For decades, student loans have mostly been prohibited from being discharged through bankruptcy proceedings. That could change under the FRESH START through Bankruptcy Act. Here, public policy scholars Brent Evans and Matthew Patrick Shaw, both of Vanderbilt University, explain why student loan debt cannot usually be cleared through bankruptcy and how that might change if the […] … learn more→

Students need a student loan to pay their college tuition and expenses. Individuals who can’t get a scholarship need a better way to pay for their college expenses and attend college. Student loans are a beneficial way to pay these expenses, and they give the students an installment plan to repay the loans. When reviewing […] … learn more→

16.9 million. That’s how many students are going to college at the undergraduate level this fall. Of that number, roughly half – 46% – will take out federal student loans. It’s a decision that could bring certain rewards – not the least of which is a well-paying job – but it can also come with serious economic […] … learn more→

I’m sometimes asked if our increasing suicide rate is due to the student loan scam. As eager as I am to blame things on it, I’m a little reluctant to do so. After all, around 28% of students with such debt don’t even know it—they’ve been completely scammed by college administrators who haven’t bothered to […] … learn more→

Another election is on the horizon, and already politicians are getting votes in the usual way: promising “free stuff.” Normally, I’m against the notion of getting something for “free” from the government, but I have an exception for student loan forgiveness, for many of the victims of our higher education system. Lest the gentle reader […] … learn more→

A well known financial company that has been helping and assisting students for several years to pursue their educational goals and get the best academic options they want to apply to continue their higher education. The company firmly believes that there should be no financial hindrance for students who wish to pursue their dreams of […] … learn more→

I’m often asked about the long term effects on our culture from the huge student loan scam. I don’t have a crystal ball, so I have only conjecture, but a recent article from Buzzfeed (bear with me, I’ll be making corrections) tries to address this problem: Jen’s story is like a lot of people’s stories. […] … learn more→

Government stupidity clearly knows no bounds. We have tens of millions of people now with student loan debt, a debt which is often too large to pay back thanks to government interference, and cannot be cleared via bankruptcy. But the government wants “its” money, and gets to create the laws. We’re already seeing students loans […] … learn more→

Most people are entirely unaware of how serious the student loan problem is, so allow me to put it in context. Smoking tobacco is universally agreed to be a very bad thing to do. We have almost 38 million smokers in this country, and over 80% of smokers regret taking up the habit. We have […] … learn more→

The U.S. Department of Education is about to pilot test a new debit card for students who get federal student loans. For the federal government, it means less hassle and a way to get a glimpse at whether students are spending their student aid wisely. For the bank that gets to issue the card, it […] … learn more→