. >> debt from the graduate education, cosigning on private student loans. >>reporter: the amount borrowed for parent plus loans through the federal government has doubled in the last decade with an average balance of $34,000. more parents than ever are borrowing for their children's education, and the average amount of debt is growing. >> the only form that doesn't have an aggregate limit. >> before the credit crisis, about half of all private student loans required cosigners. in the aftermath, today more than 90% of new private student loans require cocineras. >> he tells students and parents to only borrow what you need, not the loan limit, which is not always necessary. >>> now maryland's most accurate forecast. >> got to do it on the super bowl weekend. new orleans, 53 degrees right now as the ravens get ready to get it done this weekend down there. i have a time lapse to show you from the big easy today. take a look. a lot of air traffic in the skies over new orleans today. here we go, getting ready to do our thing. back here in baltimore, 20 degrees,

people sometimes have no cash or they may have a cosigner or partner that could help. >> opportunity fund is a 51 say -- 501 c nonprofit and we can make the bay area a better place especially for low and moderate-income communities. some of our funding sources, like the sba, certain kinds of businesses we cannot lend to. adult entertainment, primarily, alcohol sales, and then there are some things that we decided we are not going to lend to. we choose not to lend for fire arms sales. medical cannabis, to be honest, as the ceo of a non-profit, i may not want to open up that can of worms. we have a lot of people that donate money to our program. given that that there is a discrepancy between federal and state law on that, strong beliefs that people have about it, we make a pledge that we will look at every loan to make sure there is positive community impact. i think that is at least controversial enough to choose not to do it. we have not had a request yet, so i have not had to rule on that. >> we have a question in the back. >> i wanted to ask wells fargo, what is your interest rate

gave up half a million for me to start my company, cosigned, seven months later he allowed me to buyr, i continued to grow and grow and grow. >> amazing. >> until 2008. >> you built up this $13 million business. and then you literally almost lost it overnight in the big crash of '08. >> it was interesting. four months before the crash, tony calls me and says, mike, you need to prepare. and as everyone in the country kept saying, we're strong. the economists are saying, we're strong. i didn't listen to him. i should have listened to him. >> why wouldn't you listen to tony robbins? >> things were going great. >> that was mainly thanks to him. >> i know. that's true. overnight, as you know, the economy collapses. the metal business completely collapses. >> when that happened to you, and having gone from literally nothing, you were a homeless guy to $13 million business, and then it all disappears, what was that like for you? >> i didn't care about losing the material possessions. i had a 3-year-old son at the time. he's now 7. the only thing that was going through my mind was, how do i

the statement that was issued there yesterday it's represents the individuals who cosigned that it does not hold trends in the streets of egypt those who have signed that some of them have openly indorse morsi during the year are now for the presidential during the presidential elections so it only represent those who signed it and not the masses of the people the gyptian people demands have been overlooked and this is just a beginning it's going to be tough to remove morsi then it was to remove mubarak but the people and the youth of egypt are determined to not settle for anything less than bread freedom social justice and human dignity some of the experts that we've spoken to here on on our team pointed out that the military are taking creasing control of egypt would you agree with that. the military has been in power in egypt since nine hundred fifty two where morsi and the islamic fascist muslim brotherhood grows to power their number one priority was to dismantle the police forces and to. infuse. people from the muslim brotherhood is it establishment something similar to what happe

statement that was issued there yesterday it's represents the individuals who cosigned that it does not hold trends in the streets of egypt those who have signed it some of them have openly indorse morsi during the run off for the presidential during the presidential elections so it only represent those who signed it and not the masses of the people the egyptian people demands have been overlooked and this is just a beginning is going to be tough to remove morsi than it was to remove mubarak but the people and the use of egypt are determined to not settle for anything less than bread freedom social justice and human dignity some of the experts that we've spoken to here on on our team pointed out that the military are taking creasing control of egypt would you agree with that. the military has been in power in egypt since nine hundred fifty two when the morsi and the islamic fascist muslim brotherhood grows to power there are number one priority was to dismantle the police forces and to. infuse. people from the muslim brotherhood it is stablished meant something similar to what happened

for the country as it is the year anniversary on the bloody football massacre that took place in cosigned on the first of february two thousand and twelve is of course has been a point of contention for those who come for signs and eyes the verdict on twenty one defended soldiers was told i am a sentence to death so today they came on the streets against the government against the biting very angry scenes and a fisherman been gathering shot xandra have all said johnstown but at the moment the focus is definitely here in the capital with these chaotic and violent street hospitals. activists and journalists who can't chandan things the effects of the ongoing unrest in egypt could destroy not just the country's stability but its economy too. egypt has been totally destabilized and remember the egyptian government is waiting for what the egyptians call the loan from sunday look there's a protest is a popular protest song about the world bank i.m.f. loan to egypt and all the western newspapers and analysts are saying well egypt's not going to get that loan if this is the destabilisation by its

for the country as it is the year anniversary on the bloody football massacre that took place in cosigned on the first of february two thousand and twelve is of course has been a point of contention for those who come for signs and eyes the vatican twenty one the famine so i was told i am a sentenced to death so today they came on the streets against the government against the biting very angry scenes and if you see many been gathering shot xandra have to say downtown for the moment the focus is definitely here in the capital where these chaotic and violent street hospitals. are a stage occurring despite a peace agreement signed by opposition and muslim brotherhood leaders thursday journalist and middle east expert ahmed fati says those behind the accord have ignored demands from the streets. those who have signed to some of them have openly indorse morsi during the forty presidential during the presidential elections so it's only to present those who signed it and not the masses of the people people demands have been overlooked and. this is just a beginning it is going to be tough to rem

