Some Student Borrowers Face Default if Cosigner Dies

Many parents and grandparents are aware of the hazards of cosigning an education loan, putting themselves on the hook to repay if the student doesn’t. Now another wrinkle has emerged that can end up hurting student borrowers: Under the terms offered by most private lenders, institutions can demand that borrowers immediately repay a loan in full if the cosigner dies or files for bankruptcy. These so-called auto-defaults can occur even if the borrower has been keeping up with payments. And …

Is Your State a … Weakling?

Politico Magazine has tallied the numbers, and the Oscar for best state goes to … New Hampshire. Actually, the magazine’s ranking is pegged to a different winter event: the president’s annual State of the Union address. Here’s what Politico‘s Margaret Slattery has to say: Tuesday, President Obama, if precedent holds, will declare that the state of America’s union is “strong.” Is it? One way to judge is by the state of the states of the union: How strong are they, and, …

Mac McGarry: The Quintessential Quizmaster

Washington, D.C., has more than its share of inquisitors. But perhaps the most renowned questioner of all was Maurice James “Mac” McGarry, the founding host of It’s Academic who died on Dec. 12 at age 87 in Potomac, Md. According to the Guinness Book of World Records, the televised test of wits for teenagers is the longest-running quiz show in the TV history. When It’s Academic premiered in October 1961, McGarry and the show’s creator, Washington lawyer-turned-TV producer Sophie Altman, had a noble …

Learn More + Earn More = Live Longer?

How long you live has a lot to do with income and education. That’s the message from experts who testified on Nov. 20 at a U.S. Senate hearing on “Dying Young: Why Your Social and Economic Status May Be a Death Sentence in America.” >> Sign up for the AARP Money newsletter. As Steven Woolf, M.D., the director of the Center on Society and Health at Virginia Commonwealth University, put it, “the lower people’s income, the earlier they die and …

Universidades mexicanas perfilan una idea para la comunidad hispana

Las cifras no mienten. Se está poniendo más y más difí­cil contar con ingresos para cubrir los costos universitarios, especialmente para familias de bajos recursos económicos. Esto se refleja en las estadí­sticas de los estudiantes hispanos que cuentan con un tí­tulo universitario, que tiende a ser más bajo que otros grupos y mucho más bajo si se toma en cuenta el tí­tulo de posgrado. Pero ha surgido una opción interesante: realizar los estudios superiores en una universidad mexicana sin salir …

Sandra Day O’Connor: Class Dismissed … and Inspired

For those of us who love the law, what’s best about it is how it is always developing, changing, adding data points like dots in a pointillistic picture. For those of us with a career in the law, staying engaged with – and curious about – theory and policy and societal progress transform a 30- or 40- or 50-year occupation into a passion. I’ve been trying to get my students to drink the “legal education is fascinating for its own …