updated Sat. August 31, 2024
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The Oracle
April 23, 2018
Student debt is not distributed equally because pay is not distributed equally. Working to close pay inequality would help resolve the disparities in debt. Women and people of color are disproportionately burdened by higher debt. The American Association of University Women (AAUW) reports that the debtÃâà...
Student Loan Hero (blog)
April 21, 2018
Dealing with student debt after graduation is tough. High loan balances and monthly payments can make it difficult for you to make ends meet. They can even cause you to put off pursuing other goals, such as getting married or buying a home. However, an updated report on the financial health of youngÃâà...
Student Loan Hero (blog)
April 20, 2018
... payments will be after you graduate. The easiest way to do so is using our student loan payment calculator. This will tell you what the student debt you take on now will look like once you have to repay it. How financially burdensome will this debt be? Will the monthly payment lead to student debt burnout?
Above the Law
April 20, 2018
Lawyers are able to consolidate their loans into one loan, which removes some of the mental burden around managing student debt. There are no fees to refinance, and in doing so, lawyers get access to lower rates, lower payments, a private banker, and a host of other services that help set them up forÃâà...
New York Times
April 20, 2018
Student debt is America's $1.4 trillion problem, and it disproportionately affects women, who hold nearly two-thirds of that debt and take longer to pay it off, due in part to the gender pay gap. It's important to note that not all American institutions are the same, nor are the experiences of different groups. AcrossÃâà...
Above the Law
April 18, 2018
As most of us know from firsthand experience, the law school admissions process is very complicated. Indeed, it is oftentimes difficult to evaluate whether an individual should attend law school, which law school one should attend, and how much student debt should be borrowed to finance a legalÃâà...
BBC News
April 18, 2018
The high interest rates, which begin the moment you start university, are one of the most contentious aspects of the student debt debate. It is the middle earners who are most likely to feel the long-term impact of higher interest rates. That's because if your earnings are low as a graduate, a larger part of your total loan is likelyÃâà...
WFMYNews2.com
April 18, 2018
The 10 states where student debt is big problem. Author: Annie Nova, CNBC. Published: 3:56 PM EDT April 13, 2018. Updated: 10:00 AM EDT April 18, 2018. Students pull a mock "ball & chain" representing the $1.4 trilling outstanding student debt at Washington University in St. Louis. Paul J. Richards, AFP/Getty Images.
CNBC
April 18, 2018
It may be getting easier for some disabled veterans to erase their student loan debt. The Department of Education announced Monday that it will partner with the Department of Veteran Affairs to identify disabled student loan borrowers who are eligible for debt forgiveness. Such borrowers will be notified ofÃâà...
CNBC
April 17, 2018
"I am concerned that the looming shadow of student debt, coupled with increasing uncertainty about loan forgiveness programs and income-driven repayment, may dissuade some potential students, particularly those from low- and middle-income families, from going to college," Harker said in preparedÃâà...
U.S. News & World Report (blog)
April 13, 2018
This may be because many advisers often feel ill-equipped to guide students on financial aid and student debt issues. In the survey, only 21 percent of counselors reported receiving any formal training in handling questions on student debt. The survey also found that 55 percent said they were prepared toÃâà...
Journal Gazette and Times-Courier
April 13, 2018
CHARLESTON -- Students who owe money to public universities and community colleges in Illinois would not be prohibited from registering for classes under a proposed measure, and local higher education officials are worried. The bill under consideration in Springfield also would permit students with aÃâà...
NBCNews.com
April 13, 2018
Though the student debt crisis has considerably worsened since then (now topping 1.48 trillion and likely to increase as universities get even pricier), it looks like misconceptions still abound. A new survey by Student Loan Hero (SLH) found that 52 percent of borrowers think interest doesn't accrue whileÃâà...
MarketWatch
April 13, 2018
Policymakers, advocates for older Americans and student loan borrowers, and the public at large have started to take notice of seniors' challenges with student debt, thanks in part to reports from the Consumer Financial Protection Bureau and the Government Accountability Office. The data released thisÃâà...
Inside Higher Ed
April 12, 2018
Though Goldrick-Rab has acknowledged that students with hunger issues may be overrepresented in the results, other recent research from the Institute for College Access and Success has found that average student debt is rising. At graduation in 2016, it ranged from $20,000 in Utah to $36,350 in NewÃâà...
CNBC
April 11, 2018
All you optometrists: No, you don't need to have your eyes examined. You really do have that much student debt — a median payment of $1,369 a month, or nearly 15 percent of income. A new report by the online loan marketplace Credible.com, looked at which degrees lead to the most debt. It analyzedÃâà...
