USA Today reports on a popular new trend among pricey private colleges looking to compete with more affordable public colleges: promises to help students repay their loans.
In spite of the mild economic recovery we’re experiencing, the percentage of homeowners who are underwater on their mortgages — that is, they owe more than their homes are worth — has barely budged.
A recent study led by Ohio State University Professor Rachel Dwyer yields a shocking, appalling, and mostly just terrifying conclusion: Many young people feel empowered by their student loan debt — and even by their credit card debt.
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.
Lambuth University in Jackson, Tenn., has just 400 undergraduates and has been plagued by financial and regulatory issues for years. In April, the college announced that it would close June 30th.
Everyone knows someone who grew up during the Great Depression, and as a result, eats green beans out of the can and sews up holes in socks.
The media is abuzz with analysis of the latest housing data. Many outlets are running with the “housing tanks” headline, Slate pondered the benefits of renting’s increasing popularity, and our own bleary-eyed real estate guru Ali …
A quarter wouldn't be able to come up with $2,000 at all, and another 19% would have to pawn or sell some of their possessions to do so.