We already knew this debt was harming the economy by undercutting young graduates' ability to buy homes and cars, hampering consumer demand in two key sectors of the economy.
From the outside looking in many households have it all together, but yet many are living above their means. Families all across the country are strug...
When determining how to pay for this massive life event, parents are often as confused as their students. With that in mind, here are four things parents need to learn now about student loans before anyone signs on the dotted line.
The rationale for lending federal money out at low interest to banks is that it provides a lot of capital to the banking system, meaning there is more money out there to boost the economy. There really is no good reason not to make the same investment in students.
Here's the thing, right now there is a serious deficiency of financial parental engagement, and if left unaddressed, will cause the next crisis.
Free tuition seems to be quite a hot topic in higher education as of late, and with good reason. With increasing tuition costs and fewer options for b...
If you're like the two-thirds of college grads who took on debt, you owe an average of about $30,000 in federal student loans. That means you'll likely be facing steep monthly payments stacked against a low income after graduation. But there's a way for some borrowers to avoid a lot of month-to-month aggravation.
Because you believe that having a black person as president means that racism isn't alive and well in America. It doesn't bother you that one out of three black men will spend some time of his life in America behind bars.
If the college was once modeled on the monastery, over the last two decades or so many campuses have transformed themselves into versions of Club Med.
A librarian at a southern California campus of Everest College abruptly resigned last week, deeply upset that the for-profit school had admitted into its criminal justice program a 37-year-old man who appears to read at a third-grade level.
People's lives are being ruined by the cynical business model of predatory actors in the for-profit college industry, and the administration must take deliberate and strong measures to protect our students and our federal investment.
For all of the recent College Grads out there who are complaining right now about the lack of work, I just want to tell you to not blame your College for not preparing you correctly for the outside world. Since life provides a continual environment for learning, we are in constant preparation for the outside world.
Luckily, someone special woke me up to the reality of my financial situation. It took a lot of hard work -- and some serious creativity -- but three years later, I'm almost debt-free. Here's my story.
After the Great Recession, falling revenues and shrinking budgets caused many states to reduce their investment in higher education. This, in turn, led to higher tuition, which drove up the need for students to take out loans to pay for school.
No wonder the crushing debt students face is not on the minds of either mainstream politicians or educational leaders. It is unlikely their children will ever have to face that dilemma. So once again we are on our own.
Graduation day itself was a sunny day, but my future didn't look as bright as it did uncertain, if not ominous. I was graduating without a job, with no savings and with six-figure debt.