Those with student debt -- whether they graduated from or dropped out of college -- are less likely than their counterparts without debt to accumulate assets in the years after leaving college, according to a new study. Read more...
Graduate whose loan grew by £1,800 in one year says students were misled
By Hilary Osborne. Simon Crowther, whose letter to his MP went viral after it showed an interest of £180 a month, says he trusted the government to keep interest rates low. More...
Limiting Loans?
The Other Legacy of the For-Profit College Boom
By Matt Reed. The New Yorker has a pretty good piece on the students stranded by the abrupt closures of for-profit colleges. It mentions the students who are withholding loan payments for programs taken at the Corinthian Colleges, which both closed and showed evidence of fraud. More...
The dividing line between haves and have-nots in home ownership: Education, not student debt
By Susan M. Dynarski. Many worry that student loans are a drag on the economy, particularly the housing market. Analyses from the Federal Reserve Bank of New York, cited by leading economists, do not provide compelling evidence for this hypothesis. The New York Fed data contain no information about education. More...
The (bigger than we realized) role race plays in college debt
By Richard V. Reeves. Student debt is an inequality problem. Borrowing to invest in a good college education is a sound investment for many, if not most, young people. Debt is a problem for those who borrow expensively to attend poor-quality institutions. And the debt problem has a strong racial dimension. More...
English graduates saddled with debt, research shows
Student-Loan Interest Rates Will Drop Again in 2016-17
By Andy Thomason. The rate on undergraduate Stafford loans will drop from 4.29 percent to 3.76 percent for the 2016-17 academic year. The rate for graduate Stafford loans will be 5.31 percent, a drop from 5.84 percent this year. The rate on PLUS loans, which allow parents to take out loans to pay for their children’s college education, also dropped — from 6.84 percent to 6.31 percent. More...
Minnesota wants for-profit college students’ loans forgiven
By Christopher Magan. State officials claim students were ‘misled’ by for-profit colleges. More...