College may have lost some of its luster. While it is common knowledge that young people are struggling along with the rest of America, it is also commonly known that people need to go to college in order to succeed. At least, so the mantra is repeated. As many a barista can share, a college degree isn’t the guarantee of a good job, let alone a full-time one. Adding salt to many a college graduate’s wound is the heaping debt that many accumulate to afford a college education.
Student Loans Articles
Nov, 15, 2013
Nov, 11, 2013
Private student loans are vilified. Subprime mortgage loans are slowly being eradicated. But there is another loan product readily available to borrowers that could do even more damage: PLUS loans. As a part of the student funding program offered by the Department of Education, PLUS loans fill in the large gaps left by limited federal options like Perkins Loans and federal grants.
Oct, 25, 2013
Being able to refinance student loans can be a godsend. After all, student loans are the only type of debt that is impossible to get rid of. Even though mortgage loan debts are almost always more than student loans, a homeowner can legally declare bankruptcy and have their mortgage loan debt discharged. The same applies to car loan debt, credit card debt, personal loan debt, and even payday loan debt. Unfortunately, the same doesn’t apply to student loan debt.
Jul, 29, 2013
A college education in modern America is one of the most expensive things a person can pay for. With soaring tuition costs and the average student loan debt now over $30,000, there is just no end in sight to the expensive endeavor that obtaining a degree has become. In order to halt this trend, it was only a matter of time before someone pushed forward legislation that would make college attendance tuition-free, much like the universities of many foreign countries. Just this month, Oregon passed legislation that would roll out a new program to make college’s within the state a more affordable endeavor .
Jul, 9, 2013
A good portion of consumers ignore their debts. This concept is not only accepted, but is a regular feature of financial blogs and news sites. Default rates are tracked for all types of loans including student, auto, mortgage, and credit card debt among others. Data is compiled each fiscal quarter regarding how many borrowers repay and disregard their debts. A person can pick up and move to another city or another state, but the inherent truths about money and credit follow. Default has become an accepted part of our consumer vocabulary, but when did consumers start ignoring their debts altogether?
Jun, 14, 2013
After graduation, most students struggle to repay their student loan debts. But a growing number are facing debts that have been exacerbated by drug, alcohol, and even shopping addictions. A recent report by a local NBC affiliate found that some students are taking out federal and private student loans, using the funds to pay for their vices, and never pursing their education.
Jun, 10, 2013
It is easy to forget that the Student Debt Crisis is about real people in the real world. So often — perhaps too often — student loan borrowers are overshadowed by depressing statistics and the latest weekly quote from some politician or bureaucrat in an alphabet soup organization. However, some of these statistics do raise the question: Just how are student loan borrowers paying back their debt?
Apr, 30, 2013
Imagine a bachelor’s degree program that is only focused on understanding, rather than time spent in a classroom. Competency-based educational programs evaluate a student’s knowledge, rather than using the standard idea of credit hours as a model for learning. Although similar models have been around for years, an important move was recently taken to open competency-based education to the greater public.
Apr, 18, 2013
Student loan borrowers have seen better days. The media is constantly talking about the Student Debt Crisis and how Generation Y has a snowball’s chance in hell of finding jobs come graduation. Unlike common problems such as defense and energy that nearly all previous administrations have had to deal with, the current attention on college financing is unprecedented. A closer examination of the Obama Administration’s actions will shed light on how the millions of college-aged borrowers have fared over the past several years. Taking the Good with the Bad
Mar, 18, 2013
The number of Americans under the age of 25 with at least a bachelor’s degree has increased 38 percent since 2000, according to Census results. But with an unemployment rating at 7.7 percent, the notion that a bachelor’s degree guarantees a stable job is no longer believable. Bill Baker, President of Dallas-based recruiting firm Schul Baker Partners, said master’s degrees are what bachelor’s degrees used to be. But even though their value might have changed, an undergraduate degree is still a necessity in today’s work economy.