9 Student Loan Rights You Should Know

“It is in everyone’s best interest to address this problem and make a concerted effort to lessen the burden that student loans are having on generations of American consumers.” ASA says the federal government should increase funding for college financial aid grants and should keep interest rates on student loans low. The group also encourages states to improve funding for public colleges. In the private http://www.obamastudentloanforgiveness.net/ sector, ASA suggests businesses help their workers pay off their debt, with an eye toward employee retention. Private student lenders should at the same time offer more flexible repayment options for borrowers, the group said. Sixty percent of the survey respondents said they were confused about their student loan paperwork and 69 percent didn’t understand their repayment options. Colleges and universities were not spared criticism in the report.
Source: http://www.huffingtonpost.com/2013/09/24/student-debt-impact_n_3983321.html

This is in marked contrast to the housing market, for example, which has a robust refinancing industry. While all of these reforms entail complications and trade-offs, they are eminently doable. The Student Loan Ranger feels the bureau’s efforts to alleviate the unnecessary stress and suffering of far too many private student loan borrowers may also help improve the economic prospects of all of us. Isaac Bowers is a senior program manager in the Communications and Outreach unit, responsible for Equal Justice Works’s educational debt relief initiatives. An expert on educational debt relief, Bowers conducts monthly webinars for a wide range of audiences; advises employers, law schools, and professional organizations; and works with Congress and the Department of Education on federal legislation and regulations.
Source: http://www.usnews.com/education/blogs/student-loan-ranger/2013/09/25/report-suggests-reforms-to-help-private-student-loan-borrowers

Even though more than half of college graduates under age 25 are unemployed or underemployed, there are other reasons to why a TransUnion study found that more than half of student loan accounts are in deferred status: The large loan amounts don’t register with them, says Tom Yarnell, director of financial aid at Otterbein University in Westerville, Ohio. “I don’t think they realize how long it takes to pay it back and the amount they’ll have to pay back,” Yarnell says. “Students at that age level have their eyes on something other than the borrowing amount and are pretty sure they’ll be able to get a job and pay the loan back,” he says. The loan amounts can be overwhelming. Student loan balances increased 75% between 2007 and 2012, with the average debt per borrower increasing by 30% to $23,829, according to the TransUnion study.
Source: http://money.msn.com/debt-management/9-student-loan-rights-you-should-know

CFPB Takes Aim At Sallie Mae For Student Loan Servicing

Don’t worry though; the government has come to save us from what Keynesian economists would call this “market failure” by currently issuing over 90% of student loans. Reminiscent of the housing bubble in which there was an underlying societal myth that everyone should own a home and that all houses were good investments, this bubble is fueled by the myth that everyone should go to college and that all college is a good investment. Just like the housing bubble this is believed by just about everyone until it’s not – and then it’s too late. The culture, and of course government schools, tell the youth (and older displaced workers) that in order to get a good job one only needs to go to college. Colleges, much like the National Association of Realtors during the housing boom, take advantage of this combination of government subsidies, cheap credit and free marketing (propaganda) to fuel a speculative bubble. In the past decade college debt as a percentage of household debt has exploded becoming the second biggest form of household debt outpacing credit card and auto loan debt.
Source: http://www.safehaven.com/article/31254/student-loan-bubble

Student Loan Bubble

Criticizing him for Treasury’s failure to keep families in their homes, she questioned Treasury’s commitment to homeowners.

Ready For A Fight Elizabeth Warren reiterated her desire for a strong Consumer Financial Protection Agency to HuffPost’s Shahien Nasiripour:

“My first choice is a strong consumer agency,” the Harvard Law professor and federal bailout watchdog said in an interview with the Huffington Post. “My second choice is no agency at all and plenty of blood and teeth left on the floor.”

