Tag Archives: student debt

The dark side of the proposed UK doctoral loans system

The dark side of the proposed UK doctoral loans system

The past four years have seen English higher education come to rely more and more heavily on funding from student loans. These are now set to expand further, as the UK government carries out a consultation on loans for doctoral study. Like previous reforms, these have the stated aim of widening access and meeting unmet […] … learn more→

College debt list of shame

College debt list of shame

The student loan scam is crushing our future, or at least the future of many of our kids. The average student loan debt for a new graduate in 2014 was around $33,000. The average student loan debt in 2015 was around $35,000, and in 2016, we’re looking at an average of $37,712, and that’s what […] … learn more→

Clinton and Trump proposals on student debt explained

Clinton and Trump proposals on student debt explained

The high price of attending college has been among the key issues concerning voters in the 2016 presidential election. Both Democratic nominee Hillary Clinton and Republican nominee Donald Trump have called the nearly US$1.3 trillion in student debt a “crisis.” During the third presidential debate on Oct. 19, Democratic nominee Hillary Clinton raised the issue […] … learn more→

Are income share agreements a good way to pay for college?

Are income share agreements a good way to pay for college?

Millions of Americans are struggling to pay for college. Nearly 10 million students and their families took out almost US$100 billion in student loans from the federal government in the 2014-15 academic year, pushing outstanding student loan debt to more than $1.2 trillion by the end of 2015. The traditional way to repay student loans […] … learn more→

Move over 401(k)s — this new perk is helping millennials pay off college loans

Move over 401(k)s — this new perk is helping millennials pay off college loans

Excited to be back at his alma mater, the University of New Hampshire, Ed Farrington flashed bright-colored pie charts and graphs before a group of business students in what he considered a forceful presentation about the need for them to start saving early for retirement. An executive vice president at the investment company Natixis Global […] … learn more→

Student loans draining Social Security

Student loans draining Social Security

I can’t emphasize strongly enough how important it is to end the student loan scam. I know, I’ve been harping on how bad this is lately, but it bears repetition. Student loans turn our kids into prostitutes. Student loans drive our kids out of the country. And now student loans are destroying the social security […] … learn more→

Expatriate to escape student debt?

Expatriate to escape student debt?

A recent article highlights yet another unintended consequence of the student loan scam: people fleeing the country to escape the incredible burden that our higher education system puts on them for an increasingly worthless “higher” education. It isn’t simply the high cost of tuition that’s the issue here. The “free money” that goes to any […] … learn more→

Student debtors flee country

Student debtors flee country

Friend: “You’re an idiot. Inflation is only 1.5% according to the BLS, and that’s what it’s been for years.” Me: “How would you know? You’ve been in med school in the Czech Republic for what, 4 years now?” Friend: “Yeah, the tuition here is much cheaper. But I have the internet so I can see […] … learn more→

Income-based repayment tops repayment plan choice for first time

Income-based repayment tops repayment plan choice for first time

The latest data from the U.S. Department of Education show that more student debt is now being repaid through the Income-Based Repayment Plan (also called the Pay as You Earn plan, or PAYE) than any other repayment plan. Nearly one in three dollars in repayment is enrolled, totaling $188 billion out of $586 billion in […] … learn more→

Prostitution to eliminate student debt…seriously.

Prostitution to eliminate student debt…seriously.

Thanks to all the government attempts to make higher education “more affordable,” higher education is now ridiculously expensive. I’ve lightly written before how a distinct cadre of students prostitute themselves in order to pay tuition, at a “non profit” school that is all about raking in the money. In times past, you could get the […] … learn more→