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 …
student loans
Student Loans: For a Great Deal, Borrow from Alumni
An alumni network at 40 universities looks to make student loans more affordable while cutting the default rate and providing lenders with a decent return.
Student Loans — To Pay For Kindergarten?
The growing mountain of student loan debt we owe has been well-documented, but new research shows a trend that’s even more troubling than Americans going into hock to pay for a college degree: Apparently, some parents are taking …
Sorry, Kids: Your Parents Feel Less Able to Help Pay for College
What a difference five years can make. A new survey from Amerprise Financial shows that parents (and future parents) feel they are much less capable of helping their children foot the bill for college than in years past.
Students, Your Loan Interest Rate Is About to Double
Prepare yourself: on July 1, as many as 8 million college students will see their interest rates on federally subsidized student loans double, from 3.4% to 6.8%. According to the U.S. Public Interest Research Group, that increase …
Why the Student Loan Situation Is Worse Than We Thought
The latest report by the Federal Reserve Bank of New York shows how dire the financial situation has become for college students with outstanding loans.
Internet Campaign Prompts Sallie Mae to Change Fee Policy
Bowing to pressure from an online petition, lending giant Sallie Mae offered to change its fee policy for borrowers who have delayed payments on their student loans. Borrowers who enter into forbearance will now have the …
Are Young People Too Afraid of Debt?
Following the Great Recession many young people have become not merely respectful of debt, as we would wish; but fearful of it, which could set them back.
Obama Wants to Force Colleges to Reduce Tuition, but at What Cost?
In his State of the Union address on Tuesday night, President Obama “put colleges and universities on notice.” Find a way to stop tuition from going up, he told them, or risk losing federal aid money. Following up on that …
How Obama Plans to Stop Big College Tuition Hikes
President Obama said in his state of the union speech that it’s time to cut federal aid to any college that does not keep tuition increases in check. The hope is that they will then find ways to cut costs and make college more …
What To Do If You Can’t Pay Your Student Loans
If you graduated college last spring, chances are over the winter holidays the government delivered a nice present to your door: your first student loan bill.
Why a Business Major is No Longer the Ticket
The Great Recession has dramatically changed the way we value a college education. First came the argument that a college degree isn’t worth the cost. Now we’re bashing the venerable business degree.
