Mortgage and credit card debt today are lower than they were before the Great Recession. But the dollar value of outstanding student loans has surged, growing from 4% of GDP in 2007 to over 7% today. The facilitator has been the U.S. government. The U.S. Treasury earmarks part of its regular borrowing from the public […]
In the last four years since I defaulted on my loans I was never asked to pay them.
Recently announced news has shown student loans in America have now topped $1 trillion, and a lawsuit showcases the dangers of attending ITT Educational Services, but a college degree is still wildly valuable.
I just read a piece on the HealthyStates.org site that summarized a roundtable discussion about how to get young adults… READ MORE The post Student Loan Debt and ‘ObamaCare’: Could a Marriage Be Made? appeared first on Affordable Schools Online.
When I was a child, I was told that if I worked hard and went to college then I would have a good job (and by extension, a good life). I would be able to afford what was once considered the basics: A home, a family, food on the table every night. Show More Summary
Student activists demonstrate against the rising costs of student loans in Los Angeles in 2012. Photo by David McNew/Getty Images WASHINGTON — The for-profit college industry says it will vigorously oppose proposed regulations by the...Show More Summary
My debt journey can be summarized as follows: 0 to 18yrs old: Debt free because I was too young to have debt 18 to 24: Legally allowed to have debt, so why not rack up $28,000 in student loans 24 to 27: Live debt free after realizing I hated Sallie Mae with a passion 27 […]
The one thing you've got to say about Miriam "Duke Porn Star" Weeks is that she's probably not racking up much in the way of student loans at Duke University.
by The Editors Today's blog posts: Student loan debt is not just an economic problem, it’s a marriage problem - Joe Carter David Cameron presides over largest liberalisation of abortion practice since 1967 Abortion Act - Peter Saunders Connecticut Gov. Malloy is unlikely to support assisted suicide…
by Joe Carter Senator Elizabeth Warren (D-MA), a potential 2016 presidential candidate, recently argued that Congress should hike taxes on families and small businesses making more than $1 million, then use the tax revenue to let debt-ridden students refinance their college loans. As a progressive redistribution scheme…
Butch Dill/AP By Lindsay Meredith In our Money Mic series, we hand over the podium to people with controversial views about money. These are their views, not ours, but we welcome your responses. Today, one woman explains why she can't...Show More Summary
The biggest stories from Monday’s world of finance.
Download mp3 DebtFreeMuslims.com Podcast Episode 3 This episode is brought to you by MuslimMatters.org – because Muslims matter. This episode covers- A Continuous Charity – Aimed at providing interest free student loans to students. Education is a need, but very few people are actually working for interest-free relief for students. Organization started with focusing on...
This guy is enrolling at the University of Miami’s law school this fall: So I will be taking out student loans to finance my legal education. I believe I am setting myself up well to get a p[ublic] s[ervice] l[oan] f[orgiveness] eligible job as I have been interning at a government agency (that has already [...]
Increase borrowing in January on autos and student loans but cut back on their credit card use
Another month down, another month in which US consumers deleveraged by paying down their credit cards. Although that is not exactly correct: as we showed recently, the New Normal source of credit has nothing to do with revolving debt,...Show More Summary
Image Source: http://goo.gl/Ap9yVv The goal of the technology lending program appears to be a desire to ensure students have access to "loaned equipment" for learning at school and at home. Could this be a move to provide students with...Show More Summary
Despite warnings from various members of the Fed that Student Loans are becoming troublesome, we suspect President Obama's address this afternoon on expanding opportunities to go to college will be nothing but more pumping free money into a hyper-inflating (and increasingly worthless) higher education system... Show More Summary
I feel very lucky that I had to google “How do student loans work?” because I don’t need them.
Sen. Elizabeth Warren (D-MA) laid out a new plan to dramatically lower the federal student loan interest rate on Thursday… READ MORE The post Sen. Warren: Higher Ed, Not Debt appeared first on Affordable Schools Online.