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Canton (Hartford, Connecticut)

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    Feb 3, 2013 |Column| Chicago Tribune
  1. Never too early to plan for college expenses

    Look at your cute baby, and imagine the little tyke wearing a high school cap and gown about 17 years from now. Picturing the child holding a diploma, when he or she can't even hold a rattle yet, is probably next to impossible. But that day will come....

    Tags: Labor Legislation, Intel Corp., Kohl's, Teaching and Learning, 401K

  2. May 14, 2013 |Column| Los Angeles Times
  3. BofA cuts 2 million customers loose

    It's long been a basic tenet of the business world: You give us more business, we'll reward your loyalty with better deals.
    It's long been a basic tenet of the business world: You give us more business, we'll reward your loyalty with better deals. That's how cable companies operate with their service packages. That's how phone companies work. And until now, that's pretty...

    Tags: Economy, Business and Finance, American Express Company, Countrywide Financial Corp., Mortgages, Marketing

  4. Apr 20, 2008 |Column| Los Angeles Times
  5. Sizing up college financial aid packages

    One of the many challenges of sending a child through school now sits in a pile on Joseph Han's desk.
    Los Angeles Times Staff Writer
    One of the many challenges of sending a child through school now sits in a pile on Joseph Han's desk. Han, a Garden Grove legal assistant, is the father of an honors student at Pacifica High School in Orange County who was accepted at a litany of...

    Tags: Money and Monetary Policy, Teaching and Learning, Employment, Finance, Employment Opportunities

  6. Dec 8, 2012 |Column| Allentown Morning Call
  7. Relief available for botched foreclosures

    The calendar year is running out, and so is your time to possibly reverse or suspend your foreclosure or even collect a windfall if your bank didn't play fair when it tried to take your home. If you faced foreclosure actions in 2009 or 2010 by one of...

    Tags: EMC Corporation, Office of the Comptroller of the Currency, Wachovia Corp., HSBC Holdings plc, Mortgages

  8. Dec 23, 2012 |Column| Los Angeles Times
  9. Lenders may forgive disabled borrowers' student loans

    Dear Liz: We have a family member who recently was approved by Social Security for a complete disability claim. This person will never work again but has an outstanding student loan. The lender has a formal mechanism to apply for loan forgiveness, but...

    Tags: Economy, Business and Finance, Social Security, Internal Revenue Service, Health Insurance Cost, Human Interest

  10. Jan 22, 2013 |Column| Orlando Sentinel
  11. The amazing grace of it all

    WASHINGTON -- President Barack Hussein Obama's second inauguration was every bit as historic as his first -- not because it said so much about the nation's long, bitter, unfinished struggle with issues of race, as was the case four years ago, but...

    Tags: White House, Debt Market, Heads of State, Christianity, Health Care Reform (2009)

