Student Lender News Today

Department. they are currently short by 108 police officers. student lender announcing it has canceled over $107 billion in student loans. that massive relief for approximately 66,000 borrowers is part of an agreement to settle ongoing litigation with various states. they accuse 1/2 yent in engaging in deceptive practices and targeting students who it knew would struggle to pay loans back. the company denies violating any of those laws. those are your headlines. >> ainsley: thank you, carley. th...

Appears worse than three months ago. of 67 economists surveyed, only 22% reported rising employment in july. that is down from 4% a year ago. on the upside only 9% saying employment was falling. martha: new worries out there from families what theyre spending on higher education. the bad economy has caused parents to cut back. according to sallie mae, which is the countrys largest student lender for loans for college. family spent 5% less on college this past academic year. more students are liv...

>> i think they will. i think well print more money over here. the problem is the more money you print and try to paper over the problems with more debt, the more painful the ending is going to be. this little, default that we had in greece is going to be a bigger default that we see out of italy or spain coming up. >> are you saying italy and spain will default at some point in the future? are you saying that? >> i dont see any way around italy faul defaulting or spain defaults. theyre not grow...

Thats not in doubt, but whos next? spain, portugal, whos next? big problem for the europeans, and it means that greek citizens are about to see a drastic fall in their standard of living. and actually, it raises a question for us here in america, are any americans safe, which are also running out of money, are they in a similar situation to greece. california springs to mind, with a $20 billion decifit. martha: yeah, well, thats pretty scary. stuart, thank you very much. stuart varney, from "var...