student loan crisis
As exciting as it is to see student debt already at the forefront of the election, it's hard to get too optimistic for change when Congress has demonstrated an unwillingness to advance legislation that would provide relief to those buried in student debt.
The fate of student debt will be determined not by new measurements but by what happens to it in real time as defaults and debt forgiveness continue to mount. Unfortunately, we still better keep our eyes on the horizon.
In a new report, 73.1 percent of loans with one servicer ended up in default.
Stop minimizing student loan debt as an issue. Stop looking at students as numbers in an excel spreadsheet that can be sliced, diced, segmented, and silenced. Stop pretending like America isn't profiting off the backs of its youngest and most vulnerable workforce.
A new website shows debt levels and annual earnings for former students of colleges that accept federal student aid.
Increase comes despite lower loan delinquencies overall. Poor servicing likely a culprit, former regulator says.
For some graduates, paying off their student debt just became a gamble. Student loan debt has become an increasingly pressing crisis in the past several years, with politicians all suggesting solutions to help graduates pay off their student loans. New Jersey Assemblyman John Burzichelli recently proposed a student loan debt lottery.