Inside Higher Ed
April 6, 2018
A new web tool from the Urban Institute reveals the geographic distribution of student loan debt, with interactive data on debt levels and the share of people who took out student loans at both state and county levels. The Northeast and Midwest have the highest portions of college students who borrow (45Ãâà...
The Cheat Sheet
April 3, 2018
Greenwood's 14.05% unemployment rate and high housing and transportation costs make it an unfriendly place for job-seeking millennials deep in student debt. Millennials in the area reportedly have the lowest credit scores nationwide. Next: If you have a degree, you might not be able to find a good jobÃâà...
KDRV
April 3, 2018
Today Oregon's Senator Jeff Merkley joined Oregon Institute of Technology President Nagi Naganathan and Klamath Community College President Roberto Gutierrez in pushing for the Debt-Free College Act, legislation that will reverse the growing student debt crisis in Oregon and across the United StatesÃâà...
New York Times
April 2, 2018
In America, college student loan defaults are a really big problem. In Australia? No worries. By Matthew Chingos and Susan Dynarski. April 2, 2018. Image. We chose these nations to learn from the differences in their student repayment approaches, not necessarily because they all belong among the bestÃâà...
Detroit Free Press
March 24, 2018
If you're keeping a list of all the ways the world Americans have known could come crashing down on our heads, here are a couple more: student debt and Social Security. About 5 million Americans are currently in default on their student loans, with the default rate expected to approach 40% by 2023.
Big Island Now
March 23, 2018
U.S. Sen. Brian Schatz (D-Hawai'i) led 32 other members of Congress in introducing the Debt-Free College Act on Thursday, March 22, 2018. The legislation will reverse the growing student debt crisis in the U.S. and restore a path to affordable college by providing states incentives through matching grantsÃâà...
CNBC
March 23, 2018
Sixteen of the congressional members with student debt are in their first term, but age isn't necessarily a primary reason these reps hold debt. ... Republican congressman Trey Gowdy reported owing more student debt than any other lawmaker in the House or the Senate. He took on more than $150,000 inÃâà...
Student Loan Hero (blog)
March 23, 2018
What's more, cryptocurrency could change the economic landscape as we know it. Advocates of cryptocurrency seek a decentralized economy that relies on digital money to handle transactions around the world. However, this technology has some serious growing pains to go through if it's going to catchÃâà...
Above the Law
March 21, 2018
I receive a number of interesting emails from readers of this column and my website Student Debt Diaries. And definitely feel free to reach our to me with any questions or input that you may have! One question I have been asked numerous times is whether I would borrow student loans all over againÃâà...
Texarkana Gazette
March 21, 2018
There is an old saying that nothing in life is certain except death and taxes. You can add something else to that list: Student loan payments. For generations, we have been told the surest path to success was to go to college and get a good job. And that's pretty much been true. But the price of higherÃâà...
The Morning Journal
March 21, 2018
Policymakers have been struggling to identify ways to deal with America's staggering student loan debt. As of January 2018, Student Loan Hero estimated total outstanding student loan debt at $1.48 trillion, affecting 44 million Americans. Thanks to this debt burden, young Americans are having difficultyÃâà...
The 401(k) Specialist (blog)
March 21, 2018
Based on each respondent's unique amount of student debt and how many months they chose to delay retirement, 37.64 percent of them would erase 100 percent of their student debt, while 8.78 percent would erase between 99 percent and 75 percent of their debt. Fully 24.48 percent would eraseÃâà...
News 5 Cleveland
March 21, 2018
The report analyzed data on student debt and repayment released by the U.S. Education Department in Oct. 2017 and projected that about 40 percent of students who entered college in 2004 will default by 2023. Therefore, these numbers are a prediction for the future, but Kucinich presented theseÃâà...
KAGS News
March 21, 2018
People with massive student debt hope President Trump will let them declare bankruptcy ... Loan Justice, that the Education Department was requesting public feedback on whether it's too difficult for Americans to erase their student debt in bankruptcy, signaling it may consider making the process easier.
The American Prospect
March 21, 2018
Last week, Betsy DeVos and the U.S. Department of Education did something uncharacteristic. In an extraordinary announcement, the Department argued that states do not have authority to oversee student loan companies operating in their states and that regulation should be left to the federal governmentÃâà...
PolitiFact
March 20, 2018
Scott-Clayton projected that about 40 percent of the students who entered college in 2004 will default by 2023, based on patterns of defaults from earlier cohorts. While Kucinich wrote about student debt as a broad problem, the Brookings report said default rates are higher for students who attend for-profitÃâà...
The Federalist
March 19, 2018
We have a student debt crisis, but the real issue isn't the number on the balance sheet. It's a generation trapped in perpetual adolescence, confused about how to get out. Years ago, people in their early twenties used to have mortgages, marriages, and children to take care of. Things have changed in waysÃâà...
