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NTF

NTF has written 32 posts for The New Texas Forum

Texas Daily Forum: 11/29/11

State/Local:

Arpaio to campaign for Rick Perry in New Hampshire

Without permit, Occupy Austin protesters’ time at Capitol cut short

Perry approves El Paso recall effort

Judges finalize Texas House and Senate maps for 2012 elections

State Asks High Court to Overturn Democrat-Friendly Political Maps

With restoration well under way, Governor’s Mansion yields historical surprises

 

National/International:

Who is the real RINO?

Report: Explosion rocks Iran city of Isfahan, home to key nuclear facility

Kuwait cabinet resigns amid political crisis

Tower Defense and Aerospace Factory Workers Party at Lunch

Restaurants plan DNA-certified premium seafood

Death row inmate Gary Haugen now criticizes governor for giving him a reprieve

Britain draws up emergency plans for collapse of Euro after warnings Italy needs £500bn bailout

Iran: We’ll fire 150,000 missiles at Israel if attacked

Islamists Win Morocco’s Arab Spring Election

Arizona police vow probe into bloody arrest of grandfather at Walmart

3 Facing Prison Time In $1M Toilet Paper Scam

Bernie Fine fired amid abuse allegations

Putin warns West as he launches presidential bid

 

Other:

Hollywood Labor Fight Looms as Money for Benefits Wanes

Texas Daily Forum: 11/22/11

State/Local:

Texas objects to federal judges’ redistricting maps

Governor’s Mansion Rising From Ashes

Texas student’s refusal to say Mexican pledge, anthem starts controversy Muy bien, Senorita.

Texting while driving would be ‘near impossible’ to enforce in Lubbock

Gabriel Blows His Horn This Week on the UT/A&M Rivalry

National/International:

MF Global Trustee Says Shortfall Could Exceed $1.2 Billion

Obama pardons 5, commutes 1 sentence for convictions including selling drugs, gambling

Three Americans arrested in Cairo as unrest enters 4th day

Flash Mob Shoplifts at Silver Spring 7-Eleven

101-year-old Georgia man robbed in home Hell in a hand basket

Shocked Putin greeted with boos and jeers at the big fight

Other:

At planned Sunny Isles Beach condo, cars and drivers ride elevator home

Michael Moore: UC-Davis pepper spray incident the Occupy’s ‘iconic’ Tiananmen Square moment LOL, what?

Federal Student Loan Debt Now Exceeds Credit Card Debt

By Katie Thompson

Students are borrowing double what they did 10 years ago, even after adjusting for inflation, according to the College Board. Total student loan debt now exceeds credit card debt.

With more than half of students at St. Edward’s University covering all or part of their tuition with student loans, accruing debt is a major concern.

About 58 percent of students at St. Edward’s rely on student loans to pay for tuition, according to Doris Constantine, associate vice president of Student Financial Services. Most take advantage of scholarships, grants and assistance from their parents in addition to student loans, she said.

“By the time I graduate from St. Edward’s, I will have accrued about $40,000 of student debt,” sophomore Mari Serna said. “I know that this number isn’t the highest I have seen students carry, but it also isn’t the lowest.”

The average debt burden per student is $24,000, according to the Institute for College Access and Success.

The issue came to national attention when a USA Today article reported on Oct. 18 that student loan debt could reach $1 trillion this year. The projection, made by Mark Kantrowitz, an administrator of FinAid.org, was incorrectly attributed to the Federal Reserve Bank of New York.

Kantrowitz’s projections are too high, but the New York Fed’s numbers are also too low, according to financial journalist Felix Salmon, who pointed out the erroneous citation in his Reuters blog.

The New York Fed “will revise its numbers for Q2 2011 in coming weeks,” Salmon said. “And yes, the new numbers will show that student loan debt exceeds credit card debt. But they won’t show student loan debt at $1 trillion.”

