What’s keeping millennials up at night? It’s not just Netflix–it’s student debt.
NPR’s Morning Edition recently asked young adults, members of the millennial generation, what their biggest concerns were.
The results were telling: almost two-thirds responded that college debt was their biggest worry.
Repaying your student loans shouldn’t be scary.
Unfortunately, the shady practices of some student loan servicers have got us spooked.
With outstanding student debt now topping $1.2 trillion, it’s extremely important for students to understand their repayment options and take advantage of relief programs to avoid defaulting on their student loans and hurting their credit. But according to ThinkProgress, students aren’t taking advantage of these programs. While one in eight student debtholders is in default, just three percent are enrolled in the income-based plans offered by the […]
Do you work in the public sector–perhaps in a school, hospital, or government office–and have student loan debt? You may qualify for student loan forgiveness and not even realize it. More than 33 million workers qualify to have their student loans forgiven because they work in public service, but too few take advantage of the […]
President Obama’s recent signing of the bill to keep student loan interest rates low is a move in the right direction toward helping students afford college. But as we’ve discussed, it’s not enough. In the video below from Democracy Now, Rolling Stone editor Matt Taibbi discusses how the high price of U.S. college tuition is the real […]
We sometimes hear from students and parents asking if college is even worth attending in today’s era of astronomical costs and a still sluggish-economy. For many, college is a great investment that pays off in the long run by giving students opportunities to enter certain career field and make more money over their lifetimes. But for some people, it’s not worth the cost because they choose the wrong school, never finish their degree, or end up paying too much.
Instead of asking whether college is worth it, Washington Monthly argues that students and families should be asking themselves, “What colleges will charge people like me the least and give me the highest chance of graduating with a degree that means something in the marketplace?” So they created a formula to help college students and families figure it out.
Ever wondered how today’s college graduates (and their student loan debt loads) compare to those of previous generations? This infographic from Manilla explores how tuition, college fees, and student loan debt have skyrocketed since today’s graduates’ grandparents went to school. Even adjusting for inflation, the cost of college, particularly at private universities, has gotten out of […]
After adjusting for inflation, students are borrowing twice the amount they borrowed a year ago. Congress’ recent neglect to keep student loan interest rates from doubling to 6.8% could cost students as much as $5,000 more over the next 10 years.
Scholarslip, an excellent documentary about the student loan crisis, explores the real stories of young people facing their student debt.
There are millions of student loan borrowers struggling to repay their college debt. In this interesting video from HLN TV, Clark Howard speaks with two real borrowers about how they got into debt, how they plan to get out and the advice they have for aspiring college students.
With federal subsidized student loan interest rates set to double from 3.4 percent to 6.8 percent on July 1 unless Congress acts, it’s crunch time for government officials to come to an agreement to prevent rates from rising. Sens. Jack Reed (D-RI), and Tom Harkin (D-Iowa) have co-sponsored a bill that would freeze interest rates […]