CNBC
March 19, 2018
Many student loan borrowers, some of whom are over six-figures in debt, rule out bankruptcy as a route to erase their loans because it's too hard to qualify. The Trump administration has signaled that it's evaluating the accessibility of that option. A more open path to bankruptcy for student borrowers couldÃâà...
Drew Today
March 16, 2018
March 2018 – In an analysis of risks and rewards of attending college, Drew University ranks in the top third nationally. The analysis, by LendEDU, defines risk as the average student loan debt per borrower and reward as early career pay. On average, Drew students graduate with $16,767 in loan debt andÃâà...
MarketWatch
March 7, 2018
Student debt isn't typically part of the conversation when we talk about women's rights. But stories like Morgan's and the data bolster the argument that it should be. Women hold the bulk — nearly two-thirds — of the nation's outstanding student debt, according to the American Association of UniversityÃâà...
Radiology Business
March 3, 2018
With an average $190,000 owed after graduate programs, early-career radiologists are often faced with six-digit debt straight out of school. And while medical students used to be able to defer loans during residency, that loophole was closed in 2007 with the passing of the College Cost Reduction andÃâà...
INSIDER
March 3, 2018
A growing number of Americans are racking up high student debt— and they won't be paying it back anytime soon. A study by The Brooking Institution found that, of the more than 40 million Americans who have student debt, 14 percent owe at least $50,000. But as the number of people with high student debt is rising,Ãâà...
MarketWatch
March 2, 2018
Powell's comments came in response to a question from Senator Brian Schatz, a Democrat from Hawaii, about whether high levels of student debt create a drag on the economy. More than 40 million Americans hold nearly $1.4 trillion in outstanding student loans. While Powell noted that, in general,Ãâà...
ValueWalk
February 28, 2018
We've all seen the headlines: the cost of university education in the United States has become completely debilitating. And student debt keeps rising to record high levels. It's almost commonplace now for a 22-year old to graduate from university with $50,000+ in student debt. According to data from theÃâà...
Wisconsin Gazette
February 28, 2018
A program of outright student debt cancellation financed by the federal government could have significant benefits for the U.S. economy, according to a new report from the Levy Economics Institute of Bard College. According to the institute, outstanding student loan debt totaled $1.35 trillion as of the firstÃâà...
WBUR
February 27, 2018
Federal student loan debt is nearly $1.4 trillion, more than twice as much as it was a decade ago. Here & Now's Jeremy Hobson talks with Susan Dynarski (@dynarski), professor of public policy, education and economics at the University of Michigan, about whether the situation with student loans is a crisis.
New York Times
February 27, 2018
I sympathize with some of Mr. Arceneaux's comments, particularly the mountainous debt many students encounter as a result of college unaffordability. To help provide a remedy, we must improve college accountability through risk-sharing of federal student loans, as they make up 92 percent of student debtÃâà...
CNBC
February 21, 2018
Trump administration may make it easier to wipe out student debt in bankruptcy. The Department of Education said it will review how borrowers discharge ... an indication it could become easier to expunge those loans via bankruptcy. Still, for those struggling with student debt, bankruptcy is a last resort.
CNNMoney
February 15, 2018
The researchers looked at what would happen if the government canceled all federal loans (the majority of student debt) and paid off all privately owned loans -— as a one-time policy. Their economic models show that canceling student debt would lead to a boost in GDP by an average of $86 billion toÃâà...
MarketWatch
December 31, 1999
It's hard to say exactly why the median net worth of young adults with college degrees dropped during this period, but Allison speculates that one reason may be that in 2016, student debt accounted for a larger share of overall debt for these young people than it did in 2013. And unlike other types of debt,Ãâà...
CNBC
December 31, 1999
Some 45 million people in the United States carry student debt. The average borrower owes more than $30,000, according to Student Loan Hero, a website for managing education debt. Almost a fifth owe more than $100,000, according to the National Association of Realtors. People's monthly student loanÃâà...
NBCNews.com
December 31, 1999
Students of color take on much higher levels of debt than their white counterparts, and, on average, women also have more student loans and take longer to repay them; they hold two-thirds of all student debt in the country. All of this and more is why I introduced the Debt Free College Act last week. This billÃâà...
The Register-Guard
December 31, 1999
Thirty-two Democratic senators — including Oregon's Jeff Merkley — have introduced a bill in Congress that would allow students to graduate from public universities without debt. The Debt-Free College Act would cover not just tuition, but all costs, including room, board, books and supplies. The plan has aÃâà...
CNBC
December 31, 1999
Americans collectively hold almost 1.5 trillion in student debt, but some students are shouldering more of the burden than others. According to the American Association of University Women (AAUW), women hold roughly two-thirds of all student debt in the nation. A recent report from student loanÃâà...
