Deputy Attorney General James Cole
Thousands of nonviolent federal prisoners are expected to take up an offer by the Obama administration to apply for early release. It’s an effort to deal with high costs and overcrowding in prisons, and also a matter of fairness, the government says.
Continue reading… “U.S. weighs clemency for thousands of inmates jailed for 10 years”
Millions of former students are struggling under the weight of loans.
There are millions of students who are senselessly defaulting on their student loans while failing to take advantage of programs meant to protect them financially. And chances are, it’s the poorest, least sophisticated borrowers who are suffering worst.
Continue reading… “New statistics prove our student loan system is broken”
One quarter of students defaulted within 3 years of starting repayment on their college loans.
About one-quarter of students who took out federal loans to attend for-profit colleges defaulted within three years of starting repayment, according to a new federal analysis.
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