Category: NEWS
NY Times: Student Debt Slows Growth as Young Spend Less
The anemic economy has left millions of younger working Americans struggling to get ahead. The added millstone of student-loan debt, which recently exceeded $1 trillion in total, is making it even harder for many of them, delaying purchases of things like homes, cars and other big-ticket items and acting as a drag on growth, economists [...]
CNN Money: Student Debt Delays Spending, Saving – and Marriage
About three-quarters of student loan borrowers surveyed said they — or their children — have been forced to make sacrifices in order to keep up with student loan payments, according to a survey from the American Institute of CPAs. Forty-one percent of the more than 200 people surveyed said they have delayed saving for retirement, [...]
Bloomberg: Colleges Soak Poor U.S. Students While Funneling Aid to Rich
U.S. colleges such as Boston University are using financial aid to lure rich students while shortchanging the poor, forcing those most in need to take on heavy debt, a report found. Almost two-thirds of private institutions require students from families making $30,000 or less annually to pay more than $15,000 a year, according to the [...]
Rep. Karen Bass: Time to Get Serious on Student Loan Debt
If I’ve heard it once I’ve heard it a thousand times from my Republican colleagues: we have to stop passing debt onto the backs of future generations. There’s plenty of room to debate how best to achieve that goal but not enough attention is being given to the crushing debt being placed on the backs [...]
US News/Student Loan Ranger Blog: What Obama’s Budget Could Mean for Student Borrowers
President Barack Obama submitted his budget proposal for the 2014 fiscal year to Congress last week and, once again, he suggests a number of reforms that would affect grants and student loans. While all aspects of the president’s proposal will remain just that – a proposal – unless and until Congress approves the budget, here’s a rundown [...]
Student Loan Debt, Tuition Climb As College Graduate Earnings Drop (INFOGRAPHIC)
Read full story at HuffingtonPost.com
