Why should middle-class students pay more for loans than is absolutely necessary, all the while padding the government's coffers and enabling state universities to build facilities that the students will only get to use for four years?
How bad is the wage gap for women in the workplace? For college graduates, it's so bad that it begins even before women begin their careers.
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.
I was terrified when I drove up to Massachusetts by myself in a 1996 Honda Accord. I was terrified when I graduated. And I was terrified when I moved in with my partner. But that terror will pass and fade into something more stable, more secure, and more exciting.
Reader Question Dear Steve, I quit my full-time job to finish my degree. I got my AS in Chemistry & was able to get a job in my field two years ago....
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...
How astonishing to have a public servant who actually cares to inform the public about the inner workings of the system of crony capitalism that has wedded big government with big business. This comes at the expense of the free market that corporate lobbyists delight in invoking as an ideal while they subvert it as a reality.
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.
Reader Question Dear Steve, After years of being ill and deciding to take on school i graduated and went onto work but had my student loans to accou...
In July, when the student loan rates are set to double to 6.8 percent. College is already far too pricey for many to attend, and this double in interest rates will put a higher education even farther out of reach for thousands of students and their families.
The banks aren't creating anything real, just imaginary financial instruments. But ensuring that more people have access to a college education will only improve society in the long run. So why are we bleeding poor students dry while giving big banks preferential treatment?
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.
Some call it the Student Loan Bubble -- I call it crazy. And what better time to discuss student debt insanity than now, as countless soon-to-be graduates prepare to slip on their caps and gowns?
Even experienced parents who have been through the college process before are trying to figure out the sequester's effects on financial aid, but for those parents who are sending their first child to college, the process can be overwhelming.
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.