Colleges make it simple for students to borrow by packaging several different types of federal loans... Sometimes, schools even give students more loans than they need. The students have to accept the package and deal with the loans when they leave, whether they graduate or not.
Kevin Carey posits that the market dominance of federal student loans combined with income-driven repayment plans has solved student debt crisis. It's an intriguing and optimistic thesis.
Education has always been central to the American Dream: the promise that if you work hard, you can achieve anything. Unfortunately, the skyrocketing cost of student loan debt means that when millions of Americans should be building their careers, starting their families, and pursuing their dreams, they are instead being held back.
Steve Mason's tragic story may be an extreme case, but he is not alone. Millions of people are legally obligated to have a portion of their wages diverted to paying down student debt. Borrowers and their parents seemingly have nowhere to turn.
If you don't find yourself trading bonds on the regular or consider yourself financially illiterate, take these warnings as a gentle nudge on how to NOT pay off your debt.
I read a blog post on The Huffington Post this week titled "The Case for a Populist Challenger in the Democratic Primaries." While the piece well deli...
If your tax refund was intercepted by the Department of the Treasury then you must be significantly behind on your student loan payments.
When I do my college planning workshops, I always get asked which parent's assets to use when filling out the FAFSA form. Considering the many forms that today's modern family can take, it's easy to see how one can get confused.
Much attention has rightly been paid to reforming student loans, such as making sure borrowers can refinance high-interest loans and expanding income-based payment options. These programs, though they would help millions of struggling borrowers, aren't a tourniquet, but only a bandage on a $1.2 trillion student debt crisis.
A state court in Denver has just unsealed the complaint that the Colorado attorney general brought late last year against CollegeAmerica / Stevens-Henager, a former for-profit college network that recently converted to non-profit status.
Huffington Post Reader Question Question: My Student Loans Leave Me Hopeless Dear Steve, I can't believe how much student loan debt I have. I...
If there was ever a reason to defrock politicians, it is for their inherent inability to remove the needless barrier of debt that impedes the best and the brightest, the most ambitious and creative among the lesser financially endowed.
A brand-new Everest College enrollment agreement, seen by Republic Report, combined with other information, suggests that the deal is worse for students than has been promised.
Valentine's Day is coming up, but we know you don't want to put a ring on your student loans. Even if you can't love them, here are six good reasons to value your loans.
One of the defining characteristics of a millennial is our desire to share, and yet for a generation famous for its student loan debt, it's surprising that no community exists to unite us all.
Because of the student loan debt crisis, millennials are increasingly delaying investments in houses, not buying cars, and putting off starting a family, which cripples our consumer-driven economy. And perhaps most troubling, they are avoiding graduate and professional school programs.