programs says the special inspector general's "suggestions as to how the process might have been accelerated or improved are unworkable in practice." For example, Treasury says, special inspector general labeled as a "delay" the time it took for states to set up their programs by hiring housing counselors, creating online tools and hiring people to review applications, http://www.tomsoutletsalecheap.com - toms shoes . The program "is creating long-lasting foreclosure prevention capabilities," Treasury Assistant Secretary Timothy Massad says in the letter. The letter notes that the program extends until 2017, so states have plenty of time to reach their targets for helping homeowners. It says Treasury worked hard to secure cooperation by Fannie, Freddie and the private mortgage companies, but does not have the authority to make them participate. ___ Daniel Wagner can be reached at www.twitter.com/wagnerreports. Copyright 2012 The Associated Press, http://www.tomsoutletsalecheap.com - cheap toms . All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ. An insider's guide to politics and policy, available on the iPad or as a PDF download.
By KIMBERLY HEFLING and KRISTI EATON, Associated Press SIOUX FALLS, S.D. (AP) Want to calculate how much you could owe in student loans after graduating from a particular college? A new government website provides tools to help with the math. The site, by the Consumer Financial Protection Bureau, is in the testing phase, but already includes information from 7,500 colleges and universities. Users can plug in details such as grant and scholarship offers to compare what they might owe after attending different schools. The site also offers information on graduation and student loan default rates. A "military benefit calculator" function allows the nation's more than 2 million Iraq and Afghanistan veterans to determine what they could owe after using their GI Bill benefits. It can be found at http://www.consumerfinance.gov/payingforcollege/costcomparison. The site is the latest effort by the federal government to make colleges and universities more open about costs. A separate Education Department web site http://collegecost.ed.gov also addresses college cost, with information such as the rate of tuition increases at colleges. "Choosing a school is a big responsibility one that is too often made difficult by an inability to determine the impact of student loan debt," said Richard Cordray, director of the Consumer Financial Protection Bureau, at a news conference in Sioux Falls, S.D., with Sen. Tim Johnson, D-S.D., and a gathering of local high school students. The bureau says student loan debt has reached $1 trillion, surpassing credit card and auto-loan debt. Graduates owe on average about $25,000. _______ Hefling reported from Washington. Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, http://www.cheaptomsshoessalei.com - cheaptomsshoessalei.com , rewritten or redistributed. Your comment will be posted
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