President Barack Obama has announced his plan for a Student Aid Bill of Rights. His proposal couples repayment assistance with more consumer protections for borrowers. Both of these fronts are key to solving the student debt crisis. Here’s our statement on this comprehensive set of reforms.
We asked our members a simple question: What would you do if your student loans were forgiven? Using our members’ amazing responses we put together this great list of things that borrowers could do with a little extra cash in their pockets. Isn’t it about time that we freed Americans from burdensome debt, and give them a chance to better contribute to society?
440,000- That’s how many home sales will not happen this year because of high levels of student loan debt, according to a report from John Burns Consulting, an Irvine-based firm that advises home builders. That’s equal to about 8% of all home sales, and enough to dent the housing industry by $83 billion a year.
Student Debt Crisis spoke with NBC News about the growing amount of U.S. singles. With student loan debt climbing, it is no surprise that borrowers’ lives are being negatively affected. From purchasing homes and cars, to starting a family, student debt is holding Americans back in more ways than you would expect!
Latest Articles on The Student Debt Crisis
SDC’s Statement on Senator Elizabeth Warren’s Reintroduction of Bank on Students Emergency Loan Refinancing ActFOR IMMEDIATE RELEASE March 18, 2015 CONTACT: Natalia Abrams 310-365-1069 – email@example.com Student Debt Crisis’ Statement on Senator Elizabeth Warren’s Reintroduction of Bank on Students Emergency Loan Refinancing Act Today, Senator Elizabeth... read more
Straight from those whose lives have been affected by the weight of student debt.
For those who don’t want to take action, go ahead. Go right ahead… In my opinion, I’d much rather find a way to ease the debt or die trying then to live life everyday knowing that I’ll keep owing money to a corrupt state of affairs.Drew
I graduated in 2007 with $108,000 and today it has ballooned to $145,00 (50k is federal, 95k is private). Over the past 7 years I have paid over $40,000 towards these loans with none of it touching the principal.Jennifer
I owed about 40k in student loans about half private half federal. Due to times of unemployment or underemployment I now owe about 50k. I have had times of making serious payments, but it never got me ahead of any of it.Alexander