Mo. college loan agency to process federal loans

Starting in October, thousands of people repaying their federal student loans will begin sending their checks to the Missouri Higher Education Loan Authority, Bloomberg Businessweek reports. The Missouri agency says it is the first state-based nonprofit organization to be approved to handle federal loan payments since a 2010 law required the U.S. Department of Education to originate all federally backed student loans…

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Law schools lure fewer students as jobs dry up

"People don't go into social work thinking they want to get rich. They want to help people. The law should be like that," said one student.

Tenia Phillips has heard the horror stories about life after law school, circa 2011, from crushing student loan debt to recent graduates serving coffee at Starbucks.

The reality check didn’t deter the 27-year-old Waco, Texas, resident from pursuing her childhood dream, though it took four years of working as an apartment leasing agent before she could start fall classes last week at the University of Missouri law school.

“I had gotten to the point in my life where it was either now or never,” she said. “Nothing in life is guaranteed. The job market can go back up again or back down.”…Read More