A new survey shows that Americans will collectively spend more than $4.7 billion on gifts for students graduating college or high school this year. For some perspective, our country’s collective student loan debt has cracked the …
Student loan debt
Has Graduation Season Become the Most Depressing Time of Year?
College graduation used to be filled with hope and excitement. Lately, though, it seems as if the feeling most likely experienced while dressed in cap and gown is that of dread, with visions of a future burdened by unemployment, …
Is Forgiving Student Loan Debt a Good Idea?
Every few weeks now a petition pops up in my Facebook newsfeed urging the government to forgive all student debt. The comment from the person posting the petition usually goes something like this, “Guessing this will never …
60 and Still Not Out of Student Loan Debt: Seniors Facing $36 Billion in College Loans
Student loan debt is usually thought of as a young person’s problem. Those who earned their degrees in 2010 graduated with what was then a highest-ever average of $25,250 in student loans, and considering that education costs are …
Talk About ‘Old Money’: Old Folks Got Richer, Young People Much Poorer Over the Years
We’ve all heard of how the rich have gotten richer over the past several decades—the “great divergence,” as it’s been called, in which a small portion of the population has garnered an increasingly outsized percentage of net …
Obama’s Student Loan Plan to Offer Welcome Debt Relief
In a move sure to be popular with recent college graduates, the Obama Administration released details of a plan Tuesday that will ease the burden of student loan debt.
Credit Scores Down But Credit Card Debt Up
Numbers don’t lie, but sometimes they don’t tell the whole story. Credit score and product site CreditKarma.com compared the amount of credit card, mortgage and student loan debt in each state, along with each state’s average …
Scariest Student Loan Debt Numbers Ever: $100 Billion, $1 Trillion
For the first time ever, the total amount of student loans taken out last year in the U.S. topped $100 billion. And sometime this year, it’s expected that outstanding student loan debt will hit $1 trillion—also for the first time ever.
FTC Blasts Government Debt Collectors For Abuses
It’s not unusual for a government agency to go after rogue debt collectors, but it’s rare that those collection firms are operating on behalf of another federal agency.
Student Loan Delinquency Rate on the Rise
If you believe conventional wisdom, student loans are “good” debt: They’re safe, lead to higher incomes, and generally pay off in the long run. The problem is that an increasing amount of evidence is showing that this thinking is distinctly unwise.
Demand for Student Loans and Car Loans Increases
According to the Federal Reserve, non-real estate consumer debt increased by $7.2 billion during the month of April, as consumers borrowed with abandon to buy cars and pay for college. Farewell, new-found thriftiness.
