New Department of Education figures indicate the number of students struggling to pay back their loans is moderating. For-profit colleges continue to have the highest default rates but saw their numbers improve compared to last year.
A federal regulator is standing by its decision to bar Fannie Mae and Freddie Mac from reducing principal for borrowers at risk of foreclosure, resisting pressure from the Obama administration.
When President Obama’s healthcare law was upheld by the Supreme Court, some infuriated people had a rather amusing response: they vowed to move to Canada, a country where socialized medicine is the law of the land.
But it’s perhaps thanks to that and other “socialist” policies that Canadians are now richer than Americans.