The Freedom From Debt Blog

Thousands of borrowers who have student loans with Sallie Mae, the nation’s largest student loan lender, are seeing their credit scores plummet due to an error in Sallie Mae’s reporting to credit bureaus.  The error affects borrowers who are using the company’s graduated payment plan, which allows the borrow to make smaller payments, at times low enough to [...]

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The House of Representatives passed a bill on Thursday aimed at slowing down the rapidly rising costs of secondary education and decreasing the burden of student debt.  Despite strong opposition from the Bush administration, the bill passed easily by a vote of 354-58.  The legislation proposes to establish a list, published by the federal Education [...]

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