Friday, May 17 2013 7:16 PM EDT2013-05-17 23:16:53 GMT
One person has died in a crash near Harrisonville, MO, Thursday evening. The crash happened on Missouri Highway 7 and Walker Road. It involved a car and a tractor-trailer. Harrisonville is in Cass County.More >>
Savannah Nash celebrated her 16th birthday last week. She died Thursday when her car slammed into a semi while she was texting during her first time driving by herself.More >>
Monday, May 20 2013 9:15 PM EDT2013-05-21 01:15:38 GMT
A massive tornado touched down to the southwest of Oklahoma City Monday afternoon. Starting out as a classic funnel it quickly became a giant half-mile wide wedge tornado as it proceeded east north eastMore >>
A massive tornado touched down to the southwest of Oklahoma City Monday afternoon.More >>
Tuesday, April 20 2010 11:21 PM EDT2010-04-21 03:21:00 GMT
31 people are in trouble with the law after a three day prostitution sting in Richmond. Police told NBC12 they targeted specific areas where residents and business owners complained about the illegal activity.More >>
Tuesday, May 21 2013 12:50 PM EDT2013-05-21 16:50:22 GMT
MOORE, OK (RNN) – In one of the few positive stories to come from the deadly tornadoes in Oklahoma, an elderly woman was reunited with a four-legged friend she thought was dead. Barbara Garcia, a residentMore >>
Elderly resident Barbara Garcia frantically called for her dog after the tornado had leveled her house, but with no success.More >>
A 16-year-old girl making her first solo drive died when her vehicle slammed into a semi. Sources tell KCTV5 that she was texting at the time of the crash.More >>
Are you trying to figure out how to pay for your child's college tuition? If you're thinking about co-signing on a student loan, there's information that you should know before you sign on the dotted line.
A whopping two-thirds of undergrads now graduate with student loan debt, totaling $1 trillion waiting to be paid back. For the first time ever the student loan default rate now exceeds credit card delinquency rate.
The average interest rate at graduation has increased and unemployment rate is high. The amount of debt increasing each year making makes it even more difficult for students to be able to afford their student loans.
Nowadays if loans are private, more often than not there's more than one signature on the bottom.
"More than 90 percent of new borrowers have a cosigner on their student loan, that's up from less than half before the credit crisis," According to Mark Kantrowitz, of FinAid.org.
So what options do you have if your child defaults and you cosigned? Attorney Ann Margaret Carrozza suggests you contact the lender immediately and ask for an interest rate adjustment deferment. This gives you a temporary reprieve from the payments where the interest does not accumulate or forbearance where the payments are temporarily suspended but the interest still accumulates. No matter what, a default can put a lot of stress on a family.
Experts say families should be sure they've exhausted all federal loan possibilities before taking out a private student loan.
It's usually difficult to get student loans dismissed in bankruptcy court.