Consumer protection maven Sen. Elizabeth Warren, D-Mass., introduced her first piece of legislation this week, a proposal that would allow students to take out government educational loans at the same rate that big banks pay to borrow from the federal government.
Under her Bank on Student Loans Fairness Act, for one year, new student …
Call it the couponing of higher education. After years of skyrocketing tuition costs, many private colleges in the United States are ramping up their financial aid packages in an attempt to attract new students and boost sagging …
With more graduates defaulting on educational loans, schools like Yale and the University of Pennsylvania are taking drastic measures to ensure repayment
The private universities listed in a new “Best Value Colleges” roundup run $54,200 annually for tuition, fees, books, and room and board. That sounds pretty expensive, and it is. Could it also represent a good value? What if students actually paid less than half the list price?
The amount of student loan debt and the rate of delinquency have been climbing for years now. If it seems like every new statistic is worse than the last, that’s because it is. Credit bureau TransUnion says more than half of student loan accounts are in deferral status, and FICO Labs found that a rising number of those debtors aren’t …
The Great Recession has pushed student debt to historic levels, and for the first time ever, almost 20% of U.S. households have outstanding educational loans.
With the start of another school year, the air is once again filled with angst over the high cost of college. But the discussion is shifting. It’s not just about runaway tuition inflation anymore, or even the individual …
At 12 years old, most of us didn’t hold down regular jobs, except for maybe the odd baby-sitting or lawn-mowing gig. But one-fourth of parents today expect their kids to start socking away the contents of their piggy banks to …
It seems like everyone from bloggers to your next-door neighbor doles out financial advice these days. It can be difficult figuring out who to believe, and bad tips can pop up as frequently as thunderstorms in the summertime. In …
Student debt is soaring in the households of the well-off. Will this be a turning point in the way we think about education and how much we are willing to pay for a degree?
Aiming to make the cost of college a little more clear—and easily comparable—the Obama Administration released a new guide on Tuesday to help students understand how much they will have to pay, how much debt they may have to take on, and how likely it is that they will be able to repay the debt.
Although private loans make up a relatively small slice of the roughly $1 trillion in outstanding student debt, a new report from the Consumer Financial Protection Bureau in conjunction with the Department of Education shows that …
