Student Loans

Student Loan Defaults: 1 In 5 Borrowers Who Attend For-Profit Colleges Default Within 3 Years

AP | JUSTIN POPE | Posted 12.14.2009 | Business

Read More: Federal Student Loans, Student Debt, Student Loans, College, Department of Education, Student Loan Defaults, Business News

More than one in five borrowers of federal student loans who attend for-profit colleges default within three years of beginning repayment, new figures...

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Pell Grant College Aid Program Will Fall $18 Billion Short

AP | LIBBY QUAID | Posted 12.10.2009 | Politics

Read More: University, Government Aid, Education, Pell, Pell Grant, Financial Aid, Higher Education, College Aid, Private Loans, Student Loans, Student Aid, Politics News

WASHINGTON — The Pell Grant program for needy college students is facing a massive shortfall as the country's bleak job market drives people bac...

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Harvard Stops Free-Tuition Program For Students Pledging To Go Into Public Law

AP | RUSSELL CONTRERAS | Posted 12.03.2009 | Home

Read More: Boston, Law, Tuition, Larry Summers, Economy, Non-Profits, Harvard, Law School, Student Loans, Recession, Government, Drew Gilpin Faust, Harvard Law, Public Law, Endowment, Cambridge, Home News

CAMBRIDGE, Mass. — Harvard University's law school will stop offering a year of free tuition to students who go into public service law after gr...

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Private College Salaries Of More Than $1 Million Paid To 23 Presidents

AP | JUSTIN POPE | Posted 11.02.2009 | Home

Read More: David J. Sargent, Salaries, Tuition Increases, Pay, Tuition, College President, Renssealear Polytechnic Institute, University President, Private Universities, University of Tulsa, Shirley Jackson, Shirley Ann Jackson, Steadman Upham, Student Loans, Students, Suffolk University, David Sargent, President, Presidents, Costs, University, College, Salary, Chronicle of Higher Education, Higher Education, Private Colleges, Executive Pay, Home News

The fast-growing group of millionaire private college and university presidents hit a new record in recent years, and it's likely more college leaders...

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Canary in the Coal Mine: Student Loans

Amitai Etzioni | Posted 10.20.2009 | Politics

Read More: Regulation, Wall Street, Student Loans, Barack Obama, Congressional Democrats, Lobbyists, Senate Democrats, Family Education Loan Program, Politics News
Amitai Etzioni

If the Democrats cannot show that the existing arrangement constitutes a raid of the public treasury, do not expect them to do so on the much more complicated issues of credit swap controls.

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Student Loans The "New Indentured Servitude": The Atlantic

The Atlantic Business Channel | Mike Konczal | Posted 10.12.2009 | Business

Read More: College Students, Job Market, Dissent Magazine, The Atlantic, Indentured Servitude, Fafsa, Student Loans, Recession, Business News

The Wall Street Journal ran a post over the weekend about a new credit crunch among low income borrowers, noting it is now 'payback time.' What they d...

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Mortgage Delinquencies: SEE Which Counties Have Been Hit the Hardest (MAP)

Posted 10.09.2009 | Business

Read More: Auto Loans, Consumer Credit, Mortgage Defaults, Student Loans, Housing Crisis, Home Foreclosures, New York Federal Reserve Bank, Business News

Where is the mortgage crisis wracking the most damage? These handy maps, courtesy of the New York Fed, track changes in mortgage delinquency rates by ...

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Private Student Loans Would Be Killed By House Bill

AP | LIBBY QUAID | Posted 11.17.2009 | Politics

Read More: Private Student Lenders, College Loans, Student Loans Bill, Private Student Loans, Federal College Loans, Student Loans, House Student Loans Bill, Politics News

WASHINGTON — The House voted Thursday in favor of the biggest overhaul of college aid programs since their creation in the 1960s – a bill ...

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Students Borrowing Dramatically More To Pay For College

The Wall Street Journal | ANNE MARIE CHAKER | Posted 10.18.2009 | Home

Read More: University, Standard of Living, Student Debt, College Graduates, Banks, Student Loans, Credit Cards, Higher Education, Stafford Loans, Debt Load, U.S. Education Department, College, Federal Aid, Borrowing, Pell Grants, Personal Finance, Home News

Students are borrowing dramatically more to pay for college, accelerating a trend that has wide-ranging implications for a generation of young people....

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City Colleges Student Loan Debit Card Program Illegal: Feds

Chi-Town Daily News | Peter Sachs | Posted 08.21.2009 | Chicago

Read More: City Colleges Debit Card, Chicago City Colleges, City Colleges of Chicago, Student Loans, Chicago News

The City Colleges must scrap its fee-laden debit card program for student loans because the fees are illegal, the U.S. Department of Education said in...

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Burying Ben Franklin

Daniel Krotz | Posted 08.07.2009 | Business

Read More: Dan Krotz, Berryville, Bookseller, Ben Franklin, Student Loans, Arkansas, Business News
Daniel Krotz

My friend is depressed by how things are turning out. He realizes how unreflective he has been, and he has suddenly realized how badly people are being served by our institutions.

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Connecting College Students and Alums in Peer-to-Peer Lending

Joshua Kushner | Posted 08.06.2009 | Living

Read More: Financial Aid, Peer to Peer Lending, College Debt, Entrepreneurship, Student Debt, Student Loans, The Giving Life, Living News
Joshua Kushner

Over a month ago we launched UniThrive.org, a not-for-profit website that connects college students with alumni in order to facilitate peer-to-peer, alumni-to-student microloans.

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How High is Too High for the Cost of Higher Education?

