Tag: student debt

Over 70{7dabfd103aa443fce219eea47f0f346a11a54ce587a1a0cbb74f06b9f7a304ca} of those earning a bachelor’s degree graduate with debt averaging almost $30,000. It’s been called a “student debt crisis” as the cost of college education rises (the cost of college has increased 225{7dabfd103aa443fce219eea47f0f346a11a54ce587a1a0cbb74f06b9f7a304ca} over the last 30 years) and new graduates struggle with repayment plans (complaints against student lenders went up 38{7dabfd103aa443fce219eea47f0f346a11a54ce587a1a0cbb74f06b9f7a304ca} last year) There’s some comfort to have in knowing that the federal government wants to reform and improve the process of applying and repaying student loans. Obama, through a presidential memorandum in March, addressed major student loan issues in the “Student Aid Bill of Rights.” It seeks to “ensure strong consumer protections for student loan borrowers” by reminding student borrowers of recent or upcoming changes to the student loan process.  So, what exactly