80
80
Jun 16, 2013
06/13
by
CSPAN
tv
eye 80
favorite 0
quote 0
we are looking at that doubling of the rates on the subsidized stafford loans. chunk ofut a giant student loans that are not even addressed by this issue. the real issue is this overall cost of higher education. there are a lot of things we are talking about addressing. ae of those is the need for transparency, more information for students and parents about what the education is going to cost him what they're going to get for it. we passed a very bipartisan the secretary of education to put together a panel and come back and tell us what is useful information and is it practical to use it. does it address privacy concerns? is it creating a huge burden on colleges and universities. ? the more students and parents know about what it costs and what they can expect to get out of it, i think the better decisions they can make. competitionck to fees. if they can see they can go to for $7,000 year and they have an 80% expectation of getting a job or going to college y for $25,000 a year and there is a 50% expectation, these decisions is a lot easier. there's no questio
we are looking at that doubling of the rates on the subsidized stafford loans. chunk ofut a giant student loans that are not even addressed by this issue. the real issue is this overall cost of higher education. there are a lot of things we are talking about addressing. ae of those is the need for transparency, more information for students and parents about what the education is going to cost him what they're going to get for it. we passed a very bipartisan the secretary of education to put...
110
110
Jun 27, 2013
06/13
by
KQED
tv
eye 110
favorite 0
quote 0
looked like sen tomorrows were close to a deal linking that rate on all new stafford loans to the ten-year treasury note until they hit a roadblock. >>> mortgage applications lowered but applications to refinance existing loans, well, they were much lower. >>> last night, "nightly business report" interest durod to a home buyer racing to buy, eager to buy quickly she's turning to a riskier type of loan, one popular during the housing boom and not alone. diana olick has more. >> reporter: alisha has been frantically touring homes with her realtor to get her family out of the cramped temporary rental since her job transfer, she's running out of time before home prices and mortgage rates rise. >> i feel like we'll be priced out of buying. >> reporter: she's considering a risky adjustable rate mortgage. >> ideally we would do a 30 year fixed but it's depending on the end mortgage payment of what we can afford. we would have to look at an rm potentially if rates rise. >> reporter: record low fixed rates over the past several years pushed arms out of forever n. 2006 they accounted for 36% of ori
looked like sen tomorrows were close to a deal linking that rate on all new stafford loans to the ten-year treasury note until they hit a roadblock. >>> mortgage applications lowered but applications to refinance existing loans, well, they were much lower. >>> last night, "nightly business report" interest durod to a home buyer racing to buy, eager to buy quickly she's turning to a riskier type of loan, one popular during the housing boom and not alone. diana olick...
135
135
Jun 29, 2013
06/13
by
CNNW
tv
eye 135
favorite 0
quote 0
it's subsidized stafford loans. ns for students who can demonstrate some degree of financial hardship. when the loan rates double, those students will end up paying $300 to0 to $3,000 more. >> i am almost $60,000 in debt, which will affect my ability to get a mortgage, to have children, and it will affect what kinds of jobs i choose. >> reporter: columbia junt rachel started out studying drama but skyrocketing tuition costs forced her to drop out. now at age 30 she's only just finished her undergraduate degree. >> we're asking too much of our college students, and we're narrowing the field of who can be a college student in the country. >> reporter: american college grads are more than $1 trillion in collective student loans. as tuition costs continue to soar, rising interest rates could soon be their next headache. interest rates for need-based or subsidized stafford loan were affixed at 3.4%. now that congress hasn't intervened, that rate is scheduled to double. >> i definitely think that doubling the rate to 6.8%
it's subsidized stafford loans. ns for students who can demonstrate some degree of financial hardship. when the loan rates double, those students will end up paying $300 to0 to $3,000 more. >> i am almost $60,000 in debt, which will affect my ability to get a mortgage, to have children, and it will affect what kinds of jobs i choose. >> reporter: columbia junt rachel started out studying drama but skyrocketing tuition costs forced her to drop out. now at age 30 she's only just...
134
134
Jun 23, 2013
06/13
by
CSPAN
tv
eye 134
favorite 0
quote 2
>> i think the issue of the stafford loan program future does deserve a long-term fix. i give him high marks that they try to come out with a proposal that does not have a lurching one year to the next. it started last year with the one-year extension and now we are 10 days away from the rate doubling again. it is not for all students who use the stafford program. it is for the lower income students and family. the president's proposal would try to take advantage of cheap money rates that exist right now. it does have some merits on some portion of it. it is an issue that needs to be handled with care. part of the problem we are dealing with is that it was created back in 2002 with the budget reconciliation act that year that fixed student loan interest rates for stafford at 6.8%, commencing in 2005. that is what we are struggling with to this day. his proposal does try to get us out of this box that we're in right now. it is a good starting point. it is not a finished project. to that extent, i do think the smarter move is to protect the lower rate and give us time to
>> i think the issue of the stafford loan program future does deserve a long-term fix. i give him high marks that they try to come out with a proposal that does not have a lurching one year to the next. it started last year with the one-year extension and now we are 10 days away from the rate doubling again. it is not for all students who use the stafford program. it is for the lower income students and family. the president's proposal would try to take advantage of cheap money rates that...
