Would Forgiving Student Loans Stimulate the Economy?

Mark Kantrowitz / Publisher of FinAid and FastWeb – August 09, 2009

Several grass-roots groups were established on Facebook in early 2009 calling for the cancellation of all student loan debt under the theory that this will stimulate the economy.

Most noteworthy is the group Cancel Student Loan Debt to Stimulate the Economy (see also www.forgivestudentloandebt.com) founded by Robert Applebaum, a New York attorney. This group has grown to have more than 220,000 members in just seven months. Another group, Stimulate the Economy — Forgive Student Loans is running a petition drive and has collected more than 40,000 signatures. (Read the article)

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Found this article on MSN Money.

Your lifestyle may hurt credit score

Lenders might be monitoring your behavior via your credit card spending — and certain purchases could cost you. By BusinessWeek

Most borrowers know a late payment or high outstanding balance can hurt their credit. But what about frequenting a massage parlor, retreading a tire or visiting a marriage counselor? Such activities count, too, according to a suit filed June 10 by the Federal Trade Commission in Atlanta federal court against card issuer CompuCredit. (Read the article)

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