Named Interim Chief Of CFPB In September of 2010, HuffPost’s Ryan Grim reported that Elizabeth Warren was being considered as a candidate for interim director of the Consumer Financial Protection Bureau. Days later the announcement was official. The move allowed Warren to set up the groundwork for the agency immediately without risking a GOP filibuster of her nomination, a response that seemed certain giving the public opposition expressed by some Republican senators. When it came time to put forth an appointment for a longterm CFPB chief, Warren was overlooked, partially because she was seen as unfeasible, but also, HuffPost’s Shahien Nasiripour reported, because she was a divisive figure within the Obama administration:

Ultimately, Warren wanted the job, allies said. And near-united opposition from Senate Republicans — 44 of them signed a letter saying they’d oppose any nominee — should have made it easier for Obama to nominate her, since the Republicans publicly said they wouldn’t support anyone for the role.
Source: http://www.huffingtonpost.com/2013/09/24/cfpb-sallie-mae_n_3985330.html

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Nasdaq Stocks Posting Largest Percentage Decreases

( NASDAQ:PAAS ) Click Here: http://www.growingstockreport.com/Survey.aspx?stock=PAAS&SubId=AW GrowingStockReport.com monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals GrowingStockReport.com is often aware of several large investor awareness campaigns being deployed. Timing is important when trading Small Caps and Penny Stocks. Simply sign up for free and start receiving exclusive alerts. Subscribe Here: http://www.growingstockreport.com/ Disclosure: GrowingStockReport.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment.
Source: http://finance.boston.com/boston/news/read?GUID=25079226

The Nasdaq 100 is made up of the largest and most active non-financial stocks in the larger Nasdaq Composite index. As shown below, the Nasdaq 100 pretty much managed to stay out of trouble throughout August even as other major indices like the S&P 500 and Dow best share to buy now Jones Industrial Average broke below their 50-day moving averages. With this upside breakout to new highs Monday, momentum investors have to be bullish on the QQQs (the ETF that tracks the Nasdaq 100). (click to enlarge) While the average stock in the S&P 500 is still down a couple percentage points since it hit its last all-time closing high on August 2nd, nearly half (47) of the stocks in the Nasdaq 100 are up since then. Below is a list of the Nasdaq 100 stocks that are up more than 1% since August 2nd. As shown, Netflix ( NFLX ) is up the most with a gain of 19.54%, followed by Sears Holdings ( SHLD ) at 17.19% and Tesla Motors ( TSLA ) at 17.03%.
Source: http://seekingalpha.com/article/1683812-nasdaq-100-breaks-out

TSLA, GRPN, AGNC and LULU added to NASDAQ Active Weekly Watch List at EPR

Once the information is accumulated by the SIP, it is distributed back to the exchanges. This is done with the explicit goal of protecting individual investors by ensuring that every investor’s market order is executed at the best price available for a given security in the U.S. exchanges at any given time. NASDAQ halted trading when it detected that the timestamp on NASDAQ messages sent to SIP differed from the timestamp of messages sent from SIP to NASDAQ.
Source: http://www.huffingtonpost.com/irene-aldridge/nasdaq-did-the-right-thing_b_3894022.html

GemShares And NASDAQ OMX Partner To Create GemShares GIGS(TM) Diamond Basket Index

Tiptree Financial fell 6.5 percent to $7.25. Span-America Medical Systems Inc. fell 6.3 percent to $21.07. Intermountain Community Bancorp fell 5.9 percent to $15.00.
Source: http://money.msn.com/business-news/article.aspx?feed=AP&Date=20130909&ID=16880965

Nasdaq: Another week, another glitch

EDT. To access a webcast of the Opening Bell Ceremony and photos of the event, please visit: http://www.vimpelcom.com/#Profile/Understanding-VimpelCom/Hot-topics/ . It is recommended viewers tune in to the webcam at 9:15 a.m. EDT so there is time to troubleshoot in the event of technical difficulties. Prior to 9:20 a.m. EDT, the webcam will show the Tower; at 9:20 a.m. EDT the router will be switched on.
Source: http://finance.yahoo.com/news/vimpelcom-begins-trading-nasdaq-hosts-120000825.html

