This burden has left the U.S. female graduate with over $28,000 in student loan debt, according to The Institute for College Data and Statistics. Moreover, a new report from the Brookings Institution points out that this student debt average is quadruple the amount that it was just 12 years ago.
McCain, by using his power as chairman of the Senate Armed Services Committee to pressure the Department of Defense to back off a legitimate investigation of the University of Phoenix, is doing a disservice to service members and veterans, who deserve to be protected against deceptive recruiting, poor quality programs, and other predatory practices.
How's 75 sound for a retirement age? Too far away? That could be the reality for today's college graduates.
There can't really be any "fresh starts" when it comes to student loan debt. To discharge student loan debt would not merely disrupt the "fiscal integrity" of the student loan program. Simply put, indebted individuals are easier to govern than those who aren't.
Understanding how your loan servicer works, and communicating regularly with the company are your secret weapons for keeping your student loans under control.
The cost of college is not declining. And with the constant reminder that student loan debt is getting out of hand, parents and students are trying to find ways to make higher education more affordable. Even so, some families may not even realize that they are voluntarily increasing their expenses.
That's how the Banksters get their claws in your children as soon as they are old enough to vote. The credit card debt they use to get by while paying off their loans also may not be discharged in bankruptcy thanks to Bush's 2005 rule changes.
The most important lessons are not always learned inside the walls of our nation's top business schools.
The rule, which went into effect on July 1 of this year, is designed to reveal programs that carry high levels of student debt while yielding relatively subpar job credentials.
Alejandro Amor, the former owner-CEO of for-profit FastTrain College, is scheduled to face a jury trial in Miami Wednesday morning. Amor and his co-defendant face criminal charges of defrauding the federal government to obtain about $6.5 million in student aid -- Pell grants and Direct Loans.
The panelists spoke about the need for Republicans and Democrats to work together and find common ground to improve the Higher Education Act. That's great. But they didn't talk about the work all three of them have done to hurt higher education by backing the agenda of predatory career colleges.
When it comes to actually including Gen Y in any meaningful political discourse, both parties fail with flying colors.
First of all, if you are perfectly happy with your life, this blog may not be for you. This is for millions of people who go to work and are miserab...
For many, your deal may mean eating only canned tuna for weeks at a time, loading groceries onto maxed out credit cards, and defaulting on something and then faulting ourselves.
The fate of student debt will be determined not by new measurements but by what happens to it in real time as defaults and debt forgiveness continue to mount. Unfortunately, we still better keep our eyes on the horizon.
As you can imagine, this is a complex problem. On one hand you have the issue that the kids were clearly victims of identity theft. On the other hand it appears they received the benefit from the loans.