Tag Archives: student debt

United States : Student debt, a threat to universities and a major political issue

United States : Student debt, a threat to universities and a major political issue

Is a college education still a worthwhile investment when it means taking on decades of debt? A growing portion of young Americans believe the benefits of their degrees don’t justify the price. With the Supreme Court blocking the Biden administration’s attempt to ease the burden of that debt, the situation is putting pressure on universities […] … learn more→

Student loan cancellation got blocked. Now what? 3 questions answered

Student loan cancellation got blocked. Now what? 3 questions answered

When the Biden administration announced in August 2022 that it was canceling up to $20,000 in student loan debt per borrower, it said the idea was to provide families with “breathing room as they prepare to start repaying loans after the economic crisis brought on by the pandemic.” But two federal courts recently blocked President Joe Biden’s […] … learn more→

Ways to get through College with no student loans

Ways to get through College with no student loans

Students all over the world rack up trillions of dollars in debt just trying to get a university education. This may make you wonder whether there are ways to get through college with no student loans. Sure, there is! Here are 11 ways to pay for your college tuition without being overwhelmed with debt. Find […] … learn more→

Your chances of getting rid of student loan debt depend on who you are

Your chances of getting rid of student loan debt depend on who you are

To get rid of student loan debt through bankruptcy, you must prove to the court that paying back your student loans would cause an “undue hardship.” But in our peer-reviewed study of nearly 700 student loan discharge cases spanning 1985 to 2020, we found that judges’ decisions to dismiss student loans are often influenced by personal […] … learn more→

3 creative ways to lower your debt from Medical school

3 creative ways to lower your debt from Medical school

It’s always interesting when you ask kids what they want to be when they grow up. Some children seem to come into the world with a definite idea of who they are meant to be. Knowing your path in life from an early age is quite amazing, when you think of it. Other kids seem […] … learn more→

Canceling student loan debt will barely boost the economy, but a targeted approach could help certain groups

Canceling student loan debt will barely boost the economy, but a targeted approach could help certain groups

At the end of June 2021, 43 million borrowers – or about 14% of all adults in the U.S. – owed approximately US$1.59 trillion in outstanding federal student loans. Although in many cases the media has focused on borrowers with extremely large balances – such as the orthodontist who owes over $1 million in student loans – the average balance is […] … learn more→

Ed Dept: Degree debt exceeds degree earnings

Ed Dept: Degree debt exceeds degree earnings

It’s been known for a decade or two that we have a real problem with the cost of a college degree relative to the financial boon of having one, but at long last our government is catching on as well: … the U.S. Department of Education released data on first-year earnings for thousands of different […] … learn more→