Social mobility in the United States is at or near its lowest point in modern history. A nation that prides itself on the "only in America" myth has fallen far behind other countries in this, the primary measurement of an equal-opportunity society. In the midst of this class ossification, higher education remains a powerful tool for social mobility.
If you are in your 20s and in debt it can seem like a gargantuan task to throw that monkey off your back. Do not despair my young friend. It may seem impossible to clear that debt, but it's actually much easier than you think.
It's still all too easy to get ensnared in a nasty debt trap that could derail your finances and prevent you from accomplishing your dreams.
As kids across America are celebrating their college acceptance letters, parents of high school seniors are freaking out over the quarter-million-dollar question (as some private school sticker prices hit $60,000): How are we going to pay for it?
Huffington Post Reader Question Dear Steve, parent plus loans..2 children, now coming due/working full time but loan payments are out of sight. All ...
Huffington Post Reader Question Dear Steve, I just read your article and am hoping you can assist me. I'm already on a loan forgiveness plan, I ...
"At this point I can never even imagine a reality of owning a home or business until these loans are paid off, which is still at least 10 years away. Is there anything I can do to make a solid impact on my debt, and start reversing the cycle?"
I never thought I would be at odds with a president I voted for twice over a program started by George W. Bush, but that is where I find myself now.
The scammers are ahead of the experts on selling student loan solutions. It's not unusual at all for me hear from people who were charged $20,000-$37,000 for student loan help that's available for free.
Dear Sallie Mae, I would like to thank you for lending me a massive amount of money so that I could get a higher education. I wouldn't trade my time ...
Students around the country have families who have been evicted from homes; parents who have used their retirement accounts to pay the mortgage until it ran dry; rent and student loan payments that leave them with less than 50 dollars a month with which to buy food.
If this proposal passes as is, I fear the benefits of education will not outweigh the burden of debt for most Americans. Education is a key component to the economic success of a country, but in America, it is becoming a more of a financial hindrance than a career gain.
In July of 2012, after a two-year investigation, the Senate HELP Committee released a scathing report on the for-profit college industry. The investig...
Being student-loan-free means I'm old. As in, I should have my life figured out by now. I should be married (which I'm not), have kids (which I don't) and know what I want to do career-wise (again, I don't). I'm almost 29 and don't know what the rest of my life will look like.
For those of us in the early part of our financial life-cycles, the little things can make a big difference. This is especially true for student loan borrowers like myself.
It seems that the government is gathering kindling for a big bonfire.