  12. Oct 26, 2011 |Column| KTLA-LTV
  13. columnist 123

    WASHINGTON Advertisement President Barack Obama is outlining a plan Wednesday to allow millions of student loan recipients to lower their payments and consolidate their loans, in hopes of easing the burden of the No. 2 source of household debt. The move to assist struggling graduates and students could help Obama shore up re-election support among young voters, an important voting bloc in his 2008 campaign, and appeal to their parents, too. Student loan debt also is a common concern voiced by Occupy Wall Street protesters. The loans have become particularly painful for many amid the nation's economic woes, high unemployment and soaring tuition costs. They are second only to mortgages as a portion of Americans' debt, coming in ahead of credit cards. Obama's planned announcement in Denver comes the same day as a new report on tuition costs from the College Board. It shows average in-state tuition and fees at four-year public colleges rose $631 this fall, or 8.3 percent, compared with a year ago. Nationally, the cost of a full credit load has passed $8,000, an all-time high. The White House said Obama will use his executive authority to provide student loan relief in two ways. First, he will accelerate a measure passed by Congress that reduces the maximum required payment on student loans from 15 percent of discretionary income annually to 10 percent. The White House wants it to go into effect in 2012, instead of 2014. In addition, the White House says the remaining debt would be forgiven after 20 years, instead of 25. About 1.6 million borrowers could be affected. Second, he will allow borrowers who have a loan from the Federal Family Education Loan Program and a direct loan from the government to consolidate them into one. The consolidated loan would carry an interest rate of up to a half percentage point less than before. This could affect 5.8 million borrowers. Education Secretary Arne Duncan told reporters on a conference call that the changes could save some borrowers hundreds of dollars a month. "These are real savings that will help these graduates get started in their careers and help them make ends meet," Duncan said. The White House said the changes will carry no additional costs to taxpayers. Last year, Congress passed a law that lowered the repayment cap and moved all student loans to direct lending by eliminating banks as the middlemen. Before that, borrowers could get loans directly from the government or from the Federal Family Education Loan Program; the latter were issued by private lenders but basically insured by the government. The law was passed along with the health care overhaul with the anticipation that it could save about $60 billion over a decade. The law change was opposed by many Republicans. At a hearing Tuesday, Rep. Virginia Foxx, R-N.C., who chairs a subcommittee with oversight over higher education, said it had resulted in poorer customer service for borrowers. And Senate Republicans issued a news release with a compilation of headlines that showed thousands of workers in student lending, including those from Sallie Mae Inc., had been laid off because of the change. Today, there are 23 million borrowers with $490 billion in loans under the Federal Family Education Loan Program. Last year, the Education Department made $102.2 billion in direct loans to 11.5 million recipients. Increases in federal aid have helped ease the burden on students dealing with tuition increases, the White House Council of Economic Advisers said in a report Wednesday. "Despite large increases in the published price of college over the past four years, the average student has not seen commensurate increases in the net price of college, defined as the published price minus grants, scholarships and tax benefits," the report said. Meanwhile, the Education Department and the Consumer Financial Protection Bureau announced a project Tuesday to simplify the financial aid award letters that colleges mail to students each spring. A common complaint is that colleges obscure the inclusion of student loans in financial aid packages to make their school appear more affordable, and the agencies hope families will more easily be able to compare the costs of colleges. Separately, James Runcie, the Education Department's federal student aid chief operating officer, told Foxx's congressional panel that the personal financial details of as many 5,000 college students were temporarily viewable on the department's direct loan website earlier this month. Runcie said site was shut down while the matter was resolved, and the affected students have been notified and offered credit monitoring. Copyright 2011 Associated Press. All rights reserved. This material ma
    WASHINGTON Advertisement President Barack Obama is outlining a plan Wednesday to allow millions of student loan recipients to lower their payments and consolidate their loans, in hopes of easing the burden of the No. 2 source of household debt. The move...

    Tags: White House, Virginia Foxx, Protest, Teaching and Learning, Barack Obama

  14. Nov 25, 2012 |Column| Los Angeles Times
  15. Can heir avoid capital gains taxes on sale of parents' home?

    Dear Liz: My wife and her brother are selling their parents' home. The parents transferred the deed to their children's names years ago. My wife should receive about $85,000 from the sale. Our yearly income (one salary; she's a stay-at-home mom) is around...

    Tags: U.S. Department of Education, Realty, Real Estate, Services and Shopping, Fiscal Cliff

  16. Nov 22, 2012 |Column| Chicago Tribune
  17. Funding a big capital improvement project

    Let's say your 120-unit community association next year is facing a huge capital expenditure that includes new roofs and siding. The bill is expected to run more than $600,000. How will you pay for it? Good question. Ideally, you have a fully-funded...

    Tags: Economy, Business and Finance, Realty, Real Estate, Banking, Services and Shopping

  18. Jan 6, 2013 |Column| Chicago Tribune
  19. Housing issues that bear watching in 2013

    The Chicago area's housing market saw the ever-so-small beginnings of a turnaround last year, as excess inventory started to be absorbed and price declines moderated and even showed improvement in some areas.
    The Chicago area's housing market saw the ever-so-small beginnings of a turnaround last year, as excess inventory started to be absorbed and price declines moderated and even showed improvement in some areas. On New Year's Day, the Mortgage Debt...

    Tags: Pat Quinn, Cook County Government, Chicago Mortgages, New Year's Day, Real Estate

  20. Jan 18, 2013 |Column| Chicago Tribune
  21. Research cites parallels of debt and depression

    Does your debt nag at you and make you miserable? A researcher has now put a number to the emotions. He has quantified just how much debt drags some people down. Lawrence Berger, a University of Wisconsin at Madison associate professor of social work,...

    Tags: Debt Market, Career and Workplace, Retirement, University of Wisconsin-Madison, Research

  22. Jan 15, 2013 |Column| Los Angeles Times
  23. Argentina is cautionary tale as U.S. debates debt limit

    You know all those warnings about how America's addiction to deficit spending is going to make us look like Greece?
    You know all those warnings about how America's addiction to deficit spending is going to make us look like Greece? Stop worrying. The bigger concern should be that America will look like Argentina. That could happen, theoretically, if the...

    Tags: Justice System, Debt Market, U.S. Congress, Barack Obama, Crime, Law and Justice

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