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Lilly O'Donnell

Entries by Lilly O'Donnell

New Bill Would Cap Student Loan Interest but Eliminate Forgiveness

(1) Comments | Posted December 9, 2012 | 9:40 AM

A soon-to-be proposed bill would drastically change the way federal student loan payments are made, automatically deducting from paychecks rather than leaving it to borrowers to make payments. The bill would also limit the amount of interest a loan can accrue.

Deducted payments would be capped at 15...

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Student Loans: New Rules for Disabled Borrowers Are Big Breakthrough

(2) Comments | Posted November 21, 2012 | 4:41 PM

Under federal law, someone who becomes severely disabled after taking out student loans is eligible to have their debt forgiven. But until recently, they'd have to jump through bureaucratic hoops to do so, even if they'd already gone through an essentially identical process to receive Social Security benefits.

Under a...

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Student Loan Debt: New Income-Based Repayment Provides a Safety Net

(2) Comments | Posted November 20, 2012 | 3:51 PM

With the fiscal cliff looming, at least one financial compromise has been reached and settled: President Obama's Pay as You Earn plan for federal student loans, proposed in October 2011, was approved on November 1. For people whose loan bills are too high for their income, the new repayment plan...

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Increasing Student Loan Defaults Could Drag Down the Economy

(3) Comments | Posted October 8, 2012 | 8:54 AM

The number of people defaulting on their student loans has risen for the fifth year in a row, according to a September press release from the Department of Education. The rate of people who defaulted within two years of their loans entering repayment went up to 9.1% for...

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No, Tom Ford Is Not a Jerk for Saying Gisele Will Age Someday

(1) Comments | Posted September 19, 2012 | 6:37 PM

In a recent interview with Tom Brady, designer and director Tom Ford made some interesting age-related comments about the football player's wife, the absurdly gorgeous supermodel Gisele Bündchen.

The Internet has had it out for Ford since the interview came out in VMAN, calling for his head on...

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My $60,000 Ivy League Degree Was Just a Pyramid Scheme

(37) Comments | Posted September 17, 2012 | 5:18 PM

When I was deciding whether to accept the invitation to a graduate program at Columbia University, cost was one of the main factors I weighed. But whenever I mentioned this fact to someone older than me, they waved it off. I was assured over and over again that everyone has...

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