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Media Hit | Higher Ed

Local Students Feel Pinch of Loan Rate Increase

Students in our area are feeling the pinch after federal student loans doubled starting July 1. Watch online.

 

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News Release | Higher Ed

Interest Rates for 105,027 Student Loan Borrowers in Maryland Double

 Due to Congressional inaction, the interest rates on federally subsidized student loans doubled on July 1 from 3.4 percent to 6.8 percent. The change will affect 105,027 students in Maryland, and in total the rate increase will hike the cost of Maryland students’ loans by $95 million. That translates into a $909 increase in debt per student, per loan.  However, because most new student loans are issued in August and September, Congress can still pass a retroactive fix. 

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Media Hit

Some TV stations rise to challenge of covering Baltimore's bloody summer

O'Doherty also pointed to a report in January by the Maryland PIRG Foundation, which self-identifies as a consumer advocate organization, that gave Baltimore a B+ in transparency.  The grades were based on the ability of city residents to be able to track budgets, contracting grants and requests for quality-of-life services on a city's website.

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Big Pharma’s Pay-for-Delay Deals Take a Hit

Big Pharma’s controversial “pay-for-delay” agreements took a hit today. In FTC v. Actavis, the U.S. Supreme Court ruled that the FTC’s case against the payoff keeping generic AndroGel from the market can move ahead in the lower courts.

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News Release | Higher Ed

Interest Rates for 105,027 Student Loan Borrowers in Maryland Set to Double on July 1

Baltimore, MD– Unless Congress acts, on July 1, the interest rate for 105,027 student loan borrowers in Maryland will double from 3.4 percent to 6.8 percent. According to an issue brief released today by Maryland PIRG, the rate increase would hike the cost of Maryland students’ loans by $95,469,543 million. That translates into a $909 increase in debt per student, per loan.

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Financial aid award letters often lack transparency and wind up confusing students and parents

With student loan debt exceeding $1 trillion and families increasingly questioning whether a college education is worth it, colleges should be embracing making financial aid award letters clear and uniform. Transparency may not solve the student debt problem, but it can help students and parents make better-informed decisions.

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News Release | Corporate Reform Coalition, US PIRG | Democracy

New Report: Sunlight State by State After Citizens United

In the wake of the U.S. Supreme Court’s ruling in Citizens United v. Federal Election Commission, which allows corporations to spend unlimited amounts from their treasuries to influence elections, states have passed a variety of innovative measures to regulate corporate cash in elections, a new report by the Corporate Reform Coalition shows.

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News Release | Maryland PIRG Foundation | Higher Ed

BANKS SKIM MILLIONS IN FEES FROM STUDENT AID USING DEBIT-CARD-LINKED STUDENT IDS

Over 9 million students are at risk for increased educational debt, due to bank-affiliated student debit cards that come with high fees, insufficient consumer protections, and few options.  Financial institutions now have affinity partnerships with almost 900 campuses nationwide, grafting bank products onto student IDs and other campus cards to become the primary recipient of billions in federal financial aid to distribute to students.

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News Release | Budget

Offshore Tax Havens Cost Average Maryland Taxpayers $459 a Year

With tax day approaching, a new study released by Maryland PIRG found that the average Maryland taxpayer in 2011 would have to shoulder an extra $459 tax burden to make up for revenue lost from corporations and wealthy individuals shifting income to offshore tax havens. The report additionally found that to cover the cost of the corporate abuse of tax havens in 2011, small businesses in Maryland would have to foot a bill of over $2,298 on average.

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News Release | Maryland PIRG Foundation | Transportation

New Report: Long-Term Drop in How Much People Drive, Youth Desire More Transportation Options

A new report released today by the Maryland PIRG Foundation demonstrates that Americans have been driving less since the middle of last decade. The report, Transportation and the New Generation: Why Young People are Driving Less and What it Means for Transportation Policy, shows that young people in particular are decreasing the amount they drive and increasing their use of transportation alternatives.

 

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Report | Maryland PIRG Foundation | Safe Energy

Energy Saved, Dollars Earned

Maryland is at an energy crossroads -- facing a crisis, but also an opportunity. The fastest, cheapest and cleanest way to address this crisis is to turn what is now wasted energy into a useful resource to power our homes, offices and factories.

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Report | Maryland PIRG Foundation | Consumer Protection

Mixed Signals

One year from now 22 million Americans who rely on free over-the-air analog broadcasting will be at risk of losing access to TV. On February 17, 2009, analog televisions that receive over-the-air signals will go dark, unless they are retrofitted with digital converter boxes.

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Baby's Toxic Bottle

Bisphenol A, a hormone-disrupting chemical that is the building block of polycarbonate plastic, has been found to leach out of six major brands of popular baby bottles sold in the United States and Canada.

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Report | Maryland PIRG | Democracy

Honest Enforcement

Some argue that last year’s scandals, which led to the conviction of two congressmen and several top aides, are evidence that ethics enforcement in Congress works. The actual facts leading up to the convictions, however, are more an indictment of the current process than a testament to its success.

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Report | Maryland PIRG Foundation | Budget, Democracy, Financial Reform

Forgiving Fraud and Failure

Companies with immediate past histories of shoddy work and fraudulent practices are being rewarded with billions of dollars in federal contracts. The data suggest that the process by which the federal government currently spends $422 billion per year in taxpayer funds is insufficient to ensure that the American people receive good quality for goods and services purchased for the American people.

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Priority Action

Help triple Maryland's container recycling rate. Tell Gov. O'Malley: I support a Maryland Bottle Bill.

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