. >> i am on the hook for two loans i cosigned with people.em this woman died in a boat accident and they are still trying to make me pay it. >> who else should pay? >> that's what happens. >> that's what you did. >> is that right? >> we have such a great fantastic show coming up. do you have any co-workers who spent hours in the office shopping on-line? what about checking twitter, facebook or i can't say per's home page they are called cyber loefrs he will try to get them back to work. [ male announcer ] research suggests cell health plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur in the middle of the night it

gave up half a million for me to start my company, cosigned, for a ton of equipment. seven months later he allowed me to buy him out. years later, i continued to grow and grow and grow. >> amazing. >> until 2008. >> you built up this $13 million business. and then you literally almost lost it overnight in the big crash of '08. >> it was interesting. four months before the crash, tony calls me and says, mike, you need to prepare. and as everyone in the country kept saying, we're strong. the economists are saying, we're strong. i didn't listen to him. i should have listened to him. >> why wouldn't you listen to tony robbins? >> things were going great. >> that was mainly thanks to him. >> i know. that's true. overnight, as you know, the economy collapses. the metal business completely collapses. >> when that happened to you, and having gone from literally nothing, you were a homeless guy to $13 million business, and then it all disappears, what was that like for you? >> i didn't care about losing the material possessions. i had a 3-year-old son at the time. he's now 7.

i couldn't cosign for my children's student loans. and i'd worked hard for my credit, i was...these people were taking it away from me. >> kroft: finally, judy thomas took the only recourse available to her. she sued equifax and transunion in federal court. and after a year-long battle, the credit reporting agencies settled for an undisclosed sum and promised to clean up her file. did you think it was going to take a federal lawsuit? >> thomas: heck, no. it just takes-- it just takes a human being going, "wow, this isn't judith kendall. let me fix this." that's all they had to do. >> kroft: but as we discovered, that almost never happens. if you challenge a credit report and mail your information to a post office box in the united states, the dispute will likely be investigated in india, or the philippines, or south america. we traveled 5,000 miles to the chilean capital of santiago, where we tracked down three former experian employees. carolina hererra, rodolfo carrasco and enzo valdivia were all dispute agents at experian's national consumer assistance center, although they

jackson had first tried to protect his wife and mother of their two young children but couldn't as she cosigned tax returns understating their income. in the end his resignation from congress and guilty plea may have led to much less serious tax fraud charges against her. both apologized in statements issued last week and are hoping his mental disability and their strong records of public service will convince the judge that their fall from grace and perhaps token time in jail for him may be punishment enough. charlie, gayle? >> jay speaking of the judge, how much discretion does he have? >> total discretion charlie. as you know he has the ability, responsibility to accept or reject that plea agreement and then after a presentence investigation he'll decide which of the range of sentences from probation to five years in jail from him, from probation to about a year and a half in yale for her will be the actual sentence in the case. >> jay levine thank you. >>> general john adams will not be the next commander of u.s. and nato forces in europe. in a surprise move the former commander in afghanis

his mom refused to cosign his letter of intent because he didn't pick the university of miami. runningbacks in the country, and on national tv he changed his mind and said he would play for arkansas. his mom and everybody else thought he would choose the u. she split midpress conference without signing the papers. she said i'm out of here. mom's grand plan did not work. espn is reporting mom will sign the papers so her son can play at arkansas. so as it goes, defending champion alabama, the rich get richer was the big winner, they took home the top recruiting class, ohio state is second, florida rounds out the top three. old miss had a great showing signing the number one player in high school football. scary moment on the show the ultimate fighter, kicked in the head, he is out cold. he said he might have killed him and thought he would be arrested. thankfully sella was not seriously injured. with all of the focus in the nfl on concussions, mixed martial arts leagues have to cross that bridge like the nfl is in the very near future. for all entertaining sports news go to bleac

so now you bring in -- justify and cosign you biased. same thing happens in racial hire i can. people bringing in it wasn't the fast stuff messed up. it was the slow stuff that got us screwed up. the philosophical predicate for the extension of white supreme as an ideal to dpoasht -- negotiate the tensions in civil and social culture. as professor daveys pointed to. it's so thought it was infused with tremendous bias. it perpetuated a legacy of equity. we have to figure out a ways which we can challenge that from within and as mr. harris reminded us. we're not trying to tell white folk you're the bad, horrible, but it's interesting to me that a society teaching us to be responsible don't want to be responsible. right. pull yourself up by your boot strap. face yourself in the mirror and confront your limitation. yes, when we point and say can we share that? all of a sudden, you people never can be satisfied. never can be, you know, resolved in your own minds about this. yet, when we point to a more scientific, if you will, more critically analytical framework that allows us to t

