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Student loans new repayment tool 'irresponsible'

BBC News

Changes to the Student Loans Company's website are "irresponsible and dangerous", the consumer finance expert Martin Lewis has claimed. Mr Lewis says a new "quick repayment" tool gives UK graduates a "damaging, demoralising" picture of their debts. He says the tool exaggerates the status of their outstanding loans. The SLC says its online repayment service gives the most up to date student loan account information that has ever been made available. The company's website has been moved from the site to the site.

Minnesota Amps up Oversight for Student Loan Repayments

U.S. News

The Student Education Loan Fund provides low-interest loans to Minnesota students to help bridge the gap between financial aid and the cost of education. The loan has helped more than 250,000 students pay for higher education since it began in 1984, lending out more than $2 billion, Minnesota Public Radio reported .

iPhone X Australian pricing


Apple and Australia's three biggest telecommunications providers -- Telstra, Optus, and Vodafone Australia -- have unveiled their iPhone X pricing alongside pre-orders from October 27 ahead of launch on November 3. Purchasing the iPhone X outright from Apple will set Australians back AU$1,579 for the 64GB model or AU$1,829 for 256GB, and it is available in silver and space grey. The price tags are an increase on the iPhone 8 and 8 Plus; in addition, in the United States the iPhone X 64GB model costs $999 while the 256GB model costs $1,149. Accordingly, even when taking into account the exchange rate, Australians are paying between $250 and $390 extra for the iPhone X. The iPhone X similarly costs more in the UK, starting at £999 with VAT, and in New Zealand where it starts at NZ$1,799 and Singapore where the base iPhone X costs SG$1,648. On Australia's incumbent telco -- which recently updated its post-paid and prepaid plans with a media partnership with Foxtel -- the iPhones are available at the following price points including device repayments on its 24-month phone-leasing plans: It costs slightly extra to pay the phone off in monthly instalments under Telstra's plans: Telstra's plans all include unlimited national talk and text and a day pass for international roaming, with all bar the cheapest two including unlimited talk and text to 15 countries (the US, the UK, New Zealand, China, Singapore, Vietnam, Canada, Hong Kong, India, Lebanon, Malaysia, Pakistan, South Korea, Sri Lanka, and Bangladesh) and a number of Foxtel Now starter packs.

Gov't launches new website for student loan borrowers

U.S. News

The Department of Education has launched a new website to help people with student loans find a repayment option that best suits their needs. The move is part of an effort the Obama administration is undertaking to enroll an additional 2 million people into repayment programs such as the Pay As You Earn program, which caps monthly student loan payments at 10 percent of income. Federal student loan debt exceeds 1.3 trillion, and about one in seven borrowers default on their loans within three years of beginning to repay them. The Government Accountability Office found last year that many eligible borrowers don't participate in the income-driven repayment programs, in part, because the department doesn't consistently notify them of their options. Education Secretary John King told reporters during a conference call that he's still paying off loans he took out as a graduate student.

The Latest: Colorado Governor Says He'll Push for Repayment

U.S. News

Friday's developments came on the second day of an unprecedented statewide teacher strike as several thousand educators and supporters gathered at the state Capitol in Phoenix to push for teacher raises and more school funding. The Capitol space has been reserved for Monday as well.