Identity theft is the nation’s fastest growing white collar crime. “Identity theft” refers to crimes in which someone wrongfully obtains and fraudulently uses a person’s personal identifying information such as name, date of birth, social security number, driver’s license number and financial identity – credit card or bank account. Your personal data can be used if it falls into the wrong hands, allowing criminals to profit at your loss. It is important to take steps to minimize your risk of experiencing identity theft.
After reviewing many proposals and much political volleying, President Obama finally signed the “Bipartisan Student Loan Certainty Act of 2013”, effective July 1. This law newly defines the structure of interest rates for student federal loan programs, tying the interest rates for federal loans to market interest rates. Note that the interest rates have long been structured differently for undergraduate students and graduates students. This continues under the new plan.