student loans and spending

From the NYT this weekend, an article with a Tacoma twist, about a one-man crusader for student loan repayment reform who lives here in town:

MOST people struggling to pay off their student loans keep quiet about it. They do not want to acknowledge that, perhaps in a fit of naïve, youthful optimism, they borrowed more than they could handle.

Then there is Alan Collinge, who for years has described his struggle with tens of thousands of dollars in student loan debt to anyone who will listen. He has appeared on “60 Minutes” criticizing Sallie Mae, the nation’s largest student lender, and has been quoted in the pages of this and other newspapers attacking loan companies.
http://www.nytimes.com/2008/08/24/business/24loans.html

And from the Wall Street Journal, a good piece on how students can budget more effectively:


http://online.wsj.com/article/SB121953468678666683.html