U.S. Student Loan Rates Set To Double Today

Read the whole thing at Salon; excerpt below.

Student loan debt, which at over $1 trillion tops credit card debt in the U.S. today. The average burden is $28,000, but add in their credit cards and they’re graduating with an average of $35,000 in debt. It’s no wonder that people who’ve paid off their student loan debt are 36 percent more likely to own homes than those who haven’t,

RIAA Changes 30-Day Rule In Light of Jay-Z’s ‘MCHG’ Release

jay-z-album-magna-carta-holy-grail

At first, RIAA appeared to not honor the early million-unit sale of Magna Carta Holy Grail, as it was done 30 days prior to it’s release (supposedly giving it platinum status); however, RIAA has changed their outlook and has decided to grant Jay-Z with another platinum selling album.

“We think it’s time for the RIAA – and Gelfand, Rennert & Feldman – to align digital song and album certification requirements. That’s why today we are officially updating this rule in our G&P Program requirements”

“The reality is that how fans consume music is changing, the music business is changing as labels and artist partner with a breathtaking array of new technology services, and the industry’s premier award recognizing artists’ commercial achievement should similarly keep pace.”

To check out the full release of information about the new rules regarding the RIAA, click here.