From the housing crisis to high debt, from stagnating incomes to high unemployment, the Great Recession has touched most aspects of many people's lives. College graduates, a highly educated group often insulated from the worst of economic challenges, have not been spared. Their unemployment rate reached 9.1 percent in 2010--the highest annual rate…

One does not need to be an expert on student aid to recognize that the current loan system is complex, sometimes inefficient, and highly politicized. When it comes to financing a college education, there is no "one-stop shopping." Students and their parents have a multitude of lenders to choose from, including federal and state governments and…

The student-loan industry seems to have broken new ground, which raises a red flag after the recent investigation of the private-loan industry by Andrew M. Cuomo, New York State's attorney general. Last June "The Chronicle" reported that in Cuomo's testimony before Congress, he compared the industry to the Wild West, characterizing it as a bastion…

The House of Representatives will likely vote this week on a proposal to halve the 6.8 percent interest rate on subsidized student loans as part of the new congressional majority's 100-Hour agenda. This document presents six problems with halving student loan interest rates and argues that, rather than providing billions in new federal subsidies,…

Presents a straightforward method for evaluating lease versus borrow (buy) decisions illustrated with actual financing cost data reported to new car purchasers. States that individuals should consider after-tax cash flows associated with alternative arrangements, time in which cash flow occurs, and opportunity cost of capital to identify the least…

To teach money management effectively, an examination of credit use today and a profile of the person in financial trouble are needed. If credit patterns and bankruptcy are understood, recommendations can be made about curriculum content for money management. (SK)

Describes the duties of credit clerks, credit checkers, and credit authorizers. Includes information about earnings and benefits as well as necessary qualifications and opportunities for advancement. Includes sources of additional information. (JOW)

This interview with the comptroller for the U.S. Department of Education focuses on efforts to improve credit management and debt collection. Topics discussed are the credit management initiative, the extent of the problem, improvements, the Housing and Facilities Loan Program, and the significance of the Debt Collection Act of 1982. (JOW)

Explication of the basic law defining the rights and responsibilities of creditors and creditees is given. (LH)

Relates the history of credit cards, their evolution to current forms, and innovations (debit cards, token cards, smart cards). Considers their sociocultural impact. Provides a design brief, including objectives, resources, evaluation criteria, outcomes, and a quiz. (SK)

The role of credit cards in personal finance has increased dramatically over the past two decades. Complex interest computation methods and additional fees often boost the price of credit card loans and help make credit cards the most profitable type of consumer loan for many lenders. (Author/JOW)

Public hearings and workshops were held in five metropolitan areas to gather data about the problems women in American cities face when they try to acquire and maintain a place to live. The chief findings were: (1) women have faced and continue to face discrimination in marketing, lending, and shelter-related services; (2) discrimination against…

The four articles in this journal issue examine the pros and cons of the proposition that credit card rates are too high. In "How Congress and Consumers Will Crack the Credit Card Market," Congressman Charles E. Schumer argues that banks can get away with their excessive rates because of consumer misinformation and the unfair competitive edge held…

Describes some of the problems for the individual inherent in the rapidly expanding computerized field of credit and banking. Proposes that electronic fund transfer systems could virtually replace the use of cash. Warns that while such systems offer wide advantages to business, they threaten the individual's privacy. (JMF)

Discusses the objectives of this special issue--women, poverty, and community development--and key issues raised by these subjects, including the changing role of the family, generating income through credit and savings, understanding women's fifth world, overcoming poverty and powerlessness, and changing stereotyped roles. (CT)