The Consumer Financial Protection Bureau
Last week, interest rates on new federal student loans jumped higher.
Interest rates for loans taken out between now and June 2015 will be:
4.66% for direct subsidized and unsubsidized loans for undergrads
6.21% for direct unsubsidized loans for grad/professional students
7.21% for Direct PLUS Loans for parents and grad/professional students
And the Perkins Loans rate remains fixed at 5%
Millions of students and families across the country have reviewed their financial aid offers and are deciding how to pay for college. We’ve updated our Paying for College tool with these new rates so you can have a better estimate of what your monthly payment might be after graduation.
Estimate your monthly payments after graduation: consumerfinance.gov/paying-for-college
With the increase in rates for federal student loans, a number of students have asked us whether they should consider private student loans. For most people, federal student loans are still a better deal than private student loans, so you'll want to take advantage of federal options first.
Student Loan Ombudsman
Consumer Financial Protection Bureau
P.S. Not an aspiring college student? Forward this email to someone who could use this tool to estimate their monthly payments after college.
In The Nation
I want to add my thanks to J------'s for all your help with resolving the issue regarding the truck she bought. It was clear the entire time we worked with you that you were totally on the same page as we were. Not only did we want our money back but we wanted to put a crimp (if ever-so-small) in this guy's business operations.
You can be sure we will use you in the future, if it ever becomes necessary, and share your competence and compassion with our friends and family.
So, thanks again.
Saw a great comment today by a lawyer who is struggling hard to solve a very difficult (and, now, expensive) estate administration problem involving title to real property.
The problem was created by the now-deceased parents of his clients; those parents probably saved all of a few hundred bucks on lawyer fees by doing their own estate planning.
The lawyer's comment:
"You don't always get what you pay for, but you seldom get what you don't pay for."
One of the most common things old geezers like me say when they look back at high school is
"Why didn't someone tell me this!?!
It would have saved me so much hassle. How come nobody warned me?"
If you've reached age 18, grad or not, there are some pretty important things you need to take care of in the legal department.
But nearly every young adult has no idea what those key things are.
That's why I am offering "Adult Life 101" for all 18 year olds, especially new grads.
For just $50, I'll give you some key information and take care of a few "must do" legal things, so you can be better prepared to start the next chapter of your life, whatever direction you go. You can do this on your own, or you can bring your parents or a friend if you want. Call for an "Adult Life 101" appointment.
This lets you know if there are any class action suits where you might want to file a claim. Great idea.
I get a pretty good marketing newsletter but today the writer talked about his readers wanting to make "a quantum leap" professionally.
That usage means the writer has no idea what a quantum leap is (and therefore has violated the rule against writing with words you don't understand). Worse, he also violated George Orwell's great rule about never using an expression you've heard before when you write.
And it made me as grumpy as the furry guy up there. The reason this matters is that words are a lawyer's tools. When you need a lawyer, you need one who respects his or her tools and uses them thoughtfully, avoiding cliches and trite expressions while seeking to get the most meaning delivered to the reader with the fewest number of words.
The marketing guy wrote:
Quantum leaps are the last thing anyone who seeks personal or professional growth should want — not only are they incredibly incredibly incredibly tiny leaps, they are (by definition) only between fixed levels, and each step is only do-able when a higher level up is unoccupied.
Would you limit your own growth to tiny steps, and then only be allowed to make each one if there is no competitor occupying the higher level?
(BS Nuclear Engineering 1984)
P.S. In other words, “Avoid cliches like the plague.” ;^)
New head of Public Justice on a very misunderstood topic, one that the captive corporate press will never get right:
Media Matters . . . blogs videos and whatnot are incredibly well done and professional. They simply do fantastic work. They take important progressive issues and make them entertaining, and educate people and change minds.
Just today, they’ve released a video explaining why class action lawsuits are important, how they help workers and consumers, giving several examples. I’m honored and excited to have been interviewed extensively in the video, although they’ve added in a lot of clever animation, music, motion, photos, news articles, etc., so it’s not just a talking head, it’s something aimed at reaching a broader audience.
Here’s a link to the video:
I make my reference library on nonprofit governance and fundraising available for free loan to nonprofit boards and executives -- click the image above to go to my library catalog, where you can browse the many titles (look for the tags that interest you to sort through the 300+ titles; you can start with fundraising and nonprofits).
Oregon Adds Statewide Abuse Reporting Line:
Today we are happy to announce that Oregon has added another option for reporting suspected abuse of children and vulnerable adults. All our regular local hotline and reporting numbers will continue to take reports as usual, but we have added a single statewide number that provides another way to make these important reports. Oregon's abuse reporting hotline for children and adults, (855) 503-SAFE [855-503-7233], is up and running, and it provides callers with the ability to report suspected child abuse, elder abuse, abuse of people with physical or developmental disabilities, and abuse of people with mental illness or those experiencing a mental health crisis.
Callers will be directed that if the report is an emergency requiring immediate attention, to hang up and dial 911. If it is not an emergency, then callers will work through a simple phone tree to ensure their report gets to the right place for response, based on zip code and characteristics of the person they are calling about. Calls can be answered in English or Spanish. Once the calls are routed through the phone tree, they will be directed to local DHS or county offices for Child Protective Services and Adult Protective Services, County Developmental Disability Programs (CDDP) or County Mental Health Programs (CMHP) for response. Not all areas of the state will have a live person to take reports after hours, and some locations will provide voicemail reporting options.
All local hotline and reporting numbers will continue to take reports as usual, and the new line adds a single call option for those who want to use it. Oregon's abuse reporting hotline for children and adults is the result of two legislative workgroups, one on child welfare and one on elder abuse, which recommended a single hotline option to simplify reporting for Oregonians who are not familiar with the abuse reporting process. Mandatory reporters are often well aware of local reporting and hotlines and are responsible for most of the reports we receive. Citizens who may only make one or two calls in their lifetimes can be overwhelmed by the seeming complexity of agencies and numbers from which to choose.
(855) 503-SAFE [855-503-7233] will solve that problem by providing a single phone number anyone can call from any community in Oregon!