Debt

6:52am

Mon May 21, 2012
Health

Patients Go Bankrupt As Medical Costs Soar

Kimberly Fague filed for bankruptcy after an illness took its toll. The Colorado woman racked up $15,000 in costs that her government health insurance didn’t cover.
Carol McKinley Colorado Public News

In 2008, Kimberly Fague was diagnosed with organ failure. Plagued by nausea, she lost a third of her body weight. She suffered from confusion and constant fatigue. Her liver and surrounding organs swelled to the point that she developed a hernia.

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8:47am

Thu May 17, 2012
Shots - Health Blog

Embattled Hospital Debt Collector Taps Politicians For Defense

Minnesota Attorney General Lori Swanson announces a lawsuit against Accretive Health in Jan., saying the company failed to protect the confidentiality of health care records for thousands of Minnesota residents. The charges have widened to include the company's tactics in collecting debts.
Jim Mone AP

1:07am

Tue May 15, 2012
Family Matters: The Money Squeeze

Paying For College: More Tough Decisions

Originally published on Wed May 23, 2012 8:48 am

Kelley Hawkins (center) smiles at her daughter Carley (left) as her other daughter, Chelsea (right), looks on, in their family home in Harrisburg, Pa.
Kainaz Amaria NPR

Middle age is prime time for saving money. From your late 40s through early 60s, you're supposed to squirrel away cash to cope with health care costs in your old age.

But for millions of Americans, middle age also is the time when children are seeking help with higher-education bills, and elderly parents may be needing assistance with daily care.

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12:54am

Thu May 10, 2012
Economy

College Grads Struggle To Gain Financial Footing

Originally published on Thu May 10, 2012 2:48 am

Graduates of the University of Alabama's class of 2011. The economic downturn has hit recent college grads hard. New data show only half of those who graduated from 2006 to 2011 are working full time.
Butch Dill AP

Most of the estimated 1.5 million people graduating from a four-year college this spring will soon be looking for a job.

If the experiences of other recent college grads are any guide, many will be disappointed.

A new Rutgers University survey of those who graduated from college between 2006 and 2011 finds that just half of those grads are working full time.

Settling For Part Time

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10:43am

Tue May 8, 2012
The Two-Way

GOP Senators Block Democrats' Student Loan Bill

Originally published on Tue May 8, 2012 1:22 pm

Senate Republicans gave a thumbs down to a Democratic plan that would have frozen interest rates for 7.4 million students taking out new federally subsidized Stafford loans.

The vote was 52-45. Sixty votes were needed to avoid a certain Republican filibuster and to move the bill toward debate.

From the Republican perspective, it wasn't the idea of keeping the rate at 3.4 percent rather than letting it double starting in July. The impasse was over how to fund the one-year rate freeze, which would cost the government $6 billion, according to the Congressional Budget Office.

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