133
133
Jun 25, 2013
06/13
by
CSPAN
tv
eye 133
favorite 0
quote 0
a large portion of that is stafford loans, subsidized and unsubsidized. the loan rate on those programs are going to double. from 3.4% to 6.8% in just five days. creating an enormous burden on the students who we rely on to grow our economy. they've made the investment. this society has made the investment in them. we need to free them so they can participate more fully in our society. so that they can participate as consumers, so they can participate as small businesses men and women, the entrepreneurs. all of this is possible if we take action. and we must. we owe it to those students, we owe it to the economy, we owe it to our ability to make it once again in america. all of these things come together and the immigration reform, as you pointed out, mr. mark, i'm sorry, that's the person usually with me from new york. but i appreciate you being with us tonight and enge we've closed off this subject. we'll be back next week to talk about making it many america d in america, about jobs, and today we talked about how education fits into the jobs agenda. we'
a large portion of that is stafford loans, subsidized and unsubsidized. the loan rate on those programs are going to double. from 3.4% to 6.8% in just five days. creating an enormous burden on the students who we rely on to grow our economy. they've made the investment. this society has made the investment in them. we need to free them so they can participate more fully in our society. so that they can participate as consumers, so they can participate as small businesses men and women, the...
135
135
Jun 6, 2013
06/13
by
KRON
tv
eye 135
favorite 0
quote 0
democrats want to extend the current 3.4% interest rate on new subsidized stafford loans for two moreile, republicans want to link interest rates to a 10 year treasury note. it is not clear if either proposal has enough votes to move forward. without congressional action, interest rates on is subsidize stafford loans will double to 6.8% on july 1st. >> chrysler is recalling nearly 435,000 ft. suvs to fix air bags and transmission fluid leaks. the automaker will recall more than 254,000 patriot's encompasses from 2010 at the 2012 and the u.s. to fix a software error back because i believe the deployment of the side airbags and seat belt tightening mechanisms. it is also recalling more than 180,000 jeep wranglers from 2012 and 2013 for transmission fluid leaks. the recall comes as today's after chrysler refused a government request to recall more than 2.7 million older model jeeps. >> airlines are making billions by selling a lot more than just your seat. a report by idea works company finds are carriers collected just over $27 billion in extra fees last year. that is more than double w
democrats want to extend the current 3.4% interest rate on new subsidized stafford loans for two moreile, republicans want to link interest rates to a 10 year treasury note. it is not clear if either proposal has enough votes to move forward. without congressional action, interest rates on is subsidize stafford loans will double to 6.8% on july 1st. >> chrysler is recalling nearly 435,000 ft. suvs to fix air bags and transmission fluid leaks. the automaker will recall more than 254,000...
156
156
Jun 30, 2013
06/13
by
CNNW
tv
eye 156
favorite 0
quote 0
tuned stafford loans were fixed at 3.4%. rate is scheduled to double. >> i think doubling the rate to 6.8% would definitely increase default rates because, again, the stoonts receiudents receivi subsidized loans are at the lowest income brackets. >> reporter: while some want to keep it at the3.4% temporarily, others say it should be able to fluctuate with market forces. >> i think there will be a compromise or my guekick it dow road and we will revisit it in another year. >> reporter: it would be a boost for government generatiing $36 billion when congress is scrambling for cash but it could cost students as much as $5,000 more in payment. >> the president and mrs. obama just finished paying off their student loan. the fact they're 40 years old and still paying off student loan debt is really scary. we could be 50 or 60 years old without paying off our student loans. >> politicians have to look beyond their own self-interest. college students like myself and my peers are counting on them. >> the good news is congress can rea
tuned stafford loans were fixed at 3.4%. rate is scheduled to double. >> i think doubling the rate to 6.8% would definitely increase default rates because, again, the stoonts receiudents receivi subsidized loans are at the lowest income brackets. >> reporter: while some want to keep it at the3.4% temporarily, others say it should be able to fluctuate with market forces. >> i think there will be a compromise or my guekick it dow road and we will revisit it in another year....
84
84
Jun 13, 2013
06/13
by
CSPAN2
tv
eye 84
favorite 0
quote 0
but under current law today the unsubsidized stafford loans are at 6.8%. the parent and graduate plus loans are at 7.9%. and my colleague's amendment only covers the subsidized stafford loans that are 39% of all the loans that are administered. so what her proposal says is we're not going to fix it, we're going to kick the can down the road for two more years. and to the parents and to those that don't get subsidized stafford loans we're going to continue to charge you double what we charge other students. now, let me just say if you look at the math where we are is unsustainable. now, i -- i understand that when we voted on a republican alternative last week, it was the alexander-coburn-burr bill where we actually wanted to tie the interest rate on an annual basis to the rate of the ten-year treasury bond. and the advantage was that if you locked that in any given year, that was your interest rate for the entire life of the loan. what students want is predictability. what they want to do is understand how much is it going to cost them for their education.
but under current law today the unsubsidized stafford loans are at 6.8%. the parent and graduate plus loans are at 7.9%. and my colleague's amendment only covers the subsidized stafford loans that are 39% of all the loans that are administered. so what her proposal says is we're not going to fix it, we're going to kick the can down the road for two more years. and to the parents and to those that don't get subsidized stafford loans we're going to continue to charge you double what we charge...
