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Moody’s cuts rating on W. Australia iron ore
N. Korea faces new sanctions after rocket test
Venezuela can't get Saudis to cut oil production
New flood of refugees at Turkish border
Credit Suisse CEO asks for bonus to be slashed
Taiwan rescuers find signs of life amid rubble
GoPro rallies on Microsoft licensing deal
When is China stock market closed for holiday?
Disney, Coca-Cola headline earnings week

China’s forex reserves poised for another record drop
China's foreign-currency reserves drop $99 bln
Will China soon burn through its reserves?

Asian markets dip on Fed uncertainty

In U.S., socialism is no longer a dirty word

Lehman Brothers lives on,
as a spirit


7 cruises for people who hate cruises
7 cruises for people who hate cruises



3 mistakes to avoid in your first 3 years of retirement
3 mistakes to avoid in your first 3 years of retirement

Twitter said to plan algorithm for timeline

Twitter suspends 125,000 terrorist accounts

How to retire early and still avoid 10% penalty
Worst money mistakes at any age
Know 4 important retirement account changes

Investors dump stocks, scoop up bonds for 5th straight week
Investors again dump stocks, scoop up bonds
FANG stocks take big bite out of Nasdaq

20 dividend stocks that Wall Street loves the most
The 20 dividend stocks that Wall Street loves most
Dividend stocks that will give you a raise

All the bad things Hillary Clinton
has done

Clinton to ‘look into’ paid-speech transcripts

National polls show Bernie Sanders nearly even with Hillary Clinton
National polls show Sanders nearly even with Clinton
Why do young voters like Sanders so much?
Is ‘Trump bubble’ bursting in New Hampshire?
Rubio, Cruz gain in N.H., WSJ/NBC poll finds

Taste the whiskey that Peyton Manning won’t try
10 Super Bowl beers that aren’t Bud Light

John Bogle dismisses index-fund 'danger'
John Bogle dismisses index-fund 'danger'

Wanted at Vanguard: A CFO
Wanted at Vanguard: A CFO



How to know if your tax preparer is a crook
How to know if your tax preparer is a crook

Tax software firm warns of data breach

Bad buybacks and nine other money stories you may have missed
Bad buybacks and 9 other must-read stories
Only place left to invest if ‘Oilmageddon’ hits

Four reasons the January jobs report is fishy
Why the Fed is likely to stay put in March

Chicken-little investors, please read jobs report

Barron's: Here comes $20 oil
Here comes oil for just $20 a barrel


Morgan Stanley gives up on higher oil prices

Bank stocks have taken enough punishment, UBS analyst says
Bank stocks have taken enough punishment, analyst says

The best biotech plays once sector stabilizes

Tesla earnings: Model 3 spending, Model X sales in focus
Tesla earnings: Model 3, Model X in focus

/conga/frontpage.html 367285

Markets »