NASDAQ Did the Right Thing by Halting Its Markets Last Week

and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world’s securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to over 3,300 listed companies worth $6.9 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today.
Source: http://www.marketwatch.com/story/gemshares-and-nasdaq-omx-partner-to-create-gemshares-gigstm-diamond-basket-index-2013-09-09

VimpelCom Begins Trading on NASDAQ and Hosts Opening Bell Ceremony

Morningstar: 2013 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM 2013 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association.
Source: http://money.cnn.com/2013/09/04/investing/nasdaq-trading-glitch/index.html

( NASDAQ:GRPN ) is currently up (+339.62%) from its recent 52-week low, which has prompted Equity Profile Report to add the stock to their NASDAQ Active Stock Watch List and Investor Poll. To find out what other Investors are saying about Groupon, Inc. ( NASDAQ:GRPN ) Click Here: http://www.equityprofilereport.com/Survey.aspx?stock=GRPN&SubId=AW Equityprofilereport.com monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals Equityprofilereport.com is often aware of several large investor awareness campaigns being deployed.
Source: http://finance.boston.com/boston/news/read?GUID=25079202

Exclusive-jpmorgan To Stop Making Student Loans -company Memo

JPMorgan Chase, which has been steadily backing out of the classroom over the past few years, said yesterday it would exit student loans on Oct. 12. Since 2010, when Congress allowed Washington to lend directly to students, government loans have grown to dominate the business owning an 80-percent-plus market share. From 2011 to 2012, Uncle Sam wrote 93 percent of the $105 billion student loans originated, according to Consumer Bankers Association. Reflecting that change, Jamie Dimons JPM has seen revenue from student loans fall from $6.9 billion in 2008 to a pedestrian $200 million, according to bank officials. It is not clear how the exit of the countrys No.
Source: http://nypost.com/2013/09/06/jpmorgan-chase-exits-student-loan-business/

2013. All rights reserved. Most stock quote data provided by BATS. 2013 Cable News Network. A Time Warner Company. All Rights Reserved.
Source: http://money.cnn.com/2013/09/05/pf/college/jp-morgan-student-loans/index.html

The retail bank has some 64 million customers and 5,657 branches. Last year, Chase visit the website made education loans to 12,500 people for a total of about $200 million. The company’s student loan portfolio at the end of June held $11 billion – less than 0.5 percent – of JPMorgan’s $2.44 trillion of assets. The student loan business is not among those that JPMorgan has publicly said are being probed by government authorities for possibly illegal practices. Those under investigation include mortgage banking, credit card collections, rate-setting for floating-rate business loans and hiring for investment banking in China. The Chase portfolio includes $5 billion of private loans and $6 billion of loans backed by government guarantees that were granted under programs that have been discontinued.
Source: http://in.reuters.com/article/2013/09/05/jpmorgan-studentloans-idINL2N0H11A620130905

What Happens to Student Loans When You Die?

With traditional loans, as long as the spouse is not listed as a co-signer or joint account holder, he or she is not legally liable for the debt — unless you live in a community property state. If you live in a community property state and your spouse dies , you’re typically liable for your spouse’s debt, regardless of whether your name was on the original loan or not. Community property states include Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin. Alaska has an optional community property provision for couples who choose to opt into a community property agreement. With student loans, however, the rules are a little different and a spouse’s liability will depend on the type of student loan, whether or not you live in a community property state and your individual state laws. Federal Student Loans If the student loan is a federally backed education loan , a spouse is safe from repayment liability.
Source: http://abcnews.go.com/Business/student-loans-die/story?id=19460467

Technical Trading Snafus Send Stocks Reeling

A computer hiccup at trading firm Knight Capital cost it more than $450 million. Cyber crime, too, is a major worry. In a recent survey, some 53% of the worlds securities exchanges said they had suffered a cyber attack in the past year, according to a paper published by a consortium of world securities regulators and a federation of exchanges. Attacks so far have been best etfs now aimed at disruption rather than financial gain. Still, 89% of exchanges surveyed agreed that cyber crime poses a system-wide risk to world securities markets.
Source: http://www.kiplinger.com/article/investing/T038-C000-S003-technical-trading-snafus-send-stocks-reeling.html