164
164
Jun 18, 2013
06/13
by
KGO
tv
eye 164
favorite 0
quote 0
doubling the interest rate on her federal staffer -- stafford loan would be a burden. >> students don't have options besides grants and loans we're forced. >> government picks up a portion of the rate so that students can financial needs won't have to. if it goes up from the current 3.4%. it projects the government will make a profit. the republicans want a fixed rate. some think the president favored in the past. the democrat wants to freeze the rates for two years its not fair to students and is to-to-students across the country. >> financial professionals worry students will have is to dish out more money to make payments view folks who are are getting out of school looking for a job. loan payments to make. they may not be able to make it if they default now they may not get hired because now, employers are checking your credit rating. >> this would apply only to those under grads either start org continuing education in the fall. so if you've already grad lated -- graduated nothing will change. congress has until july 1 to act. >> well, as it turns out tweeting is not just for birds
doubling the interest rate on her federal staffer -- stafford loan would be a burden. >> students don't have options besides grants and loans we're forced. >> government picks up a portion of the rate so that students can financial needs won't have to. if it goes up from the current 3.4%. it projects the government will make a profit. the republicans want a fixed rate. some think the president favored in the past. the democrat wants to freeze the rates for two years its not fair to...
93
93
Jun 26, 2013
06/13
by
CSPAN2
tv
eye 93
favorite 0
quote 0
loan interest rates. the interest rate on the stafford subsidized loan is set to double on july 1. along with a number of my colleagues, i'm fighting to prevent that from happening and to reach an agreement to protect students and make college more affordable for them and for their families. not long ago, i had a group of student leaders from minscu, the minnesota state colleges and university, they came to my office here in d.c. to discuss college affordability. remember, these are members of the student government of many of minnesota's public colleges and universities. they're the student leadership. there are about 20 of them. i asked them: how many of you work while you're going to school, while you're in college? every one of them put their hand up. i said, okay, how many of you work at least 20 hours a week? most of them. how many of you work 30 hours a week while you're going to school? more than i spebgtd. -- expecte. then i asked how many of you work full time, work 40 hours a week, while you're going to college? a number of them raised their hands. mind you, these are th
loan interest rates. the interest rate on the stafford subsidized loan is set to double on july 1. along with a number of my colleagues, i'm fighting to prevent that from happening and to reach an agreement to protect students and make college more affordable for them and for their families. not long ago, i had a group of student leaders from minscu, the minnesota state colleges and university, they came to my office here in d.c. to discuss college affordability. remember, these are members of...
142
142
Jun 5, 2013
06/13
by
WJLA
tv
eye 142
favorite 0
quote 0
capitol and they want congress to prevent an increase in the interest rate on federal subsidized stafford loans from taking place july 1. last month, president obama held a news conference urging congress to keep student loan rates from rising. >> we have a to a bombshell announcement about the future of a breast cancer fundraising event. susan g. komen for the cure said it will not hold its annual three-date walks in bc and several other cities next year. the race will be held as scheduled in october. the move comes a year after a firestorm erupted after the organizations decision to end donations to planned parenthood. >> i'm sure that had things to do with it. it made fundraising more difficult. it was hard. >> officials say that participation levels in the past five years made it financially difficult to grasp to sustain the huge event. >> nasa will try again to launch a rocket from its facility on virginia's eastern shore. the original launch was postponed because of insufficient time to cool the instruments down to the required temperatures. the launch is it to take place between 11:00 an
capitol and they want congress to prevent an increase in the interest rate on federal subsidized stafford loans from taking place july 1. last month, president obama held a news conference urging congress to keep student loan rates from rising. >> we have a to a bombshell announcement about the future of a breast cancer fundraising event. susan g. komen for the cure said it will not hold its annual three-date walks in bc and several other cities next year. the race will be held as...
138
138
Jun 6, 2013
06/13
by
KRON
tv
eye 138
favorite 0
quote 0
democrats want to extend the current 3.4% interest rate on new subsidized stafford loans for two more. meanwhile, republicans want to leave interest rates to 10 year treasury notes. it is not clear if the proposal has enough votes to move forward. without congressional action, interest rates on a subsidized ethanol will double to 6.8% on july 1st. >> airlines making billions by selling a lot more than just your seat. a report by idea works company finds carriers collect just over $27 billion in extra fees last year. that is more than doubled what airlines brought in for 2009. those fees come from charges for baggage, prior to boarding in seating, and commission base programs. united airlines said the top of the list, collecting more than $5.3 billion for more than any other airline. discount carriers spirit are more revenue from fees and any other airline nearly 40 percent. >> 442 here is another story. girls at the age will be able to buy generic forms of the morning after pill without prescriptions while the federal government appealed the judge's ruling to allow the sales. two vers
democrats want to extend the current 3.4% interest rate on new subsidized stafford loans for two more. meanwhile, republicans want to leave interest rates to 10 year treasury notes. it is not clear if the proposal has enough votes to move forward. without congressional action, interest rates on a subsidized ethanol will double to 6.8% on july 1st. >> airlines making billions by selling a lot more than just your seat. a report by idea works company finds carriers collect just over $27...