139.01MDow Volume:
Avg Vol: 128.61M
Unchanged
165
Decliners
4918
Advancers
1419
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,205 -212 1.29%
Nasdaq
/quotes/zigman/12633936/realtime 4,363 -146 3.25%
S&P 500
/quotes/zigman/3870025/realtime 1,880 -35 1.85%
GlobalDow
/quotes/zigman/629063/realtime 2,139 0 0.01%
Gold
/quotes/zigman/33772884/delayed 1,165 +7 0.63%
Oil
/quotes/zigman/2260836/delayed 31.12 +0.23 0.74%
FTSE 100
/quotes/zigman/3173262/delayed 5,848 -51 0.86%
DAX
/quotes/zigman/2380246/delayed 9,286 -107 1.14%
CAC 40
/quotes/zigman/3173214/delayed 4,201 -28 0.66%
FTSE MIB
/quotes/zigman/1482176/delayed 17,250 -376 2.13%
IBEX 35
/quotes/zigman/2759620/delayed 8,500 +31 0.37%
Stoxx 600
/quotes/zigman/2380150/delayed 326 -3 0.87%
Asia Dow
/quotes/zigman/6959860/realtime 2,508 -2 0.08%
Nikkei 225
/quotes/zigman/5986735/delayed 17,004 +185 1.10%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 24,659 +42 0.17%
Singapore
/quotes/zigman/1709939/delayed 2,623 +65 2.53%
Euro
/quotes/zigman/16008136/realtime/sampled 1.11 0.00 0.11%
Yen
/quotes/zigman/16008150/realtime/sampled 117.39 +0.52 0.44%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 +0.00 0.09%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 +0.00 0.40%
DXY Index
/quotes/zigman/1652083/delayed 97.12 +0.08 0.08%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.86 +0.05 0.06%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.86 +0.03 1.44%
German 10y
/quotes/zigman/15866409/realtime 0.30 0.00 0.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.56 +0.05 3.14%
Spain 10yr
/quotes/zigman/15866444/realtime 1.65 +0.03 1.72%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.56 0.00 0.00%
Japan 10yr
/quotes/zigman/15866525/realtime 0.04 +0.01 46.32%
Crude Oil
/quotes/zigman/2260836/delayed 31 +0 0.74%
Gold
/quotes/zigman/33772884/delayed 1,165 +7 0.63%
Corn
/quotes/zigman/25518691/delayed 366 0 0.07%
DJIA F
/quotes/zigman/48241424/delayed 16,192 +61 0.38%
S&P F
/quotes/zigman/43106711/delayed 1,884 +9 0.45%
Silver
/quotes/zigman/32655632/delayed 15 +0 1.03%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 104.07 -6.42 -5.81%
AAPL /quotes/zigman/68270/composite 94.02 -2.58 -2.67%
GOOG /quotes/zigman/59527964/composite 683.57 -24.44 -3.45%
BAC /quotes/zigman/190927/composite 12.95 -0.30 -2.26%
C /quotes/zigman/5065548/composite 39.86 -0.93 -2.28%
F /quotes/zigman/264304/composite 11.45 -0.08 -0.69%
T /quotes/zigman/398198/composite 36.88 0.35 0.96%
BP /quotes/zigman/247026/composite 30.46 -0.15 -0.49%
GE /quotes/zigman/227468/composite 28.54 -0.64 -2.19%
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.88% 11.62%
Business 13.12% 13.11% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.30% 14.12%
Airline 15.17% 15.16% 15.10%
Cash Back 15.26% 15.23% 15.27%
Reward 15.28% 15.25% 15.14%
Instant Approval 18.21% 18.18% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

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Our real-time advice on how market shifts and news impact you and your money

Student Debt: What the Fed Report Misses

A Federal Reserve report released Tuesday shows Americans are on the hook for $471 billion in federal student loans. If only the true number were that small.

As college tuition continues to rise, students and their parents have been signing up for federal student loans at a rapid pace. By the end of September, borrowers are expected to owe a whopping $840.5 billion in federal student loans, according to an analysis of federal budget data by FinAid.org. That’s up 10% from a year prior. Tack on capitalizing interest—most borrowers don’t start paying back these loans right away and in most cases interest continues to accrue—and the figure balloons even higher.

Why the discrepancy between the two reports? The Fed’s report includes just the federal loans that have been distributed by the Department of Education. But before July 2010, banks and other private lenders were providing federal student loans to borrowers as well—of which there’s still about $346 billion that borrowers are still paying back. A provision in President Obama’s health care law ended this program, making the federal government the only distributor of federal student loans.

Student-loan debt isn’t just growing—it’s following borrowers later into life and wrecking havoc on their retirement. As we reported today, the federal government is increasingly docking Social Security benefits for retirees who’ve fallen behind on their student loans. There have been roughly 115,000 cases so far this year, up from just six in 2000, according to the Treasury Department.

Experts say the trend will likely intensify. Sixty-six percent of the Class of 2012 graduated this spring with debt, and their student loans averaged $28,720, up from $9,320 in 1993, according to FinAid.org.

