Student loans can be an extremely difficult matter to deal with, especially if you were duped into taking out tens of thousands of dollars you really didn’t need and ended up with a job flipping burgers instead of that career position you were promised when you first enrolled. So it is easy to see just… Read more »
No One is “Unqualified” to Fill Out FAFSA
The Free Application for Federal Student Aid is a tool meant for all American families to use – even if they think they are not qualified for one reason or another. Take for example West Virginia. Not all of its high school graduates have filled out their FAFSA forms yet, even as the deadline looms… Read more »
First in History: More Degree-Holders Unemployed than High School Grads
There is something very, very wrong with our country when we have more unemployed college graduates aged 25 than those who have achieved a high school diploma or less, according to an article by Jed Graham of Investors.com Boiled down to raw numbers, 4.7 million unemployed workers aged 25 and up have graduated from college… Read more »
Five Possible Macro-Solutions to Snowballing Student Loan Debt
So student debt has, as we know it, exceeded $1 trillion. While students are left to deal with college debt on their own, what exactly can the big boys of the game – the federal government, state governments and the educational institutions – do about this problem? Reform the Bankruptcy Laws – aka give students… Read more »
Banks Matching the Fed on Student Loan Rates
Sallie Mae and Discover have joined with Wells Fargo and five other banks in offering fixed-rate student loans, with Sallie Mae offering a 5.75% on its lowest interest rates.1 This effectively makes it cheaper to borrow money from these private banks than borrowing unsubsidized Stafford loans from the government, which set interest rates at 6.8%…. Read more »
INTERACTIVE MAP: Student Debt Across the United States
Rebuild the Dream has created an interactive map with over 1,000 collected student debt stories from across the United States.
Between the Lines: Graduation Rates and Student Admissions
The federal government has been pressuring schools to improve their performance; to create more successful graduates that wind up landing jobs and becoming contributing members of society. The government hopes to do this by opening up funds to schools that make education both effective and affordable. University of Houston President Renu Khator echoes these needs,… Read more »
Report: Axe College Tax Credits for More Pell Grants
What would you prefer: getting a tax break via the American Opportunity Tax Credit program or getting a Pell Grant for your college education? This is an important question, as the American Opportunity Tax Credit program would be phased out if Stephen Burd of Education Sector has his way. Burd points out that more upper-middle… Read more »
Student Loan Rates Set to Double; Political Bickering At Fault Once Again
So the Grand Old Party (aka the Republican Party) has blocked a Democratic bill to keep interest rates for student loans at 3.4%. Even if the Republicans say they do not wish to see interest rates double, they simply do not agree with the Democrats on how to finance the inevitable costs of keeping those… Read more »
The REAL Long-Term Fix for Student Loan Debt
So the Democrats and Republicans have started throwing the first barbs about how to keep student loan interest rates at 3.4%. No surprise there, although it is still good news for college students that won’t see a rise in their interest payments. What we really need, however, is a comprehensive method of tackling the root… Read more »