117
117
Jun 1, 2013
06/13
by
CSPAN
tv
eye 117
favorite 0
quote 0
stafford loans could double by 2.68% by july 1. rates as high as 10% from some loans from government is highway robbery. teresa from ohio. caller: i have a question that the nation needs to answer. what kind of education system do we need to have for our kids? and ourselves? i'm in my 50's. i'm about to finish my bachelor degree in business management. and, yes, i've taken out loans. i started out at a community college. and i went back to school after being out for 25 years. i will be finishing up this fall. i've had to take student loans out in order to not just pay for my college, but live on. for four year i did not have a job because of the economy. host: were the loans subsidized or not? caller: they are all subsidized. host: what is your interest rate? caller: about 5.927 something. i haven't looked at them late lay. the payback should be based on what your income is at the time you have your first job. which should be not long after you have your degree. host: fix the payback rate depending on your salary is. caller: what yo
stafford loans could double by 2.68% by july 1. rates as high as 10% from some loans from government is highway robbery. teresa from ohio. caller: i have a question that the nation needs to answer. what kind of education system do we need to have for our kids? and ourselves? i'm in my 50's. i'm about to finish my bachelor degree in business management. and, yes, i've taken out loans. i started out at a community college. and i went back to school after being out for 25 years. i will be...
196
196
Jun 6, 2013
06/13
by
WMPT
tv
eye 196
favorite 0
quote 0
the current rate on stafford loans is slated to jump up to 6.8% in less than four weeks unless lawmakers can agree on a new plan. >>> still ahead, the u.s.-china summit. why the meeting tomorrow between these two superpowers means so much for american business. but first, let's look at how the international markets closed today. >>> we begin an earnings surprise. revenues came in better than expected thanks to telecom and other mobile gear. more data means more business for firms. investors pushed the price up of the stock more than 17% to $19.50. disappointing earnings from ann inc. profits plunged 27%, saying cold weather hurt spring sales. it cut its revenue outlook for the year, but says the company is on track for higher profitability. investors were encouraged by that forecast and shares gained 1.5%. >>> a confusing day for investors in soda stream. the stock surged on the report that it's in talks to sell the company to pepsi. but pepsi's ceo told cnbc today the report was untrue. by the close, the home soda maker was up more than 2.5% to $71 and change on heavy volume. >>> four i
the current rate on stafford loans is slated to jump up to 6.8% in less than four weeks unless lawmakers can agree on a new plan. >>> still ahead, the u.s.-china summit. why the meeting tomorrow between these two superpowers means so much for american business. but first, let's look at how the international markets closed today. >>> we begin an earnings surprise. revenues came in better than expected thanks to telecom and other mobile gear. more data means more business for...
94
94
Jun 6, 2013
06/13
by
WBAL
tv
eye 94
favorite 0
quote 0
bad news for college students come and our parents working to pay off those stafford student loans. it looks at the interest rates are going to double starting july 1. lawmakers in washington rejecting two measures aimed at preventing the rate hike. one from democrats, the other from republicans. the plan would have extended current rates for two years, allowing an overhaul prater public and proposal was too late -- link has threatenedt to veto any legislation on raising those stafford loan rates if it reaches his desk. could -- state market former site ofhe the allied chromium plant is vacant right now. the mayor is asking city council to approve more than $100 million in assistance to help fund a project that will include a 23's story skyscraper or -- a 23 story skyscraper. property willthe bring in millions of dollars in economic developments, and improve the quality of life in baltimore. paychecks, families being whole again. getting opportunities and new careers. these families moving into the city. >> those who oppose the tax credit say that the businesses shouldn't be using t
bad news for college students come and our parents working to pay off those stafford student loans. it looks at the interest rates are going to double starting july 1. lawmakers in washington rejecting two measures aimed at preventing the rate hike. one from democrats, the other from republicans. the plan would have extended current rates for two years, allowing an overhaul prater public and proposal was too late -- link has threatenedt to veto any legislation on raising those stafford loan...
108
108
Jun 29, 2013
06/13
by
KGO
tv
eye 108
favorite 0
quote 0
increase on the stafford loan kicks in on monday. >> interest rates on student loans will double from4 to 6.8%. its outrageous, unnecessary and cruel. >> interest rates on student loans are about to double because the president and senate democrats won't resolve this impasse. >> democrats are weary of a house gop bill that would adjust the rates on loans year to year based on the rate of the ten year treasury note plus 2.2%. >> they are trying to use the students to reduce the deficit but in the end, again, nothing reduces the deficit more than investing in education. >> not every democrat is against the concept of tieing the stafford student loan rate to some other index. president obama proposed setting loan rates each year but making them fixed for the life of the the the loan. >> lawmakers are trying to craft a short term fix. they want to keep the current rates in effect for at least two years, retroactive to july 1st. >> do you realize today students have more student loan debt than credit card debt. >> it has been estimated the new rates would add more than $4,000 to the cost o
increase on the stafford loan kicks in on monday. >> interest rates on student loans will double from4 to 6.8%. its outrageous, unnecessary and cruel. >> interest rates on student loans are about to double because the president and senate democrats won't resolve this impasse. >> democrats are weary of a house gop bill that would adjust the rates on loans year to year based on the rate of the ten year treasury note plus 2.2%. >> they are trying to use the students to...
