The student loan program calls attention to the double standards of debt relief. Corporations are able to declare bankruptcy under Chapter 11 and write off old loan -- but college debt follows former students literally to the grave even if they go bankrupt. Big banks have gotten trillions of dollars of debt relief from the TARP program and the Federal Reserve's program of buying toxic assets from banks. But there is no debt relief for students and former students. Can't we build a movement around that? Refinancing of college debt would put the money to better use and provide an immediate stimulus to the economy. Pete Peterson and company love to invoke generational justice when they propose cutting Social Security. But debt relief for students and former students would introduce some generational fairness right now. Why doesn't the corporate-led "Fix the Debt Campaign," yet another group promoted by Peterson, start demanding that we fix the college debt?
Maybe it's time for a '60s-style student uprising -- but this time instead of occupying college hallways, they ought to occupy the halls of a Congress that favors big banks over struggling students.
With the Governor's May budget revision being announced this week and the Legislature working to pass a final budget by June 15, these are some of the issues Assembly Democrats will be focusing on to make sure our state takes the critical steps we need.
By Mitchell D. Weiss If insanity is defined as repeatedly doing the same thing and expecting a different result, the student loan interest rate throw...
This week on the national scene -- the student loan crisis, and President Obama meets with two female heads-of-state. In the meantime, Emily's List launches a campaign for a woman president in America.
Our story, our experiment, to create a world where hard work leads to a better life, the American Dream, is slowly dying. But we can fix this. The Student Loan Fairness Act will soon stand before the House of Representatives and embodies a golden opportunity to save the American Dream.
Taking out student loans is the only way I could attend DePaul. I thought if I took out the loans to get the right education, a good job would be waiting for me. Now I know different.
This rise in college students pursuing four year programs seems like it can only be good. Pursuing education is vital to individual success and the collective trend towards higher education across the population is a positive trend. But are there any costs associated with this upward trajectory?
For many, America's "pool of promise" -- higher education -- is turning into a sinkhole of debt. What would it look like for students to take hold of the injustice of the university and financial system, to claim it even as they rise above it?
Understanding the importance of higher levels of education can become a frustrating task when coupled with trying to understand the options available to pay for that said importance.
Helping to pay for one's college education adds meaning to life's lessons learned and adds value and context while in higher pursuits. But it's unconscionable to think that just about the only way for someone to go to college full-time is to go into debt with student loans.
Millions of high school students have now received college acceptance letters. Many middle class Americans will also learn how much financial aid they will receive from these institutions and what they will need to borrow to make up the difference.
Is there some subterranean -- even subversive -- connection between spring celebration of the Earth and spring celebration of work and time for rest?
The government gets to borrow for 10 years paying less than 2 percent interest on U.S. Treasury notes, while students must pay 6.8 percent interest on the loans they get from the government!
Despite the fact that tuition costs show no signs of decreasing, you can become less reliant on loans and more focused on a secure financial future by following a few easy rules.
We have 17 million Americans with bachelor's degrees doing menial work that doesn't require that level of education. Instead of trying to subsidize the cost of college, the focus should be on rejuvenating vocational education and skill-specific certificate programs.