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (5 of 21)

View all Comments »
    • Rulers of this world (aka bankers) want you to borrow money that they create out of nothing and they want you to pay them interest for a lifetime, essentially making you a slave your entire life. Google for WEB OF DEBT KONDRATIEFF WAVE to understand why this system is not ideal for the average person.

      http://www.kondratieffwavecycle.com

    • How about putting some rules and limits on the colleges to reduce costs for a change? They just raise tuition every year at rates that have far exceeded that of inflation, on the backs of students and parents, so that they can maintain their bloated salaries, benefits, pensions, and world-class facilities, athletic programs, etc. They keep building their empires with layer upon layer of administration…deans, assistant deans, chancellors, provosts, department heads, etc. all with their staffs and exorbitant resource consumption. I have worked with and known many University personnel over the years in my private sector job and have seen them retire at 55 with close to 100% of their income or more and the finest health care and other benefits provided for the rest of their life. It’s time we took a close look at the excessive compensation and benefits within the Universities as a place to cut fat and rein in automatic excessive tuition hikes and college costs. Sickening.

    • Kate with that line of reasoning why pay any debt off you accumulate over a lifetime. Grow up you are entitled to walk away from debt you incur period.

    • It is criminal to dock Social Security benefits for student loan payments!! If a person is retired, it’s over! The chance to recover that money borrowed is gone. Get over it America! It’s already bad enough you can’t discharge student loans in bankruptcy. http://www.postbankruptcyshop.com

    • i agree with many of the readers points however every parent and every student need to understand the risk of borrowing so much money with very little job guarantees. The students have to realize times have changed and they need to be more creative and have more flexibility with their educational needs. The student loan debt crisis will only get worse so make intelligent financial decisions for the future.

About Real-Time Advice

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MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

London Markets Open in:

need to know
Moody’s cuts rating on W. Australia iron ore
N. Korea faces new sanctions after rocket test
Venezuela can't get Saudis to cut oil production
New flood of refugees at Turkish border
Credit Suisse CEO asks for bonus to be slashed
Taiwan rescuers find signs of life amid rubble
GoPro rallies on Microsoft licensing deal
When is China stock market closed for holiday?
Disney, Coca-Cola headline earnings week

China’s forex reserves poised for another record drop
China's foreign-currency reserves drop $99 bln
Will China soon burn through its reserves?

Asian markets dip on Fed uncertainty

In U.S., socialism is no longer a dirty word

Lehman Brothers lives on,
as a spirit


7 cruises for people who hate cruises
7 cruises for people who hate cruises



3 mistakes to avoid in your first 3 years of retirement
3 mistakes to avoid in your first 3 years of retirement

Twitter said to plan algorithm for timeline

Twitter suspends 125,000 terrorist accounts

How to retire early and still avoid 10% penalty
Worst money mistakes at any age
Know 4 important retirement account changes

Investors dump stocks, scoop up bonds for 5th straight week
Investors again dump stocks, scoop up bonds
FANG stocks take big bite out of Nasdaq

20 dividend stocks that Wall Street loves the most
The 20 dividend stocks that Wall Street loves most
Dividend stocks that will give you a raise

All the bad things Hillary Clinton
has done

Clinton to ‘look into’ paid-speech transcripts

National polls show Bernie Sanders nearly even with Hillary Clinton
National polls show Sanders nearly even with Clinton
Why do young voters like Sanders so much?
Is ‘Trump bubble’ bursting in New Hampshire?
Rubio, Cruz gain in N.H., WSJ/NBC poll finds

Taste the whiskey that Peyton Manning won’t try
10 Super Bowl beers that aren’t Bud Light

John Bogle dismisses index-fund 'danger'
John Bogle dismisses index-fund 'danger'

Wanted at Vanguard: A CFO
Wanted at Vanguard: A CFO



How to know if your tax preparer is a crook
How to know if your tax preparer is a crook

Tax software firm warns of data breach

Bad buybacks and nine other money stories you may have missed
Bad buybacks and 9 other must-read stories
Only place left to invest if ‘Oilmageddon’ hits

Four reasons the January jobs report is fishy
Why the Fed is likely to stay put in March

Chicken-little investors, please read jobs report

Barron's: Here comes $20 oil
Here comes oil for just $20 a barrel


Morgan Stanley gives up on higher oil prices

Bank stocks have taken enough punishment, UBS analyst says
Bank stocks have taken enough punishment, analyst says

The best biotech plays once sector stabilizes

Tesla earnings: Model 3 spending, Model X sales in focus
Tesla earnings: Model 3, Model X in focus

