Following up on this morning's post, NY Times: Has IBR Solved the Student Loan Crisis?: New York Times, A Quiet Revolution in Helping Lift the Burden of Student Debt: The change in college financing has a potentially serious drawback when it comes to college pricing. Income-based repayment programs in Australia...
President Obama's proposal for tuition-free community college education, and the broader discussion which it has inspired, confirms our belief that it is time for a comprehensive solution to a $1.3 trillion problem: student debt in the...Show More Summary
Startup lender Earnest has launched a student loan refinancing service offering loans with annual payment rates as low as 1.9%. The flexible loans, with options to change the rates of repayment at automatically reduced rates can save college students roughly $12,500 on average. Show More Summary
New York Times, A Quiet Revolution in Helping Lift the Burden of Student Debt: Has the student loan crisis already been solved? This might seem an absurd question. Student loan debt is at a record high of $1.1 trillion, and the average undergraduate who borrows to attend school graduates nearly...
The average American owes more money in student loan debt today than a decade ago.
There’s no doubt that student loans are a big business. While that business is meant to assist students in attending college, two con artists used the system to line their own pockets, all at the expense of unknowing consumers and the federal government. WJLA-TV reports that the Pennsylvania couple pleaded guilty to conspiracy to commit mail fraud charges after they … [More]
The student loan crisis is not a good excuse for promoting prostitution-adjacent activities. And yet, on Thursday in the Atlantic, there was this: In recent years the rising cost of student debt has given birth to an odd phenomenon:Show More Summary
The Atlantic, Where the Sugar Babies Are: In recent years the rising cost of student debt has given birth to an odd phenomenon: a population of ostensibly generous older men who appear poised to solve the higher-education crisis, one student at a time. Once a relatively underground subculture, this benevolent...
Remember that time Taylor Swift invited you to her house to listen to her new album? Or the time she sent you a special care package? What about when she sent you money to help pay your student loans? Ok maybe that wasn't you, and if you didn't know about this stuff, you're probably thinking we're pulling your leg. Show More Summary
Fox News host Steve Doocy complained on Wednesday that President Barack Obama’s plan to make college tuition free for some students was not fair because he had just paid off his student loans “about two weeks ago.” In his State of the Union address on Tuesday, the president talked...
The first time I moved back home with my folks, I was a 26-year-old with only two suitcases, a deferred NYU student loan, and bank account that was overdrafted by $800 (thanks to a sketchy Vancouver landlord who peaced out with my rent deposit) to my name. I was at chez ‘rents for two-and-half years, […]
With the average graduate now leaving college with more than $28,000 in student loans, it can be difficult to envision just how one might manage to land on their feet. If you happen to be a resident of New York and attended an instite of higher education within the state’s borders, repaying those debts could be a bit easier … [More]
What would you say to shaving off about $10,000 a year from your college expenses? The average college graduate leaves school with more than $29,000 in student loan debt, but one common option to reduce that figure by thousands of dollars is to live at home instead of on campus. Show More Summary
See how your debt stacks up against the average American on credit cards, student loans, autos, and housing.
College is really, really expensive, and student loans are a real bitch, but about a quarter of millennials think they won’t ever have to pay their student loans back. NBC News reports that 24 percent of millennials expect their student...Show More Summary
As President Obama implicitly acknowledged in his recent plan to make attending Community College free for two years, education in America is at a crisis point. Geographies of class and color segregation are cementing inequalities in schools. Show More Summary
She's helping lift the debt load, one lonely Starbucks lover at a time. The pop star that saved higher education. (via Getty) If you're having trouble paying off your debt load, might be time to stop relying on your indie cred and buy a damn Taylor Swift record. Show More Summary
The children of the ’80s are now adults with jobs, who have occasional disposable income between student loan payments. Makers of sugary breakfast cereals are capitalizing on this, re-releasing our childhood favorites for us to eat as snacks or inflict on our own children. Show More Summary
Millions of young people are trapped under a mountain of student loan debt right now. Here are the companies and organizations trying to save them.