In a stunning example of how a political movement can actually change lives, the Strike Debt project has raised over $100 thousand to purchase and abolish student loans for a group of recent grads with a punishing amount of debt. They hope to turn this into a national movement. Read more...
Americans owe more than $1 trillion in student loans. The amount of debt per-capita is $24,300. More than 11% of it - that's roughly $110 billion - is delinquent or in default, and the delinquency rate is higher than all other typesShow More Summary
If you’re one of the millions of consumers saddled with hard to repay student loan debt, you’ve probably dreamed of the day when your repayment obligation is finished. While it will take most of us years to reach that fine day, others are finding their student loan debt have been paid in full by a group of strangers. NPR reports… [More]
Happy anniversary to my favorite movement builders! On the third anniversary of the Occupy Wall Street movement, the Rolling Jubilee has, for the first time ever, bought and abolished student debt: $3,856,866.11 of student debt owedShow More Summary
All the students whose debts were abolished went to the for-profit Everest College
With the price of tuition increasing each year and more families unable to save for future college costs, prospective students often turn to private and federal student loans to finance their education. But with one-in-three studentShow More Summary
A bill that would have allowed millions of private and federal student loan borrowers to refinance their debts to the lower rate currently being issued on new federal and private student loans was once again blocked in the Senate. The Bank on Students Emergency Loan Refinancing Act, which was first introduced by Massachusetts Sen. Elizabeth Warren in May, … [More]
HIGHER EDUCATION BUBBLE UPDATE: Student Loan Debt Increasingly Burdening The Elderly. “A]n estimated two million Americans age 60 and older … are in debt from unpaid student loans, according to data from the Federal Reserve Bank of New York. Its August Household Debt and Credit Report said the number of aging Americans with outstanding student [...]
How else will they repay their student loans for art school? read more
Belle Knox is the subject of a new Condé Nast Entertainment docuseries, which chronicles her journey from college student swamped in student loan debt to fledgling porn performer to The Duke Porn Star. Read more...
People love to talk about bubbles. In the markets today there seems to be near-constant hand-wringing about whether we're in a bond bubble now, or if the Fed is inflating a stock bubble, or if there is a bubble in student loans. AndShow More Summary
Duke porn star Belle Knox, a.k.a. Miriam Weeks, is the subject of a new docuseries from Condé Nast Entertainment. In the first chapter, Weeks describes the shock of her first $4,300 student loan payment. "I don't have the savvy to be a drug dealer, or the connections, but I do love... More »
While we continue to wait for the Senate to take up a bill that would make it possible for borrowers to refinance private and federal student, one bank is taking matters into its own hands. Citizens Financial Group announced today that it would begin accepting applications from both parents and students to refinance loans at possibly lower rates. The … [More]
New York Times: Student Loan Debt Burdens More Than Just Young People, by Elizabeth Olson: [A]n estimated two million Americans age 60 and older... are in debt from unpaid student loans, according to data from the Federal Reserve Bank of New York. Its August Household Debt and Credit Report...
An estimated 2 million Americans age 60 and older are in debt from unpaid student loans, whether from money borrowed long ago or from more recent borrowing to fund degrees for family members. And some are having their Social Security...Show More Summary
Doing good in the world hardly ever pays you big bucks. Fortunately, there are a growing number of options that can help you pay down your student loan debt if you volunteer or work full-time in a government or non-profit job. Pay Off Your Student Loans By Doing Good In The World appeared first on Money Under 30. © Moneyblogs, LLC.
Here's how three people, each of whom tackled at least $80,000 in student loans, beat their debt and never looked back.
CBS MoneyWatch contributor Ray Martin helps you avoid tax and financial aid pitfalls when paying for your child’s education.
Whenever average Americans rip off insurance companies, it generally gets reported widely. Hardworking honest Americans are usually appalled. Most importantly, the perpetrators of the crime are generally sent to jail. After all, if there is no penalty for cheating, said cheating will continue and grow. Huffington Post reported the following: The U.S. Show More Summary
MICHELLE FIELDS INTERVIEWS RICHARD VEDDER: Failure Penalty: Should Colleges Have Skin in the Student Loan Game? I certainly think so.