The Student Loan Crisis is Really 2 Crises

The Student Loan Crisis is Really 2 Crises

This chart, from the New York Fed’s recent look into student loans, shows two entirely different stories about how student loans are affecting young people. On the left, the two cohorts with relatively small balances, below $10,000, have big problems with...
How Student Debt Stunts Financial Growth

How Student Debt Stunts Financial Growth

There was a time when conventional wisdom said that student debt is not a problem in and of itself—rather, “high” debt of $100,000 or more is the more pressing concern. A recent report from the Federal Reserve Bank of New York highlights just how out of touch that...
The Case For Student Loan Debt Forgiveness

The Case For Student Loan Debt Forgiveness

Debt forgiveness exists! It exists in the housing sector in the form of foreclosure. Hospitals routinely agree to reduce or eliminate health care debt. Credit card debt can be forgiven through bankruptcy. It’s time we offered debt forgiveness for student loans. In...
What Would You Do if All Your Student Loans Were Forgiven?

What Would You Do if All Your Student Loans Were Forgiven?

Student loan borrowers face the choice every day between paying off their loan and basic necessities. Forgiveness of the loans could be the key to freeing hardworking Americans from a lifetime of debt and re-igniting the flame that is the “American Dream.” We asked...
Forgive Student Loan Debt to Stimulate the Economy

Forgive Student Loan Debt to Stimulate the Economy

Originally Written – January 29, 2009 By – Robert Applebaum President Obama recently signed into law a $787 billion stimulus package on top of Bush’s grossly mismanaged $700 billion TARP bailout from last September. Several weeks ago, the Federal...