Personal Finance Daily: Grads fight Sallie Mae over loan fees

Personal Finance Daily JANUARY 31, 2012 Tuesday's Personal Finance Stories By MarketWatch Don't miss these top stories: Jobless grads rap Sallie Mae over loan fee Facebook IPO filing: What to watch for U.S. house prices slide 1.3% in November Nationwide, college grads who are looking for work or who are underemployed are mounting a campaign to get student loan servicer Sallie Mae to stop charging fees to students who need to get their loan payments deferred — an option that costs federal loan borrowers nothing. Sallie Mae calls is a "forbearance fee" and many students are calling it an "unemployment penalty." Read more about the dispute in Jeanette Pavini's Buyer Beware column today. Also on MarketWatch today, Mark Hulbert explains the Super Bowl Predictor, and why Wall Street is rooting for the Giants to win. — Anne Stanley , Managing Editor, Personal Finance Jobless grads rap Sallie Mae over loan fee Stef Gray is spearheading an effort to get lender Sallie Mae to stop charging unemployed borrowers a fee to defer student loans — and her petition has more than 75,000 supporters. Read more: Jobless grads rap Sallie Mae over loan fee. Companies look to cut 401(k) fees The rules governing America's most popular retirement vehicle are about to change, and that could mean huge savings for millions of workers building nest eggs for the future. Read more: Companies look to cut 401(k) fees. INVESTING Facebook IPO filing: What to watch for Facebook is widely believed to be readying its first initial-public-offering papers this week, with its prospective IPO looming as one of the biggest market debuts in history. Whether the filing occurs this week or later, some of the key points to look for in the documents include revenue growth, sales mix and risk factors. Read more: Facebook IPO filing: What to watch for Why Wall Street is rooting for the Giants Can the Super Bowl help you make more money this year? Read more: Why Wall Street is rooting for the Giants. ECONOMY & POLITICS CBO sees falling deficits in 2012, 2013 The U.S. budget deficit will narrow to $1.08 trillion in fiscal 2012, the Congressional Budget Office estimated on Tuesday, while the jobless rate will average 8.9% for the year. Read more: CBO sees falling deficits in 2012, 2013. Consumer confidence dips in January A gauge of consumer confidence fell in January, partly reversing substantial gains in the prior two months, as views on current business conditions and employment declined, the Conference Board reported Tuesday. Read more: Consumer confidence dips in January. U.S. house prices slide 1.3% in November U.S. house prices dropped sharply in November to mark the third straight decline, according to a closely followed index released Tuesday. Read more: U.S. house prices slide 1.3% in November. It's the fiscal policy, stupid Washington politicians' refusal to help the economy with fiscal moves is forcing the Fed to step in, despite the impossibility of using monetary policy to solve the problem. Read more: It's the fiscal policy, stupid. Get the latest news on our mobile site: http://www.marketwatch.com/m MarketWatch has sent you this newsletter because you signed up to receive it. To ensure you receive this newsletter in the future, please add marketwatchmail.com to your list of approved senders. Sent to: kumaresan.selva.blogger@gmail.com Unsubscribe | Subscribe Copyright 2012 MarketWatch, Inc. All rights reserved. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. By using this site, you agree to the Terms of Service and Privacy Policy (updated 6/26/07). MarketWatch - Attn: Customer Service, 201 California St., San Francisco, CA 94111