Chloe Laabs estimates it will take 20 years to pay off her student loans.
The Minnesota Student Association member and University of Minnesota biology, society, and environment sophomore said she’ll graduate with about $41,000 in debt.
Some state leaders have pledged to extend options for student debt relief in the next legislative session and continue the University of Minnesota’s tuition freeze.
A day after University of Minnesota President Eric Kaler proposed to continue a two-year tuition freeze earlier this month, the Minnesota State Colleges and Universities system announced a similar extension.
As interesting as it is that Bill Maher picked one of our congressmen, Rep. John Kline, CD2, for his #FlipADistrict contest, the reasoning is interesting. He explained it on his Sept. 12 Real Time with Bill Maher. The bit I refer to starts around 2:40, where Maher said the issue of student debt inspired most of the votes for Kline, and then he tore into Kline’s record: Continue Reading
Short-term lenders in Minnesota may be capped at the number of loans they can issue to a borrower per year and may have to limit interest rates.
Near the top of anti-poverty groups’ concerns this legislative session are the borrowing problems of people like hard-working Renee Bergeron, a mom of four who dug herself into a hole of debt in part because of a controversial loan practice that is currently legal in Minnesota.
In the fifth grade my teacher, Mrs. Ramacier, picked me to teach a lesson on Minnesota history to the class. I remember it because it was the first time I actually thought about becoming a teacher. After the lesson I was pretty sure that’s what I wanted to do, if I didn’t become a movie star or professional athlete of course. As I grew up and realized professional sports were out of the question, and Hollywood wasn’t looking to promising either it just seemed natural to focus on becoming a teacher. I had it all figured out: go to college to get credentialed and then teach and coach at my Alma mater. It seemed like a great plan. Step one: college. Continue Reading