Articles
How Much Will It Matter If Student Loan Interest Rates Double?
The bell has been rung in the next round in the fight over student loan interest rates, and borrowers could take it on the chin this time. On July 1, if Congress...
Student Loan Debt Crisis: How’d We Get Here and What Happens Next?
The amount of student loan debt and the rate of delinquency have been climbing for years now. If it seems like every new statistic is worse than the last, that’s...
Is the Student Loan Debt Crisis Worse Than We Thought?
A new report from the Federal Reserve Bank of New York delivers generally positive news about the economy with one glaring exception student loan debt The amount...
The Student Debt Epidemic: 1 in 5 Households Now Owe Student Loans
The Great Recession has pushed student debt to historic levels, and for the first time ever, almost 20% of U.S. households have outstanding educational loans...
New Frontier in Student Debt: It Stifles the Housing Recovery
With the start of another school year, the air is once again filled with angst over the high cost of college. But the discussion is shifting. It’s not just about...
Student Debt: Why Even the Affluent Struggle
The financial devastation wrought by excessive student debt is hitting even affluent households, a turn that might finally lead to meaningful change in the way...
Are College Kids Blowing Their Student Loan Money on Clothes and Beer?
The student loan debt crisis is massive. Americans owe more than $1 trillion in student loans, and according to a July report by the Consumer Financial...
Subprime Private Student Loans: No Way Out
Although private loans make up a relatively small slice of the roughly $1 trillion in outstanding student debt, a new report from the Consumer Financial...
Why Have So Few Student Loan Borrowers Taken Advantage of Income Based Repayment?
Last week, the Obama Administration outlined a plan to make more borrowers aware of the Income Based Repayment (IBR) program, and make it easier for those who...
What Student Debt Crisis? Survey Says We’ll Spend $5 Billion on Graduation Gifts
A new survey shows that Americans will collectively spend more than $4.7 billion on gifts for students graduating college or high school this year. For some...
Insult to Injury: Rise in People with Student Loan Debt—and No College Degree
It’s bad enough to graduate from college with a mountain of student loans in a world where the prospects of landing a good job are terrible. But at least grads...
Stop Fighting Over Interest Rates — There’s a Better Way For Congress To Fix the Student Debt Crisis
Interest rates on federal subsidized Stafford loans were cut from 6.8% to 3.4% during the current economic downturn. This “temporary” reduction is scheduled to...
The Online Campaign to Forgive Student Debt: A Delusional Stimulus Plan?
Every few weeks now a petition pops up in my Facebook newsfeed urging the government to forgive all student debt. The comment from the person posting the...
60 and Still Not Out of Student Loan Debt: Seniors Facing $36 Billion in College Loans
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...
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...
Class Notes: Student Debt, Virginia Tech and More Education News
Students Protest Student Loan Interest Rate Increase College students delivered 130,000 letters to Congress on Tuesday in protest of the scheduled doubling of...