112
112
Jun 7, 2013
06/13
by
KBCW
tv
eye 112
favorite 0
quote 0
. >> the student loan crisis may only get worse if federal stafford loan rates double july 1. >> that in very practical terms means an extra $1,000 for every student loan. >> and many borrowers have more than one student loan. >> it's very scary. that constant worry in the back of your mind. >> john fox, a consumer advocate says the increase will hit well over half a million californians in their pocketbooks and the greatest impact will be on the economy. >> that means over half a billion dollars of money that californians will be spending not on buying their first house, not on starting a business. not on getting married, but rather subsidizing their student loans. g but congress shows no signs of blocking through the partisan gridlock. >> doing something rather than let this happen. >> now it's a waiting game. congress has about three weeks to strike a deal before they adjourn for recess. >> kristen, thank you. and also about half of california college graduates are carrying student loan debt. on average, they owe about $18,000 each. >>> a coalition of students, teachers, and parent
. >> the student loan crisis may only get worse if federal stafford loan rates double july 1. >> that in very practical terms means an extra $1,000 for every student loan. >> and many borrowers have more than one student loan. >> it's very scary. that constant worry in the back of your mind. >> john fox, a consumer advocate says the increase will hit well over half a million californians in their pocketbooks and the greatest impact will be on the economy. >>...
130
130
Jun 22, 2013
06/13
by
KQEH
tv
eye 130
favorite 0
quote 0
theçó current interest ratei] w have been able to hold at thatw low level for stafford loans is set toaintain all future loansw3qñrÑ this level. years and years into the future. we should hold it for a couple of years while weq look at a policy reform during that time. table discussion with college students who are indebt to the student xdloans. what did you learnuÑi th!-od=u& back to your colleagues. >> that was atu the college of marinÑi a few weeks x(p()y that cdiscussion. we heard directly from studnésu o of stress an anxiety this debt overhang is bringing to them and families. t.q"uc))'jz is worth itt( when come out with it. with the record high levels of indebtedness, the job opportunity is not wheree1 we wanted th%lp to be. bargain ofñr higher education these days.ok >> whent( the kidsw3 come out or school with the shinyko diplom and the huge amount of debt, there is a ripple effect throughout the economy.t(é@ >> there is. a couple of years ago, we were talking about the economic overhang of thenb mortgage deb crisis. we have begun to bring that down. as that comes down, c
theçó current interest ratei] w have been able to hold at thatw low level for stafford loans is set toaintain all future loansw3qñrÑ this level. years and years into the future. we should hold it for a couple of years while weq look at a policy reform during that time. table discussion with college students who are indebt to the student xdloans. what did you learnuÑi th!-od=u& back to your colleagues. >> that was atu the college of marinÑi a few weeks x(p()y that cdiscussion....
281
281
Jun 28, 2013
06/13
by
KPIX
tv
eye 281
favorite 0
quote 0
that means subsidized stafford loans will double to 6.8% on july 1st. the house already passed a bill to keep the rates steady. >>> and chocolate chip cookies, ice cream cups, and other goodies have been expelled from schools. for the first time ever, the agriculture department is telling schools what kind of snacks it can serve students. junk food is out, replaced by healthier items like granola bars and low fat tortilla chips that meet nutritional rules. i know it's good and it's healthy. i'm just glad i'm not in school anymore because i look forward to those chocolate chip cookies. >>> hey, it's not bad, granola bars and low fat tortilla chips. >> it's good food. >> it's good for them. the right move to do. >> ashley morrison, way to be a role model. here in new york. >> i'm sorry. >> thank you very much. >>> in sports the cleveland cavaliers make a surprise pick at the top of the nba draft. they pick nlv forward anthony bennett. many believed noel would have been the first picked. noel ended up being drafted sixth by new orleans and then traded to p
that means subsidized stafford loans will double to 6.8% on july 1st. the house already passed a bill to keep the rates steady. >>> and chocolate chip cookies, ice cream cups, and other goodies have been expelled from schools. for the first time ever, the agriculture department is telling schools what kind of snacks it can serve students. junk food is out, replaced by healthier items like granola bars and low fat tortilla chips that meet nutritional rules. i know it's good and it's...
