Co-signed private loans and risks of surprise deafult
"Loans" by flickr user Jeff Ferzoco (cc license) As many families know, private student loans often require a co-signer. This is, in part, because most college students lack enough signifiant credit history and income to establish the creditworthiness in the amount of a student loan. However, a recent study reveals a new risk with private student loan co-sigining.
Yet another call for college debit card transparency, this time from the Department of Education
image by flickr user lendingmemo (cc license) Over the past four months, debit cards on college campuses have faced heightened scrutiny. Much of this scrutiny has come from the Consumer Financial Protection Bureau (CFPB) and the Government Accountability Office (GAO). Today, the Department of Education's Office of Inspector General has published a report that is sure to garner attention, both on Capitol Hill and on college campuses nationwide.