Manisha Thakor | Posted 08.02.2009 | Business

Read More: College Tuition, Debt, Graduate School, Personal Finance, Higher Education, Student Loans, Cost of Higher Education, Business News
Manisha Thakor

For years the subliminal messaging we received was that "no price tag is too high for a quality higher education." It may be time to ask if that graduation cap tassel is really worth the financial hassle.

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New Benefits Make Student Loan Repayment More Manageable and Affordable for Millions

Rep. George Miller | Posted 08.01.2009 | Business

Read More: Rep. George Miller, College Cost Reduction and Access Act, Student Loans, Making College Affordable, Business News
Rep. George Miller

In this economy, every little bit of help counts. For the class of 2009, these benefits may be just the graduation gift they've been waiting for.

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Student Loan Forgiveness Initiative Gaining Momentum?

Jon Chattman | Posted 07.31.2009 | Politics

Read More: Website, Gm, Grassroots, Economy, Middle Class, Stimulating the Economy, Obama, Democracy, Robert Applebaum, Student Loans, Facebook, U.S. Senate, Unemployment, Town Hall, Blog, College, Student Loan Forgiveness, Councilman, Politics News
Jon Chattman

With the lack of jobs for new graduates, as well as older borrowers, there is a looming student loan bubble about to burst.

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Protecting Students From Credit Card Debt

Beth Kobliner | Posted 07.31.2009 | Business

Read More: Credit Crisis, Credit Card Debt, Credit Cards, Student Debt, Student Loans, Financial Literacy, Business News
Beth Kobliner

Today, the culture of debt our children have inherited, and embraced, should be regarded as a national crisis and reacted to accordingly. To this generation, debt is far from a dirty word.

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Time to Forgive, Forget, and Find a Little Jubilee

Randall Amster | Posted 07.26.2009 | Business

Read More: Debt, Jubilee Act, Bailout, Credit Card Debt, Forgiveness, Student Loans, Stimulus, Jubilee, Prisoners, Prisons, Decriminalization, Third World Debt, Business News
Randall Amster

Money is the means to everything from food to sex, so it's no surprise what people are willing to do to obtain it, from criminal activities to simply ignoring the rising tide.

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"Student Loan Sinkhole?" Garners Huge Response

Joel B. Schwartzberg | Posted 07.23.2009 | Media

Read More: Pbs, College Loans and Debt, Debt, Debt Collectors, Bankruptcy, Eviction, Now, Student Loans, Now on PBS, Sexual Assault, Media News
Joel B. Schwartzberg

What would you do if -- as a college-educated young mother -- you lost your job, had debt collectors calling you incessantly, and were just evicted from your home?

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Community Colleges Get Some Respect

Anya Kamenetz | Posted 07.23.2009 | Politics

Read More: College Students, Community Colleges, College, Student Loans, Middle Class, Politics News
Anya Kamenetz

Obama's administration has been unusually respectful of the role of community colleges.

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STUDY: Most Students Stressed, Some Depressed

AP | NANCY BENAC and TREVOR TOMPSON | Posted 06.21.2009 | Living

Read More: College Students, Stress, Depression, Student Life, GPA, College, Students, Student Loans, Living News

WASHINGTON — Stress over grades. Financial worries. Trouble sleeping. Feeling hopeless. So much for those carefree college days....

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Ryan Grim

Obama To Nelson: We're Going Around You

HuffingtonPost.com | Ryan Grim | Posted 05.25.2009 | Politics

Read More: Ben Nelson, Ben Nelson Nebraska, Conservative Democrats, Barack Obama Nelson Mandela, Student Loans, Barack Obama, Politics News

It might not be the most glamorous hill, but it's the one that Sen. Ben Nelson (D-Neb.) has vowed to die on. President Obama, however, isn't going to ...

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Arthur Delaney

"Too Small To Help": No Relief For Students Trapped In Debt

HuffingtonPost.com | Arthur Delaney | Posted 05.10.2009 | Business

Read More: Debt, Sallie Mae, Student Loans, Business News

A new report released Thursday on the private student lending industry offers a bit of deja vu. "It's the same sad story: irresponsible lending," say...

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Shut Out: How the Cost of Higher Education Is Dividing Our Country

Andy Kroll | Posted 05.03.2009 | Business

Read More: College Loans and Debt, College Endowment, University of Michigan, Financial Aid, College Endowments, Michigan, Student Loans, Business News
Andy Kroll

Welcome to the other crisis spreading quietly across the country: the crisis of college affordability.

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American Students Hit Hard By Rise On Credit Card Interest Rates

The Huffington Post | Matthew Palevsky and Thibault Chareton | Posted 08.03.2009 | Politics

Read More: College Students, Politics, Debt, Credit Debt, Los Angeles-California, Credit Card Interest Rate Laws, Credit Crisis, Credit Cards, American Students Hit Hard, Student Loans, Pirg, Politics News

Surging credit card rates over the past few months have created a desperate situation for many college students and graduates. While the percentage o...

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Sunday Roundup

Arianna Huffington | Posted 04.21.2009 | Politics

Read More: Wall Street Bailout, Bailout, Aig Bonuses, Auto Loan, Banking Crisis, Zombie Banks, Tonight Show, Obama on Leno, Student Loans, Obama Special Olympics, Politics News
Arianna Huffington

Barack Obama's Special Olympics line on Leno got all the headlines, but the night's real money quote was his saying that his administration plans to "set up a securitized market for student loans and auto loans outside of the banking system" in order to "get credit flowing again." Excuse me, but isn't that what the $700 billion bank bailout was supposed to do? So what happened? Instead of lending the billions we gave them, Obama explained to Leno, the bailed out banks "are keeping it in the bank because their balance sheets had gotten so bad." Imagine that: zombie banks using taxpayer money to stay afloat. If the White House really didn't see that one coming, it's no wonder the ferocity of the public's reaction to the AIG bonuses caught them so off-guard.

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