Insider Trading Tips for Medtronic, Hewlett-Packard, Juniper, Kinder Morgan, Bank of America, and Coca-Cola

Next, we look for the RSI to provide us with our entry signals. Notice the two signals provided during this Asia session, an early sell signal and later a buy signal. The RSI provided both of these successful entries during this ranging market almost perfectly. These are the type of setups we are looking to take advantage of and are fairly easy to spot once you’ve practiced a few times. Range Trading the Asia Trading Session You should now be comfortable with employing this strategy as well as understand the logic it is based on. We’ve learned that most of our traders are more successful when they trade during the Asia trading session (a ranging market environment).
Source: http://finance.yahoo.com/news/trading-most-profitable-time-day-190900185.html

Trading glitch, again, for Nasdaq

Last year, the exchange played a role in the botched IPO of Facebook. Investors were left unsure of whether their orders had been filled for hours after trading began, watching helplessly as the price soared and then plunged. The exchange ultimately paid a $10 million fine in a settlement with the Securities and Exchange Commission. In 2010, a so-called flash crash left panicked investors gasping when the Dow lost over 600 points over the course of five minutes, only to recover quickly.
Source: http://www.cbsnews.com/8301-505123_162-57601350/trading-glitch-again-for-nasdaq/

Garces Trading Co. installs a bar, cuts retail

The SEC announced Thursday that Badin Rungruangnavarat, a trader based in Thailand, had agreed to pay $5.2 million to settle charges that he had traded in Smithfield ( SFD , Fortune 500 ) securities based on advanced notice of the deal, earning more than $3 million. Virginia-based Smithfield, the world’s largest pork processor, announced an agreement in May to be acquired by Chinese meat producer Shuanghui International for nearly $5 billion. The U.S. government is currently reviewing the proposed buyout, a process that could wrap up on Friday. If approved, it would be the largest acquisition of a U.S. company by a Chinese buyer.
Source: http://money.cnn.com/2013/09/05/investing/smithfield-insider-trading/index.html

SEC settles with Thai man in Smithfield insider trading case

/quotes/zigman/3811989/quotes/nls/kmi KMI +0.57% : Read Full Report: http://www.insiderslab.com/PR3/090513A/KMI/KinderMorgan.pdf Bank of America Corp. /quotes/zigman/190927/quotes/nls/bac BAC +0.35% : Read Full Report: http://www.insiderslab.com/PR3/090513A/BAC/BankofAmerica.pdf The Coca-Cola Company /quotes/zigman/222647/quotes/nls/ko KO -0.78% : Read Full Report: http://www.insiderslab.com/PR3/090513A/KO/Coca-Cola.pdf Insider Filing Source Reference: All observations, analyses and reports are based on public information released by the U.S. Securities and Exchange Commission. About Insiderslab.com: Insiderslab.com covers insider trade data in major stock markets in the U.S., Hong Kong, Mainland China, and Singapore.
Source: http://www.marketwatch.com/story/insider-trading-tips-for-medtronic-hewlett-packard-juniper-kinder-morgan-bank-of-america-and-coca-cola-2013-09-05

Trading the Most Profitable Time of Day

Michael Klein, Philly.com Posted: Thursday, September 5, 2013, 3:49 PM Garces Trading Company in the Western Union building at 1111 Locust St. on Saturday, Sept. 7 will roll out an 18-seat bar – in effect converting what had been a hybrid market-cafe into a more conventional restaurant. The bar, to the left as you walk in, replaces the retail counter that sold cheeses, breads and charcuterie from GTC’s opening in February 2010. The shelves along the edge of the dining area will remain with Garces’ line of branded coffees and condiments. Garces Trading opened as a BYOB with a small LCB-run wine shop at the edge of the dining room.
Source: http://www.philly.com/philly/blogs/the-insider/Garces-Trading-Co-installs-a-bar-.html