Over the past decade, there has been a growing debate about the value of student loans and the long-term impact of debt for those entering the workforce – particularly for students who struggled to complete their studies. In the United States, where the average student loan is US$30,000 per borrower, the Biden administration recently announced […] … learn more→

Student loans help students pay for their education. They are usually given by the government or a private lender, and they have to be repaid with interest. The interest rate on student loans is usually lower than the interest rate on other types of loans, and the repayment period is often longer.  Student loans can […] … learn more→

When people take out student loans for themselves, certain risks are involved. The debt can negatively affect a person’s mental, emotional and even physical well-being. It can also harm a person’s financial well-being. But when taking out a student loan for one’s child, the risk is even higher that the loan could be associated with lower financial well-being. This is what economics […] … learn more→

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→