103
103
Jun 1, 2013
06/13
by
KQEH
tv
eye 103
favorite 0
quote 0
interest rates of new subsidized stafford loans, set to go from 3.a4%, to 6.8% in one morning which may put college out of reach for some americans. >> because folks made their voices heard, congress acted to keep interest rates low. they only did it for a year. that year is almost up. so the test is simple. we have to make sure federal student loan rates don't double on july 1st. >> both republican and democrat lawmakers want to avoid the increase, but they can't reach an agreement just yet on how to do it. >>> the organization of petroleum exporting countries or opec as we know, met to decide on what to do on oil prices. they decided not to raise outputooutput over 30 million per day. oil sits right at $100 per barrel, the favored price opec known to desire. >>> coming up, battling cancer. what three of the world's biggest drug companies are doing to fight the deadliest forms of the disease. the top performing sectors this month, and it was a good month for most of us. >>> shares of epizine soared after they raised more than $77 million in the initial public stock offering. shares ope
interest rates of new subsidized stafford loans, set to go from 3.a4%, to 6.8% in one morning which may put college out of reach for some americans. >> because folks made their voices heard, congress acted to keep interest rates low. they only did it for a year. that year is almost up. so the test is simple. we have to make sure federal student loan rates don't double on july 1st. >> both republican and democrat lawmakers want to avoid the increase, but they can't reach an agreement...
114
114
Jun 27, 2013
06/13
by
KNTV
tv
eye 114
favorite 0
quote 0
the government-backed stafford loans will jump from 3.4% to 6.8% on the interest rate if they do nothing. the bill on the table now would link rates to the financial markets which could overt a costly rate hike now. the measure is not going to support and it wopt be supported without stronger protections for students and parents. home depot, the latest retail saying it will no longer list paula deen branded products on its website. this comes after walmart says it's cutting ties with the former food celebrity shaef. they sold cookware and health and fitness products in 4,000 u.s. stores for several years. target, kmart and seers say they are evaluating the situation. tough time for paula deen. back to you. >> very, very tough. bertha, always appreciate you keeping your eye on it for us. we'll check back with you later on. >>> right now i'll check in with meteorologist christina loren who has a look at our warming forecast. >> it's going to be quite a contrast from yesterday. >> a smoker. >> a smoker. we'll cut off the humidity by about half. that's the good news. good morning to you. tem
the government-backed stafford loans will jump from 3.4% to 6.8% on the interest rate if they do nothing. the bill on the table now would link rates to the financial markets which could overt a costly rate hike now. the measure is not going to support and it wopt be supported without stronger protections for students and parents. home depot, the latest retail saying it will no longer list paula deen branded products on its website. this comes after walmart says it's cutting ties with the former...
102
102
Jun 27, 2013
06/13
by
KRCB
tv
eye 102
favorite 0
quote 0
colleague students will take out an estimated $30 billion this year in government subsidized stafford loans according to the department of education. unless congress acts, interest rates will double from 3.4 to 6.8% on july 1st, just four days away. brandon anderson, a senior at georgetown university looking at more than $25,000 in loan debt by the time he graduates is among the millions of college students nationwide anxiously watching and waiting to see what happens to those interest rates. >> rates doubling is not good. it's not good because it takes more money out of not just my pocket but the pockets of millions of other students and shuts out a lot of students, especially lower income students. >> reporter: on capitol hill a compromise to reform the entire student loan program was introduced. a ten-year blueprint for an anticipated $1 trillion of loans over the next decade. all new loans will be seth to u.s. treasury bond rates plus 1.85% for subsidized and unsubsidized under graduate loans. it will be a fixed rate with a cap on those rates for consolidated remaining at 8.25%. >> we'r
colleague students will take out an estimated $30 billion this year in government subsidized stafford loans according to the department of education. unless congress acts, interest rates will double from 3.4 to 6.8% on july 1st, just four days away. brandon anderson, a senior at georgetown university looking at more than $25,000 in loan debt by the time he graduates is among the millions of college students nationwide anxiously watching and waiting to see what happens to those interest rates....
133
133
Jun 28, 2013
06/13
by
KNTV
tv
eye 133
favorite 0
quote 0
at laes for subsidized stafford loans used by the country's lowest income students. the problem, you might imagine they can't agrae on hee on how there. they want to fluctuate. democrats want to cap how fast rates can rise. a football star will remain behind bars. today a judge denied bail to former new england patriots' player aaron hernandez. the 23-year-old appeared in a massachusetts courtroom accused of shooting to death his friend. the prosecution says the evidence is overwhelming including an ammunition clip found in hernandez's home that matched the casings found at the murder scene. hernandez arrested yesterday and promptly was cut by the patriots. police also say he is being investigated in another boston area murder last year. >> festivities for america's cup yacht races get underway next week. the new racing pavilion on san francisco's walter front set to open the fourth of july. bars, restaurants. viewing areas and exhibits. the teams will race in an exhibition the next day with the first rounds of the luis vuitton qualifying match july 7. some racing te
at laes for subsidized stafford loans used by the country's lowest income students. the problem, you might imagine they can't agrae on hee on how there. they want to fluctuate. democrats want to cap how fast rates can rise. a football star will remain behind bars. today a judge denied bail to former new england patriots' player aaron hernandez. the 23-year-old appeared in a massachusetts courtroom accused of shooting to death his friend. the prosecution says the evidence is overwhelming...