one of the cosigners of that report was chuck hagel the next secretary of defense. >> bill: the votee. here we are. 2:30 this afternoon, the committee is going to vote on its recommendation. whether or not it will recommend senator hagel to the floor to be the next secretary of defense. you've been very involved, supporting senator hagel. what's your vote count? >> he'll pass -- he'll be a party line vote in the committee. i don't see any republicans voting for him in the committee but he still passes the democrats have a two-vote majority and then there will be a lot of posturing by the republicans. some have vowed to block his vote on the floor threatening a filibuster. >> bill: lindsey graham, whoop-de-do. >> no cabinet nominee has ever been filibustered in u.s. -- in modern u.s. history. we could expect a floor vote probably on thursday. he will get at least 57 votes we know for sure. i'm expecting some were in the mid-60s. i think a number of republicans will vote for him. maybe even john mccain who has not yet announced. >> bill: inhoff has said, senator inhoff that he might an

with the implementation of the initiative bonus cosigned, physicians have been reduced and upon completion, more than 50% will offer the public six or less hours of service. american access to post offices will be based on work hours with both postmaster organizations working with the postal service to save universal service by reducing post office hours to earn workhours. convenience and accessibility will be in your hands. let me know that revenue generation must be included and legislative relief. congress should enable the postal service to expand a variety of products that can be mailed to include wine and spirits and future legislation should authorize greater pricing flexibility within its dominant classes of mail. the postal service must be in a position to capture a significant share of it. it provides a major competitive advantage to the postal service's participation in the partial market. it is crucial they partner with other federal agencies and municipal government in delivering essential government services. for example, we understand social security administration is explor

the hours are going to reduce, showed cosigners if the base has five of them, two of them may close. i mean, those are the kinds of impacts that are going to have been. .. and this is part of it. we sent airmen, marines to deploy our notice ends they want to take care of their families. we are going to have to cut some programs. .. we i him him him him him him. >> this is a fantastic question. when we get together come our conversations don't start, we are talking about our plans and we talk about soldiers and airmen, marines, guardsmen, we talk about the impact on the families all the things that are important to our people. a the problem is that 31.5 million man-hours overload workforce is awfully tough to mitigate. that is where we need help. we cannot control that. now, the other thing that i mentioned is that the workforce is someone else we should have been keeping track of. they haven't had pay raises. now we are going to take 20% of the fiscal payraise. this is an important part of what we do, not just in this active department, but in the guard and reserve as well. i have be

you are a cosigner. your kids are in college. those are the types of things that really add up. you may want to avoid that also, car and house concerns. is your house making a crazy noise? is your roof leaking. these are going to cost a the love money to get that up and going. don't make any rash decisions? are you recently divorced or widowed and the last thing that came up on my research really and this really is just so obvious. are you passionate about what you are doing? are you an entrepreneur. are you a ceo? are you a professor? is it the kind of thing if you went to a party hey, aren't you the guy who used to own that great italian restaurant? weren't you the ceo of that company that -- you know, whatever. if you are going to go to a party and someone is going to say that to you and that's just going to kill you, then you probably should stay on and stick with what you are passionate about. >> that's a great point. some so many people do look at retirement brass ring aiming for. your identity is wrapped up in your career. i think people underestimate how sometimes empty

so now you bring in god in to justifying cosign your bias. now same thing happens in racial hierarchy. people bringing in. it wasn't the fast thought withs that messed up. it was the slow thought that got us screwed up. emanuel conn david hume. philosophical predicate for the extension of white supremacy as an ideal to negotiate the tensions in civic and social culture as professor davies pointed to, that slow thought, that analytical thought, was itself infused with such tremendous bias that it perpetuated a legacy of inequity. so now we have got to figure out the ways which we can challenge that pro within and, as mr. harris has reminded us we're not trying to tell white folk irthe bad person and you're horrible and so on so forth but it is interesting to me that a society teach us to be responsible don't never want to be responsible, right? pull yourself up by your boot straps. face yourself in the mirror and confront your own limitation it says. yet when we point and say, can we share that, all of a sudden, you people never can be satisfi

with the implementation of the initiative bonus cosigned, physicians have been reduced and upon completion, more than 50% will offer the public six or less hours of service. american access to post offices will be based on work hours with both postmaster organizations working with the postal service to save universal service by reducing post office hours to earn workhours. convenience and accessibility will be in your hands. let me know that revenue generation must be included and legislative relief. congress should enable the postal service to expand a variety of products that can be mailed to include wine and spirits and future legislation should authorize greater pricing flexibility within its dominant classes of mail. the postal service must be in a position to capture a significant share of it. it provides a major competitive advantage to the postal service's participation in the partial market. it is crucial they partner with other federal agencies and municipal government in delivering essential government services. for example, we understand social security administration is explor