Four months after my niece's graduation party, she got an email with a subject line indicating that she would soon need to start making payments on her student loans. Employed only part time and sharing a room in a small apartment to keep costs down, she was afraid to open the email.
You know what might help in this crisis-to-end-all-crises? Having a Surgeon General in office. President Obama nominated someone for the job last November, but his confirmation has been blocked ever since.
Americans collectively have more than $1.2 trillion in student loan debt, an amount that may cause prospective students to wonder whether college is worth the cost.
With the average adult nearly $27,000 in debt due to student loans and the rising costs of higher education, the debt crisis has become the newest scapegoat for the lagging real estate market and slow economic growth.
Nearly 40 percent of younger Americans are carrying some amount of student debt and the Pew Research Center's research shows that an inability to manage and pay off that debt can impact future earning potential.
No matter what Republicans say, President Obama is not on the ballot this November. The GOP can't seem to admit to the public that the President has already run his last race.
This is actually a guest post submitted to my on my Get Out of Debt site. However, it contains such good commonsense advice for people looking to hire...
The finances of getting a college degree should not be entered into without contemplative consideration or just based on assumed faith.
Should we encourage people to borrow to go to college? The expected returns to a college education clearly say yes. And, our natural bias as university faculty members is to be very supportive. But, we are obliged to caution that what may be true in most cases will not be true in all.
Where are we now? Income disparity soars, student loans threaten to be the next subprime mortgages, and millions of Americans struggle daily to make ends meet. Unmanageable, crippling debt is still harming millions of American families.
Huffington Post Reader Question Dear Steve, My husband and I both went to school at ITT Tech, a for-profit college. My husband got a Bachelor's degr...
This summer marks the first time that young adults like me across Illinois, who are often engaged but not always united, are putting our heads together to debate a better, more comprehensive state agenda for our peers.
An unsettling new normal has emerged in the wake of the Great Recession. There is an evolving relationship between student loan debt and homeownership in America. And it's not a good one.
While it's too late for those who already went to school and racked up high debts, it's not too late for those who are in school now or heading off to school soon. Those members of Generation Y can stop the cycle of racking up debts that will take decades to pay off.
The mantra is everywhere: a college education is the only way to climb out of poverty and create a better life. For-profit schools allow Wall Street investors and corporate executives to cash in on this faith.
In America, people with lots of money can easily avoid the consequences of bad bets and big losses by cashing out at the first sign of trouble. But workers who move to a place like Atlantic City for a job and invest in a home have no such protection.