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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: student debt

student debt stories: 5 news summaries

Student Borrowing Soars
25% to Record Levels

Students' fed loans jump 25% from previous year

Sep 3, 09 10:03 AM CDT
(Newser) - Some two-thirds of students borrow for college today, and they’re borrowing more than ever: For the 2008-2009 school year, the federal government loaned students $75.1 billion—25% more than the year before. That’s the biggest increase on record, the Wall Street Journal reports. The trend has troubling... More »

MORE ABOUT:
education • student loans • college • college loans • student debt

(Newser) - College students in 2008 carried an average of $3,173 in credit card debt, a huge jump from 4 years earlier, USA Today reports. A Sallie Mae study, when conducted in 2004, revealed an average balance of just $2,169. When students “can’t get private loans, they... More »

MORE ABOUT:
education • university • recession • credit card • college tuition • college student • student debt • expenses

 Dear Mom, Dad: 
 Please Send Bailout 

Parents face tough choices as debt-ridden kids struggle to find work

Oct 8, 08 8:45 AM CDT
(Newser) - The families of many debt-laden college graduates are pondering bailouts of their own as the job market sours, the Wall Street Journal reports. With the average student loan now $22,000, parents of some struggling grads face a tough choice—to let their kids learn a lesson about credit the... More »

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parenting • student loans • debt • credit card • college loans • student debt • college graduates

ANALYSIS

$700B Goes a Long Way
in Space—and on Earth

Bailout bucks could fund 7 space stations, pay salaries for 16M teachers

Oct 5, 08 6:03 AM CDT
(Newser) - With the Treasury Department now in charge of figuring out what holes to plug with its $700 billion in bailout bucks, the San Francisco Chronicle takes a look at what else that money could do. Some highlights:
  • Hire 16,062,414 public-school teachers.
  • Pay the average weekly wages
... More »

MORE ABOUT:
education • International Space Station • Iraq war • student debt • Afghanistan war • single-family homes • Hubble Space Telescope

Credit Crunch Ups Price of College Loans

Federal, private lenders will raise rates, increase rejections

Mar 3, 08 2:40 PM CST
(Newser) - Even as college costs soar, the credit crunch is about to make student loans more expensive—and tougher to come by. Fees for federally guaranteed loans, which offer below-market rates, are expected to rise, and some states have dropped out of the program. At least a dozen private firms have... More »

MORE ABOUT:
education • debt • college • university • credit crisis • subprime crisis • college costs • student debt • federal loans • Stafford loan

5 Stories


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