118
118
Jun 7, 2013
06/13
by
KPIX
tv
eye 118
favorite 0
quote 0
when it does, interest rates on popular stafford loans will go from 3.4% to 6.8%. >> that means over half a billion dollars of money that californians will be spending not on buying their first house, not on starting aby, not on getting married but, rather, subsidizing their student loans. >> competing bills failed in the senate yesterday. democrats want to extend the current rates for two years. republicans want rates to increase to an average of all federal student loans. >>> a coalition of students, teachers and parents is fed up with conditions at castlemont high. dozens protested in front of the east oakland campus yesterday to voice their concerns to oakland unified. their biggest issues, campus safety, teacher training and dwindling resources. >> we have had consistent instability here at the school repeated decisions by the district without our consent that caused unrest at the school and at the same time, we are not getting the resources that we need. >> castlemont's problems may actually start with students in middle school. this is video of a fight between a teacher and a
when it does, interest rates on popular stafford loans will go from 3.4% to 6.8%. >> that means over half a billion dollars of money that californians will be spending not on buying their first house, not on starting aby, not on getting married but, rather, subsidizing their student loans. >> competing bills failed in the senate yesterday. democrats want to extend the current rates for two years. republicans want rates to increase to an average of all federal student loans....
29
29
tv
eye 29
favorite 0
quote 0
set to double on july first from three point four percent to six point eight percent that's on stafford loans which are the most common type of federally subsidized loans. for the big banks borrowing from the fed directly there is a discount window that allows them to borrow at historically wrote low rates of plain seventy five percent now it's absurd that banks can borrow at point seven five percent homeowners seeking thirty year mortgages are getting three or four percent on their new mortgages and students are going to have to borrow at six point eight percent i mean students are in a very tough position right now where they can't even borrow ahead of time before this july first window change because there's no way to borrow before the school year begins there's no way to lock in the three point four percent interest rate ok and ultimately what this going what this is going to mean for students is that they're going to pay given a typical ten year repayment plan they're going to pay four thousand dollars more that's an increase of one thousand dollars per year in college and i think the av
set to double on july first from three point four percent to six point eight percent that's on stafford loans which are the most common type of federally subsidized loans. for the big banks borrowing from the fed directly there is a discount window that allows them to borrow at historically wrote low rates of plain seventy five percent now it's absurd that banks can borrow at point seven five percent homeowners seeking thirty year mortgages are getting three or four percent on their new...
291
291
Jun 29, 2013
06/13
by
KNTV
tv
eye 291
favorite 0
quote 0
hike affects the estimated seven million students expected to take out new federally subsidized stafford loans this year. >> we're going to cover college costs and your funding options. >> reporter: at this college planning worship near chicago, this family is searching for ways to pay. >> it will be a strain, no question about it . >> reporter: with a daughter starting at depaul university in the fall and a son still in high school, they're struggling through the loan applications. >> we're going to avoid as much as possible going into personal debt to finance a college education. but on the other hand, we don't want our daughter to be in such deep debt. >> reporter: while experts say federal loans are attractive because they're cheaper than private loans, $3.5 billion in private scholarships are also available. but the question is how do you find them? experts say pick a college you can afford, one that will give you money. look into community or local business scholarships. perhaps where your parents work. base your search on the student's strengths and interests. whether it's academic, the
hike affects the estimated seven million students expected to take out new federally subsidized stafford loans this year. >> we're going to cover college costs and your funding options. >> reporter: at this college planning worship near chicago, this family is searching for ways to pay. >> it will be a strain, no question about it . >> reporter: with a daughter starting at depaul university in the fall and a son still in high school, they're struggling through the loan...
85
85
Jun 25, 2013
06/13
by
CSPAN
tv
eye 85
favorite 0
quote 0
loan out next year. so in other words, that freshman that will go to school with my daughter next year who signs up for a stafford student loan program, narrate will not reset from one year to the next. they -- their rate will not reset from one year to the next. they will have a fixed rate using the treasury note baseline. it is a better proposal. the republican bill has a cap in terms of how high these rates can go over time. the president's does not. we need obviously to get both sides to come together and come up with a real comprow nice which comes up with -- compromise which comes up with an important way for the stafford student loan to work. the better course now is to protect the lower rate, give us time to come up with overlapping ideas from both sides of the aisle to fix this problem. let's not let the rates double. let's pass h.r. 15695. let's protect 7 1/2 college students pursue their goals and yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the chair recognizes the gentleman from texas, mr. poe, for five minutes. . mr. poe: mr. speaker,
loan out next year. so in other words, that freshman that will go to school with my daughter next year who signs up for a stafford student loan program, narrate will not reset from one year to the next. they -- their rate will not reset from one year to the next. they will have a fixed rate using the treasury note baseline. it is a better proposal. the republican bill has a cap in terms of how high these rates can go over time. the president's does not. we need obviously to get both sides to...
