Student Debt Rising

More and more students take on student loans to get college educations. Who can argue against being better educated? The problem is that the cost of a college education has risen so high that many graduating students are saddled with massive debts that they will have trouble getting out from under. At over $1 trillion and still rising, the heavy weight of student loan debt should not be ignored.

In recovering housing market, the starter home remains elusive

NEW YORK/LOS ANGELES Seeking a yard for her two dogs and proximity to her new government job, Alison Owen set out to buy a home this spring in the hot market of Austin, Texas.

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Amazon enters student loan business in partnership with Wells Fargo

Amazon.com Inc is entering the student loan business in a partnership with Wells Fargo & Co, the companies announced Thursday.

The deal calls for Wells Fargo to shave half a percentage point from its interest rate on student loans to Amazon customers who pay for a "Prime Student" subscription, which provides benefits such as free two-day shipping and access to movies, television shows and photo storage.

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Big U.S. banks to take on tech rivals with instant payments

NEW YORK Depositors at some of the largest U.S. banks are finally going to get the chance to do something quick and simple: send money to another person's account instantaneously by mobile phone.

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U.S. housing market seen strong enough to handle Fed rate hikes: Reuters poll

Newly constructed houses built by Lennar Corp are pictured in Leucadia, California March 18, 2015.
Reuters/Mike Blake

WASHINGTON The U.S. housing market is probably strong enough to stand up against an interest rate hike by the Federal Reserve this year, with stabilizing home prices supporting sales, a Reuters poll of top economists showed on Wednesday.

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Student debt at all-time high of $1.2 trillion

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U.S. student debt has climbed to an all-time high, despite a decrease in consumer debt for all other major lending categories such as automotive debt, credit card and home equity loans. Behind mortgages, student loans are the second largest debt class.

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