I have a question about college financing and home cash-out refinancing. I have about $100,000 in federal and private student loans, and most of the interest rates are around 7 percent.

Our son, who plans on a career in medicine, is in his first year of residency. He owes $160,000 in federal Stafford student loans. On his resident salary, he can only afford to pay the interest of about $1,000 a month.

An individual recently explained to me you could consolidate all pupil financial loans, or perhaps the government is focusing on that to happen while in the close to upcoming.

I have a question about college financing and home cash-out refinancing. I have about $100,000 in federal and private student loans, and most of the interest rates are around 7 percent.

The White House pressed Republicans Monday to back Democratic legislation preventing interest rates on federal student loans from doubling in July as the two parties remained deadlocked over how to pay for the move.

Florida and 11 other states settled with Student Loan Xpress Tuesday, forgiving $112.8 million in loans used to attend the now-closed Silver State Helicopters training school.

U.S. lawmakers who urged the Federal Reserve to help the shrinking student-loan market claimed victory after Chairman Ben S. Bernanke agreed to swap the securities for Treasuries leant to Wall Street dealers.

``I am pleased that the Federal Reserve'' has ``changed its policy,'' Senate Banking Committee Chairman Learn More