25
25
tv
eye 25
favorite 0
quote 0
two and a half percent if you were an undergraduate student on the stafford loan three and a half percent if you were a graduate student these would be fixed rates that would each year's alms would have a new fixed rate no cap on these interest rates so they could a few years from now they could be much higher than they are now and on the parent plus loan and grad plus loan it would be a ten year treasury bust four and a half percent instead of three and a half or two and a half percent. you see this is congress's way of kicking the can as you put it earlier are they doing that again with this latest bill do you think well i mean what when interest rates are high people want them to be when there are valan heading up they want to walk them in this fixed rates and we see this again and again and again there are no really new ideas here these hybrid fix variable rate schemes were actually we had them in prior to one thousand nine hundred two so this is just a ongoing flipping from one approach to another approach and it's cyclical ok well talk to me about the fact that students don't necess
two and a half percent if you were an undergraduate student on the stafford loan three and a half percent if you were a graduate student these would be fixed rates that would each year's alms would have a new fixed rate no cap on these interest rates so they could a few years from now they could be much higher than they are now and on the parent plus loan and grad plus loan it would be a ten year treasury bust four and a half percent instead of three and a half or two and a half percent. you...
339
339
Jun 28, 2013
06/13
by
FOXNEWSW
tv
eye 339
favorite 0
quote 0
congress left for july 4th recess and did not reach a bipartisan deal to prevent stafford loans taken out by 7 million students a year. the interest rate gone from the current 3.4 percent doubling to 6.8 percent. that will happen on monday. they could reach a deal in a couple weeks or so and then have it be retro active. that would naming borrow $2,500 more in payments. >> another rate going up mortgage rates the highest in 26 years. >> yup. the 30 year fixed rate this week 4.46 percent. the highest, biggest increase, biggest jump in a week in 26 years. the popular refy option 15 year also rose to 3 and a half percent. what is this doing? we are seeing two things happen. number one a lot of potential home buyers are saying let's stay on the side lines for now the rates are too high. others are saying let's rush to get into the home market measure of home sales came in at nearly a 7 year high last week as investors and home buyers said okay might be time to buy now. >> jon corzine more trouble with ms global? >> more trouble. the head of that broke ridge that made bad bad european detm
congress left for july 4th recess and did not reach a bipartisan deal to prevent stafford loans taken out by 7 million students a year. the interest rate gone from the current 3.4 percent doubling to 6.8 percent. that will happen on monday. they could reach a deal in a couple weeks or so and then have it be retro active. that would naming borrow $2,500 more in payments. >> another rate going up mortgage rates the highest in 26 years. >> yup. the 30 year fixed rate this week 4.46...
189
189
Jun 28, 2013
06/13
by
KGO
tv
eye 189
favorite 0
quote 0
. >> the increase at the stafford loan kicks in on monday. >> interest rates are going to double from 3.4 po 6.8%. it's cruel. >> republicans and democrats blame each other. >> interest rates about to double. >> democrats are wary of a house g.o.p. bill adjusting the rates year to year. >> they're trying to use a student to reduce the deficit but in the end, again, nothing reduces the deficit more than investing in education. >> not every democrat is against the concept of tying the rate to another index. the president proposed setting rates each year but making them fixed for the life of the loan. for months has been pushing for action. >> we can't keep saddling young people with debt as they're starting out in live. >> senate democrats want to keep rates in place at least two years retroactive to july 1. >> do you realize americans have more student loan dead than credit card debt? >> a report estimates the rates would add $4500 to the cost of a four-year degree. >> the parents of a 10-year-old girl who received a double lung transplant revealed she underwent the operation twice aft
. >> the increase at the stafford loan kicks in on monday. >> interest rates are going to double from 3.4 po 6.8%. it's cruel. >> republicans and democrats blame each other. >> interest rates about to double. >> democrats are wary of a house g.o.p. bill adjusting the rates year to year. >> they're trying to use a student to reduce the deficit but in the end, again, nothing reduces the deficit more than investing in education. >> not every democrat is...
98
98
Jun 6, 2013
06/13
by
KRON
tv
eye 98
favorite 0
quote 0
democrats want to extend the current 3.4% interest rate on new subsidized stafford loans for two more meanwhile, republicans want to leak interest rates to 10 year treasury notes. it is not clear if either proposal has enough votes to move for. without congressional action, look at 'em. living on cloud nine with that u-verse wireless receiver. you see in my day, when my mom was repainting the house, you couldn't just set up a tv in the basement. i mean, come on! nope. we could only watch tv in the rooms that had a tv outlet. yeah if we wanted to watch tv someplace else, we'd have to go to my aunt sally's. have you ever sat on a plastic covered couch? [ kids cheering ] you're missing a good game over here. those kids wouldn't have lasted one day in our shoes. [ male announcer ] add a wireless receiver. call to get u-verse tv for just $19 a month with qualifying bundles. rethink possible. you'd love to come home toe . a home that's more joyful. more playful. more you. we listenedn. that's why we are introducinug our all new home store. we have all the brands you knon and exciting new br
democrats want to extend the current 3.4% interest rate on new subsidized stafford loans for two more meanwhile, republicans want to leak interest rates to 10 year treasury notes. it is not clear if either proposal has enough votes to move for. without congressional action, look at 'em. living on cloud nine with that u-verse wireless receiver. you see in my day, when my mom was repainting the house, you couldn't just set up a tv in the basement. i mean, come on! nope. we could only watch tv in...