Tim Tebow homeschool bill approved by Texas Senate
In Texas, the 'Tim Tebow bill' might change rules regarding homeschooled athletes playing sports.
May 10th, 2013
03:30 PM ET

Tim Tebow homeschool bill approved by Texas Senate

By Mike Chiari, Bleacher Report

(Bleacher Report) - There has been plenty of negative publicity surrounding quarterback Tim Tebow since being waived by the New York Jets last week, but his success playing in high school is now being used in an effort to gain expanded rights for homeschooled athletes in Texas.

According to Matt Wixon of the Dallas Morning News, the Tim Tebow Bill has been passed by the Texas Senate. Provided it is passed by the Texas House of Representatives and then signed into law, it will allow homeschooled athletes to compete for local high schools in Texas.

The bill is named after Tebow because the polarizing quarterback was homeschooled in Florida. Despite that, Tebow was allowed to play for Nease High School in Ponte Vedra, Florida, according to Ben Rohrbach of Yahoo! Sports. Tebow led Nease to a state title, was named Mr. Football in Florida and went on to win two national championships with the Florida Gators.

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Filed under: Bleacher Report • Homeschooling • Politics • Sports • Students
May 10th, 2013
01:44 PM ET

Senator wants deep discounts on student loans

Sen. Elizabeth Warren, D-Massachusetts, introduced a bill that would take the interest rate for student loans from 3.4% to less than 1%.

"If the American taxpayer is gonna invest in those big financial institutions by giving them a great deal on their interest rate, let's invest in those students by giving them the same deal," Warren told CNN's Jake Tapper.

Critics say it's not quite the same - student loans are riskier than short-term, bank-to-bank lending. Warrens says loans for big banks are no-risk because they're still "too big to fail."

"Let's make at least a level playing field on those investments," she said.

Student debt delays spending, saving, marriage
Many borrowers are making financial sacrifices due to growing amounts of student loan debt.
May 10th, 2013
05:00 AM ET

Student debt delays spending, saving, marriage

By Blake Ellis, CNNMoney

New York (CNNMoney) - Student loan debt is leading some borrowers to put off buying a home, saving for retirement or even getting hitched - and many now regret taking out the loans in the first place.

About three-quarters of student loan borrowers surveyed said they - or their children - have been forced to make sacrifices in order to keep up with student loan payments, according to a survey from the American Institute of CPAs.Forty-one percent of the more than 200 people surveyed said they have delayed saving for retirement, 40% have put off buying cars, while 29% have postponed home purchases.

Even marriage has been put on hold, with 15% of respondents saying they delayed tying the knot because of student loan debt.

The majority of borrowers said they didn't anticipate having such a difficult time repaying their loans, and 60% feel some amount of regret about the decision to fund their education this way.

"[Graduates in debt] start out with an anchor that slows their progression toward future goals," Ernie Almonte, chair of the AICPA's National CPA Financial Literacy Commission, said in a statement.

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Filed under: CNNMoney • College • Economy • Financial aid • Students