Two-thirds of undergraduate students are in debt when they graduate from college, according to the National Postsecondary Student Aid Study conducted by the National Center for Education Statistics and the U.S. Department of Education. Depending on your type of loan, the federal government may pay the interest on it during your deferment period. But if you can't make a monthly installment, you will need to contact your lender or servicer (the company that owns your loan) to discuss the problem. It's easy to think now that a $200-a-month payment won't be a big deal, says Hilmer, but those payments can take a big chunk out of your monthly income. There's also a financial incentive for paying back your loans on time: many lenders will give a 1% discount or more to students who make consecutive regular payments..
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Default loan recovery
Financial Express - However, while stepping harder on the pedal for recovering default loans, it should be recognised that not all are in the same boat as regards their ability to repay or the intention to do it. There were instances of some individuals of dubious ... Read more...
India, Sri Lanka Boost Steps to Stop Arms Smuggling (Update2)
Bloomberg - Indian authorities stopped an LTTE boat off the Tamil Nadu coast on Fed. 13 carrying a cargo of explosives, Rambukwella said yesterday. Two jackets to be used by suicide bombers were also found in the vessel, he said. The seizure of the ... Read more...
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