Regardless of the exact figures, student loan debt is a problem for many students in the U.S., including at St. Edward’s.

“Trying to pay for private school tuition on an 18-year-old’s budget equals taking out student loans,” Katie Shagman, a recent graduate, said.

The increase in student loan debt does not necessarily indicate a worsening economy, but it could have negative ramifications for the future economy, associate professor of economics Matthew Clements said.

“A potential long-run problem is that the necessity of borrowing for education could discourage some from obtaining an education,” Clements said. “There would then be less human capital than there would otherwise, and less growth as a result.”

Clements said the trend of increasing student loan debt will likely continue, barring any major changes to the higher education system, such as reduced tuition or expansion of government subsidies.

Should dependence on student loans continue to increase, Constantine said Student Financial Services will be ready. Beginning in January, Student Financial Services will expand its existing counseling resources and launch an online tool to educate students on student loans and finances in general.

Student Financial Services was recently named a charter member of American Student Assistance, a non-profit group dedicated to educating students about finances and debt management.

These resources are valuable, Shagman said.

“My financial aid officer was instrumental in helping me make calculations, plan ahead and map out a pay-back strategy,” Shagman said. “I’ve made payments on my student loans since December 2007. They are annoying, but manageable, and would have been so much worse without a financial aid office support system.”

~~~~

This story was first published in the St. Edwards Hilltop Views

Texas Daily Forum: 11/21/11

State/Local:

Depleted Texas lakes expose ghost towns, graves

Texas ratchets up its efforts to obtain Oklahoma water

Republican State Board of Education member acknowledges he’s gay

Tom Leppert Marches in Gay Pride Parade Super

National/International:

Democratic Pollsters: Obama Should Abandon Run for Second Term

Spain election: Conservatives set to win landslide victory, exit polls show.

Gillespie sees a drawn-out GOP 2012 race

American spies outed, CIA suffers in Lebanon

Egypt morgue official: 35 dead in 3-day clashes

George Will Dismisses Newt Gingrich, Scoffs At Idea That He Is A ‘Historian’

NYPD stops would-be “lone wolf” jihadi

Other:

Pope ends Africa trip with giant mass in voodoo heartland

Liberals Love Him: Jon Huntsman Shows Up On SNL

 

 

Texas Daily Forum: 11/18/11

State/Local:

Federal Judges Propose Maps for Texas Legislative Races Judge Smith, the lone dissenter published his own dissenting map. This is unprecedented for a judge to publish a dissenting map.

Not Every Texas Race Will Be a Contest — by Design This has always been the case. Notice the Trib makes it seem nefarious. To see the other side’s gerrymandering tricks, look at Illinois CD-17, or CD-4

Voter ID law approval hits new snag

National:

Obama Has A Bush Moment In Bali

Germany’s secret plans to derail a British referendum on the EU

How America should adjust to the Pacific century

Pentagon successfully tests hypersonic flying bomb Game Changer.

‘Princess Nancy’ Pelosi calls Cain ‘clueless’; vows to do more for child care

Romney: “I am not going to walk away from [Romneycare]“

Other:

Sheriff’s Department reopens Natalie Wood case

Molester Helped Cast Hollywood Child Actors

Penn State Waives Application Fee

Crystal Cathedral to be sold to Roman Catholic Church

Texas Daily Forum: 11/16/11

State/Local:

Central Texas town to run out of water next month

Six South Plains towns seek to curb arsenic levels in water

F1 track work stops amid dispute

Fredericksburg councilman apologizes over back-tax suit

