Student Debt Crisis takes the White House Student Debt Challenge

Student Debt Crisis plans to conduct a series of webinars to reach more than 800,000 people within their membership network.   From WhiteHouse.gov Taking Action to Help More Americans Manage Student Debt Higher education is one of the most important investment individuals can make for themselves and for our country. Today, 11 of the 15 fastest-growing occupations require a postsecondary education. Many students access student loans to help finance their education; typically, that investment pays off, with bachelor’s degree recipients earning $1 million more in their lifetime and associate’s degree recipients earning $360,000 more, compared to their high school counterparts. But for some, burdensome student loan debt can present a challenge as they seek to start a career, raise a family, purchase a home, start a business, or save for retirement. “I’m only here because this country gave me a chance through education.  We are here today because we believe that in America, no hardworking young person should be priced out of a higher education.  This country has always made a commitment to put a good education within the reach of young people willing to work for it.” – President Barack Obama, Remarks on College Affordability, June 9, 2014 Read the entire Press Release here Over 40 new student debt challenge takers. Earlier this month, the White House issued a call to action for colleges, universities, non-profits, businesses, state and local governments, and other employers to help more borrowers better understand their options, and to take action to enroll those borrowers in PAYE and related plans so they can manage their monthly payments and avoid delinquency and default. Today,...
White House Fact Sheet – Student Debt Crisis Recognized for Student Debt Challenge Pledge

White House Fact Sheet – Student Debt Crisis Recognized for Student Debt Challenge Pledge

THE WHITE HOUSE Office of the Press Secretary FACT SHEET: Taking Action to Help More Americans Manage Student Debt “I’m only here because this country gave me a chance through education.  We are here today because we believe that in America, no hardworking young person should be priced out of a higher education.  This country has always made a commitment to put a good education within the reach of young people willing to work for it.” – President Barack Obama, Remarks on College Affordability, June 9, 2014 Higher education is one of the most important investment individuals can make for themselves and for our country. Today, 11 of the 15 fastest-growing occupations require a postsecondary education. That’s why the President has made historic investments to help millions of Americans afford college by doubling investments in grant and scholarship aid through Pell grants and tax credits, keeping interest rates low on federal student loans, and creating better options to help borrowers manage debt after college like the Pay as You Earn (PAYE) plan. As detailed in a new post on student debt trends and state-by-state data being released by the Council of Economic Advisers, we are seeing these efforts pay off. More students are graduating college than ever before. More than four of five Direct Loan recipients with loans in repayment are current on their loans. Delinquencies, defaults, and hardship deferments are all trending downward, with nearly three million borrowers successfully accessing a pathway out of default through loan rehabilitation since 2010. And more students are taking action on their student debt when they need support, with nearly five million...

What is #1TDay? America’s Student Debt Crisis

Federal student loan repayment options are always free and you should NEVER pay for help.  Today, “1-TDay” marks the fourth anniversary since student loan debt hit one trillion dollars. Since then, we have added nearly four-hundred billion dollars to the overall total and there’s no end in sight. If student debt is stressing you out – you are not alone. Veterans, students, parents and even retirees are feeling the pressure of their student loans and nearly half are struggling to make monthly payments. This is why Student Debt Crisis is co-hosting two events this week aimed at helping borrowers better understand federal student loan repayment options. While we fight for better reforms and combat the fraud and abuse from student loan servicers, we want to make sure you have all of the tools necessary to repay your student loan debt.  Friday (4/29) 12:30 pm ET: “Student Loan Debt 101 – Repayment Plans for Beginners” hosted by Student Debt Crisis, Higher Ed, Not Debt and Generation Progress It is important for us to understand what life is like for student loan borrowers. Sure, some of us have it easy and our monthly payments are minimal, however, 8 million people are in default which means their lives have been turned upside down due to their student loans.                ...

AFL-CIO and Student Debt Crisis to Hold Second Annual Student Debt Hotline

Media Advisory for April 25, 2016                                                      Contact: Natalia Abrams,  (310)-365-1069 AFL-CIO and Student Debt Crisis to Hold Second Annual Student Debt Hotline On Monday, April 25th, Student Debt Crisis will host a Twitter Town Hall to mark the fourth anniversary since student loan debt hit $1 trillion in 2012. The average college graduate has $35,000 in student loan debt, and as that cost continuous to increase, the AFL-CIO is standing with Student Debt Crisis and other allied organizations to ensure borrowers are informed about their debt-relief options. Following the town hall, the AFL-CIO and Student Debt Crisis will host the second annual student debt hotline from May 24th – 26th to offer debt relief solutions to borrowers. WHAT: Student Debt Crisis Twitter Town Hall WHEN: April 25th at 11:30am EST WHO: Student Debt Crisis – @DebtCrisisOrg AFL-CIO – @AFLCIO Higher Ed, Not Debt – @HigherEdNotDebt Generation Progress – @GenProgress One Wisconsin Now – @StudentLoanVote NerdWallet – @NerdWallet Student Loan Attorney’s Jay Fleischman – @JayFleischman Joshua Cohen – @StudentLoanLaw   *To join the Twitter chat, ask questions using #StudentDebtHotline from 11:30am-12:30pm EST on April...

Join Our Student Loan Debt 101 Webinar – “Repayment Plans for Beginners”

Next Friday, April 29th at 12:30pm ET, Student Debt Crisis, Higher Ed, Not Debt and Generation Progress will be hosting a nationwide webinar – “Student Loan Debt 101 – Repayment Plans for Beginners”. This will be an opportunity for student loan borrowers, like you, to learn about the topics that matter most: What should borrowers do if they are having trouble making payments? Which federal student loan repayment plan is best? What options are available for federal student loan borrowers who are in default? What is Public Service Loan Forgiveness?      Our experts will answer all of these questions and more, plus there will be ample Q&A time for your individual questions. You are our top priority and you should never pay for student loan...