By . 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 $30,000 in debt. Almost 20 percent of student borrowers are in default. More...
By Kelly Field. Federal regulators are keeping up the pressure on banks to do more to help struggling student-loan borrowers. A year ago, Richard Cordray, director of the Consumer Financial Protection Bureau, and Arne Duncan, the secretary of education, convened the nation’s largest lenders and loan servicers to urge them to offer modified repayment plans to borrowers facing default. More...
By Stephanie Georgopulos. So many students wish for some act of God to wipe out their huge debt burdens. What happens when that dream comes true? No regrets. More...
By . Gov. Andrew M. Cuomo’s proposals Wednesday to bolster higher education included forgiving student loans for some recent graduates living in New York, providing free tuition for students who commit to teaching after they earn their degrees and increasing spending by $50 million on the State University of New York system. More...
New York Governor Andrew Cuomo, a Democrat, plans to propose this week that the state cover two years of loan repayments for graduates of colleges who live in the state, earn less than $50,000 and are enrolled in the federal Pay as You Earn Program, The New York Times reported. Read more...
By . The cost to the country of paying for student debt will rocket to billions of pounds a year over the next three decades, almost equalling the entire higher education budget, new statistics show. Read more...
By Shelly Asquith. Students will be forced out of higher education by soaring accommodation costs, say campaigners. More...
By Eric Stoller. It's a new year and that means it's time for another year of FAFSA applications. The Free Application for Federal Student Aid is what helped me qualify for student loans / financial aid when I went to college and it will do the same for thousands of students this year.
By Lance Lambert. Student-loan payments are the bane of many new graduates. A recent analysis by the Brookings Institution explains why: The typical new graduate is likely to devote 14 percent of his or her paycheck to student loans. That’s about half of what the average American spends on housing each month. More...
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