Glenn Beck decides against Southlake church property

 

National:

4th Grader Says He Was Sexually Assaulted by Students Hell in a Hand Basket

Australia agrees US Marine deployment plan

U.S. reserves right to meet cyber attack with force

Post office near default? Losses mount to $5.1B

OWS Protester: In a Few Days You’re Going to See What a Molotov Cocktail Can Do to Macy’s

Gallup: Americans still want ObamaCare repealed

Housing ‘Historian’ Newt Gingrich Was Paid $1.6M By Freddie Mac Wow.

 

Other:

Lawsuit: LaBelle threw water at tot in NYC lobby

Trejo Turned His Life Around After Prison Chat With God

What Reagan Did for Hollywood

 

 

 

Texas Daily Forum: 11/15/11

State/Local:

House Corrections Chair Jerry Madden to not run again

‘Occupy Houston’ protestors and HPD maintain uneasy truce

Quanell X claims KHOU is part of plot to kill him Oh jeez. LOL.

Austin ISD’s secrecy troubling for public

Texas man convicted of trying to help al Qaeda

 

National:

Bishops say government eroding religious liberty

Google map mystery of giant lines spotted by satellite in Gobi desert

Kagan to Tribe on Day Obamacare Passed: ‘I Hear They Have the Votes, Larry!! Simply Amazing.’

NYPD raiders roust OWS rabble

Cain blanks on Libya, supports collective bargaining for public employee unions

Republican Party Candidates in Four-Way Dead Heat

What Rick Perry will say today: Highlights of his plan to ‘uproot’ federal government

Congressional Insider Trading: How and Why Politico Protects the Status Quo

 

Other:

The Iron Lady: Meryl Streep is ‘cashing in’ on Thatcher, say friends of former PM

Pamela Anderson cast as the Virgin Mary Ughh.

 

 

 

Texas Daily Forum: 11/14/11

State/Local:

In Laredo, Was a Criminal Enterprise Bathed in Sweet Perfume?

Penn State sex scandal reaches S.A.

With Solid Debate, Perry Looks to Right Campaign

National:

TSA Warns Travelers Not To Smuggle Carry-On Items In Christmas Gift Wrap

Judge Who Set Unsecured Bail For Jerry Sandusky Is A Second Mile Volunteer

Romney grinds down GOP resistance That is the way to be a Leader. Win with the bare minimum of supporters in “your party”, and totally demoralize the 75% who dislike you.

Supreme Court will hear health care case this term

Other:

Gay TV star: I was assaulted for being associated with Ann Coulter

Texas Daily Forum: 11/10/11

State/Local:

Eight Arrested in Occupy Houston

Homeland Security Advisor Accused of Leaking Docs

Confederate plate sparks free speech debate

New Braunfels voters uphold ‘can ban’ on rivers

UT Study: Fracking does not lead to Water Contamination

 

National:

Perry Campaign in Damage Control after Brain Freeze at Michigan Debate

Paterno Ousted at Penn State Good riddance

Angry students riot after Penn State fires revered football coach… Stupid, stupid kids. Defending an enabler

Ron Paul: Obama Presidency On The Verge Of Being A “Dictatorship” It’s almost there, that’s correct

Ghastly: Dover AFB dumped ashes of fallen troops in landfill

 

Other:

Chris Rock giddy for 2nd Obama term: ‘He’s going to do some gangsta sh*t’…

One Texan gets ‘Top Chef’ coat; S.A. site of next show

The Texanist: Offering Fine Advice Since 2007

Texas Daily Forum: 11/9/11

State/Local:

Yancy, Raney Advance to TX14 Runoff

Ex-Democratic Party treasurer guilty of theft

Voters bury BexarMet

 

National:

Obama Couldn’t Wait: His New Christmas Tree Tax

SWAT teams dispatched as gun battle unfolds near Escobares

Ohio Voters Choose to Opt Out of Health Care Mandate

Elderly man kidnapped, raped near Socorro park Hell in a hand basket

Justice Breyer warns of Orwellian government

Boys Raped In Showers Hell in a hand basket  x1000

Author of Arizona Immigration Law Loses Recall Election

 

Other:

HuffPost partnering with Factcheck.org for ‘Reclaim 2012′ election coverage Unbiased, lol.

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