/conga/frontpage.html 367285

Markets »

139.01MDow Volume:
Avg Vol: 128.61M
Unchanged
165
Decliners
4918
Advancers
1419
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,205 -212 1.29%
Nasdaq
/quotes/zigman/12633936/realtime 4,363 -146 3.25%
S&P 500
/quotes/zigman/3870025/realtime 1,880 -35 1.85%
GlobalDow
/quotes/zigman/629063/realtime 2,139 0 0.01%
Gold
/quotes/zigman/33772884/delayed 1,165 +7 0.63%
Oil
/quotes/zigman/2260836/delayed 31.12 +0.23 0.74%
FTSE 100
/quotes/zigman/3173262/delayed 5,848 -51 0.86%
DAX
/quotes/zigman/2380246/delayed 9,286 -107 1.14%
CAC 40
/quotes/zigman/3173214/delayed 4,201 -28 0.66%
FTSE MIB
/quotes/zigman/1482176/delayed 17,250 -376 2.13%
IBEX 35
/quotes/zigman/2759620/delayed 8,500 +31 0.37%
Stoxx 600
/quotes/zigman/2380150/delayed 326 -3 0.87%
Asia Dow
/quotes/zigman/6959860/realtime 2,508 -2 0.09%
Nikkei 225
/quotes/zigman/5986735/delayed 17,004 +185 1.10%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 24,659 +42 0.17%
Singapore
/quotes/zigman/1709939/delayed 2,623 +65 2.53%
Euro
/quotes/zigman/16008136/realtime/sampled 1.11 0.00 0.11%
Yen
/quotes/zigman/16008150/realtime/sampled 117.39 +0.52 0.44%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 +0.00 0.09%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 +0.00 0.40%
DXY Index
/quotes/zigman/1652083/delayed 97.12 +0.08 0.08%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.86 +0.05 0.06%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.86 +0.03 1.44%
German 10y
/quotes/zigman/15866409/realtime 0.30 0.00 0.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.56 +0.05 3.14%
Spain 10yr
/quotes/zigman/15866444/realtime 1.65 +0.03 1.72%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.56 0.00 0.00%
Japan 10yr
/quotes/zigman/15866525/realtime 0.04 +0.01 46.32%
Crude Oil
/quotes/zigman/2260836/delayed 31 +0 0.74%
Gold
/quotes/zigman/33772884/delayed 1,165 +7 0.63%
Corn
/quotes/zigman/25518691/delayed 366 0 0.07%
DJIA F
/quotes/zigman/48241424/delayed 16,192 +61 0.38%
S&P F
/quotes/zigman/43106711/delayed 1,884 +9 0.45%
Silver
/quotes/zigman/32655632/delayed 15 +0 1.03%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 104.07 -6.42 -5.81%
AAPL /quotes/zigman/68270/composite 94.02 -2.58 -2.67%
GOOG /quotes/zigman/59527964/composite 683.57 -24.44 -3.45%
BAC /quotes/zigman/190927/composite 12.95 -0.30 -2.26%
C /quotes/zigman/5065548/composite 39.86 -0.93 -2.28%
F /quotes/zigman/264304/composite 11.45 -0.08 -0.69%
T /quotes/zigman/398198/composite 36.88 0.35 0.96%
BP /quotes/zigman/247026/composite 30.46 -0.15 -0.49%
GE /quotes/zigman/227468/composite 28.54 -0.64 -2.19%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.88% 11.62%
Business 13.12% 13.11% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.30% 14.12%
Airline 15.17% 15.16% 15.10%
Cash Back 15.26% 15.23% 15.27%
Reward 15.28% 15.25% 15.14%
Instant Approval 18.21% 18.18% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

Top 3 from Barron's

Today's list of the most-viewed stories from Barron's. More »

  1. 1.
  2. 2.
  3. 3.

Visit Barrons.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/9021597/composite YELP-8.45%
  • /quotes/zigman/77392/composite REGN-3.87%
  • /quotes/zigman/558553/composite BUD-3.33%
  • /quotes/zigman/118681/composite TSLA-7.26%
  • /quotes/zigman/7601800/composite JOY+1.91%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
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