Tag: student loans
Here’s How Obama’s New ‘Student Aid Bill of Rights’ will Affect You
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
College Without Debt – Is It Possible?
With the cost of college rising every year, the possibility of attending college without debt is starting to seem like a fantasy. But given the harsh realities of carrying large amounts of debt after graduation, every effort needs to be made in order to keep student loan debt to an absolute minimum. The Big Picture Problem of Student Loan Debt The student loan debt issue is rapidly becoming a national crisis. Not only are high levels of student debt interfering with the financial progress of college graduates, but the evidence is beginning to mount that it’s also taking a toll on the whole economy. According to a Wall Street Journal article, Congratulations to Class of 2014, Most Indebted Ever, the following debt statistics apply to the college class
