Holiday moods often run the gamut between joy and melancholy. And, an Ohio State University researcher says an individual’s great expectations have a bearing on whether someone smiles or frowns. College of Social Work Professor, Gilbert Greene, says the key is to identify whether stress is likely to help or hurt one’s mood.
Sen. Brown Pushes Bill To Reform Student Loans
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Student loan debt in the U.S. now surpasses $1 trillion. Ohioâ€™s senior U.S. senator Sherrod Brown blames the private loan industry for intentionally making loan terms difficult to understand. Heâ€™s pushing legislation that would make loan terms more clear. The bill is called the Know Before You Owe Private Student Loan Act.
Sen. Brown says the language of a student loan contract can often be so complicated youâ€™d have to be an attorney to figure it out.
â€œThis isnâ€™t an accident that they write in this language thatâ€™s so dense that no human being unless youâ€™ve gone to law school and passed the bar can understand it,â€ Brown says.
Kelly McVicker was 17 when he began borrowing student loan money. Over the course of his college career he says he took out 22 loans.
â€œI originally borrowed about $45,000. With fees, penalties and interest itâ€™s up to about $70,000,â€ McVicker says.
McVicker never graduated. He earns a living managing a convenience store.
Brown says that along with simplified language, he wants lenders to provide borrowers with regular updates on how much money they have to pay back and the cost of borrowing that money.
â€œAll of this is about disclosure and transparency and getting people into knowing their options,â€ Brown says.