Thousands of student loans going into default even without missing a payment

NEW YORK (CNNMoney) – During college, millions of students are forced to take out loans to pay for tuition. However, many kids cannot get a loan on their own and rely on a parent or relative to be a co-signer. … Continue reading


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Get a deduction when using loans to pay tuition

Judy O’Connor Dear Tax Talk,My son is going to graduate school and received a tuition statement. The Form 1098-T has block 2 — “Amounts billed for qualified tuition and related expenses” — filled in. He is using student loans to … Continue reading


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Nasty surprise on some student loans

With the Fed paring back bond-buying, retirees are bracing for volatility, but financial advisors are not too concerned. Article source: Article Source


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Feds Examine Automatic Defaults on Student Loans

Most borrowers who get privately-issued student loans need a co-signer, and could face demands for full repayment if the co-signer dies or files for bankruptcy, a new federal report says Tuesday. Automatic defaults occur even when the private loans, often … Continue reading


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CFPB looks to stem 'Auto-Deafults' on private student loans

WASHINGTON, April 22 (UPI) — The Consumer Financial Protection Bureau said people who pay private student loans can be put on default when the co-signer of their loan dies or declares bankruptcy. The report out Tuesday says that borrowers can … Continue reading


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Not Guilty Plea Entered by PG&E In Deadly California Blast

Pacific Gas and Electric Co. has pleaded not guilty to federal charges stemming from a natural gas pipeline explosion in California that killed eight people and injured 58 others in 2010, according to court filings. The utility was indicted by … Continue reading


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Monster Involved in Insurer-Funded Settlement in California

Corona, Calif.-based Monster Beverage Corp. has agreed to settlement an ongoing securities class action lawsuit against the company and two of its officers in federal district court in Los Angeles. The settlement, reportedly worth $16.25 million, is pending court approval. The suit was … Continue reading


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Federal Suit Filed Against California Lawmaker, Aide in Fatal DUI

The parents of a Santa Barbara woman who was fatally struck by a congresswoman’s aide filed a federal lawsuit against the driver, U.S. Rep. Lois Capps and the U.S. government. The wrongful death suit filed by Matt and Raeona Dies’ … Continue reading


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Recent Quakes Push Interest, Sales of Policies in California

Some people don’t need Earth Day to be reminded they live on a planet powered by the forces of nature. The recent string earthquakes on the Pacific belt may have hit home with California homeowners, who were already a bit … Continue reading


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U.S. home resales hit 1-1/2 year low, but may be stabilizing

By Lucia Mutikani WASHINGTON (Reuters) – U.S. home resales fell to their lowest level in more than 1-1/2 years in March, but there were signs a recent downward trend that has plagued the housing market may be drawing to an … Continue reading


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