Americans have finally awakened to the decades-long corruption of higher education By Alexander Zaitchik Gan Golan holds a ball and chain representing his college loan debt, during Occupy DC activities in Washington, on Oct. 6, 2011. (Credit: AP/Jacquelyn Martin)
By Emery Cowan Tse Chi “Chad” Yen will graduate from Fort Lewis College this December with a degree in psychology and a promising job prospect at a nonprofit in Denver. Yen acknowledges he is in a better place than many in this struggling economy, but not without a cost: about $27,000 in student loans. But … Continue reading
BY Anya Kamenetz This afternoon at the newly cleared, heavily patrolled, and sparkling (Christmas lights!) Zuccotti Park, a group of activists dressed in caps and gowns made from garbage bags and draped with paper chains announced the official launch of the Occupy Student Debt Campaign. Led by NYU professor Andrew Ross, the group is trying … Continue reading
Marcus Baram It sits in the mailbox and taunts us: The thin sliver of an envelope, recognizable by the logo in the top-left corner, arrives every month. And my wife and I instantly react with a deep sigh. It’s the latest statement from the company servicing her nearly six-figure student loan debt, which hangs over … Continue reading
By Kevin Holtsberry of Red State One of the failings of our public school systems is the lack of basic economic literacy of so many of our students. I am afraid this has infected our political discourse and policy making to a degree that is frightening and deeply disheartening. One prime example of this, are attempts to … Continue reading
Posted by Shannon Rasberry It’s getting harder to pay for college. Not only is the economy in bad shape and unemployment high, but now previously reliable sources of federal financial aid, including federal student loans and federal grants, are being cut or altered as part of ongoing budget negotiations in Washington. And more changes are … Continue reading
Gov. Rick Scott and state legislators are pondering big changes in higher education, including limits on tenure for professors at public universities. But there’s another issue that’s begging for attention: the rising rate of student loan defaults at universities and colleges in Florida. Figures released by the U.S. Department of Education this month showed more … Continue reading
Originally Posted by Shannon Rasberry on Sep 1, 2011 in Student Loan Legislation The future of a state program for student loans in Texas will be decided by voters during the state’s upcoming constitutional amendment election. Funding for the Hinson-Hazlewood College Student Loan Program is one of 10 proposed amendments to the Texas Constitution that will … Continue reading
Written by Bill Conrad, bconrad@acnpapers.com The future of state-issued college loans is in the hands of Texas voters. A proposed amendment to the Texas Constitution would allow the sale of bonds to fund the Hinson-Hazlewood College Student Loan Program is one of 10 items on the Nov. 8 ballot. Other items include a provision to … Continue reading
Posted by Tasha Adaams PHOTO COURTESY MCT CAMPUS Unless you have the no-limit diamond-studded Dubai First Royale MasterCard (which by the way, is only available in Dubai), then chances are you have a spending limit of some sort. So does the government and this summer, it was close to hitting it. Talks between President Obama … Continue reading
Tuition costs have increased at a far greater rate than housing, energy and health care costs, as well as the overall rate of inflation. This post comes from Seth Fiegerman at partner site MainStreet. The country may still be grappling with the aftermath of the housing bubble’s burst, but one recent report suggests a different … Continue reading
Ian Hrabe remembers the phone calls. They started cordially, but got nastier and nastier, until finally the student loan company was calling at 7 a.m., demanding payment on its loan. National experts agree that people like Hrabe are among a new generation of college graduates having to deal with an increasing mound of debt resulting … Continue reading
This pretty much sums it up no matter how you look at it. Read the story by Tyler Kingkade. Moody’s Analytics Warns Student Loans May Be The Next Financial Bubble To Burst WASHINGTON — Record borrowing by college students who are graduating without jobs could lead to major problems in the nation’s economy, according to … Continue reading
Predatory lending practices targeting students symptom of broken education system By Ryan Hamilton While talking heads on news channels crow and manufacture umbrage over the deficit and the debt ceiling, a looming crisis of personal indebtedness for a new generation of Americans slowly takes root into the bank accounts of many college students. There it … Continue reading
Changes could make higher ed even more costly. By CANDICE CHOI NEW YORK — College is already expensive. Now the government’s 11th-hour agreement to raise the debt ceiling is set to push costs higher. That’s particularly true for those pursuing advanced degrees, with the government eliminating subsidies to graduate and professional students. But that’s not where the … Continue reading
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