student debt – News Stories About student debt - Page 3

Unpaid Student Debt
Sending Seniors
Below Poverty Line

Dec 25, 2016 1:05 PM CST

Unpaid Student Debt Sending Seniors Below Poverty Line

Report: Social Security garnishments rising among older Americans

(Newser) - Can federal student loan debt follow you into your golden years? It can and it is, per a report released Tuesday. The Department of Education last year garnished $171 million from Social Security checks going to Americans ages 50 and up, reports Consumerist . Since most of those affected are aging...

Student Debt Forgiveness to
Cost Taxpayers $108B: Report

Dec 1, 2016 1:48 PM CST

Student Debt Forgiveness to Cost Taxpayers $108B: Report

Government Accountability Office says that's how much will be forgiven in coming years

(Newser) - A new report out of the Government Accountability Office reveals that the federal government will forgive at least $108 billion in student loan debt in the coming years, a higher amount than official estimates out of the federal government's Education Department, the Washington Post reports. The GAO report, which...

Canada Makes It Easier
to Repay Student Loans

Oct 31, 2016 9:39 PM CDT

Canada Makes It Easier to Repay Student Loans

Students won't have to repay debt until they reach a minimum income level

(Newser) - Canada's about to make it a lot easier for low-earning graduates to repay their college debt, Global News reports. A new plan allows those earning less than CAD $25,000 (USD $18,650) per year to defer payment on government loans until they secure a higher-paying job. Almost 750,...

Our Student Loan Debt
Problem Is Getting Worse

Oct 18, 2016 12:42 PM CDT

Our Student Loan Debt Problem Is Getting Worse

4% increase from 2014 to 2015 for those with bachelor's degrees from public, nonprofit private schools

(Newser) - How much students are borrowing for higher education is still creeping up—and the numbers that are coming in are probably conservative. The Institute for College Access and Success , a nonprofit, reported Tuesday that the average student loan debt for 2015 for those receiving a bachelor's degree was $30,...

College to Pay
Loans for Grads
Making Less Than
$40K a Year

Sep 21, 2016 5:20 PM CDT

College to Pay Loans for Grads Making Less Than $40K a Year

Keystone College announces new program

(Newser) - If you graduate from Keystone College and your post-grad job pays less than $40,000 a year, the Pennsylvania institution will pay some or all of your student loans, officials announced Tuesday. The Keystone Commitment Loan Repayment Assistance Program will first be available to first-time, full-time freshmen who start at...

Best, Worst States
for Student Debt

Aug 3, 2016 9:07 AM CDT

Best, Worst States for Student Debt

Utah is best; DC is worst

(Newser) - Congratulations to anyone heading off to college in Utah this fall. A WalletHub ranking finds the state is the friendliest in the country when it comes to student debt, based on average debt, loans overdue or in default, unemployment, the availability of student jobs and grants, and other factors. Other...

Mom Forced to
Pay Off Murdered
Son's Student Loans

Mom Forced to Pay Off Murdered Son's Student Loans

'NYT' takes a close look at New Jersey student loans

(Newser) - Marcia DeOliveira-Longinetti's son, Kevin, was murdered last year in a case that still hasn't been solved. And, as the New York Times reveals in an extensive look at New Jersey's student loan industry completed in cooperation with ProPublica, DeOliveira-Longinetti is not only grieving her son but is...

10 States With the
Most Student Debt

May 19, 2016 9:29 AM CDT

10 States With the Most Student Debt

Sorry, Delaware pupils

(Newser) - The average American college student owed $28,950 at graduation in 2014—but students in some states are even worse off. 24/7 Wall St. rounds up the top 10 states with the most student debt on average—based on 2014 numbers from the Institute for College Access and Success—noting...

Extreme Student Debt Solution: Leave the Country

'Vice' writer talks to 'dodgers' who moved to Berlin

(Newser) - It's a sign not only of how bad the student-debt situation is but just how crushing that debt feels to those beneath it: Some young Americans are leaving the country, perhaps for keeps, to escape it, writes Alexander Coggin at Vice . Coggin doesn't have stats, but he's...

The 'Million Student March'
Is Happening

Nov 12, 2015 12:30 PM CST

The 'Million Student March' Is Happening

Protesters want free tuition, student debt forgiveness, and more

(Newser) - Across the country Thursday, students will be walking out of classrooms as part of the "Million Student March." The demonstrations were planned as a protest against student loan debt, with students calling for not only tuition-free education at public colleges and forgiveness of student loans, but also for...

Recent Grads Who
Think Degree Was
Worth It: Just 38%

survey says

Sep 30, 2015 11:12 AM CDT

Recent Grads Who Think Degree Was Worth It: Just 38%

But there is one thing that makes a big difference

(Newser) - Just 38% of recent college graduates (from 2006 on) "strongly agree" that their education was worth its price, a new Gallup-Purdue Index study finds, and 8% felt strongly that it wasn't worth it. The number rises to 50% for all college graduates (more than 30,000 total) who...

Students With Smallest Debt Most Likely to Default

Sep 1, 2015 2:24 PM CDT

Students With Smallest Debt Most Likely to Default

Those with biggest debt tend to end up with high-paying jobs

(Newser) - Who is more likely to default on a loan: a student who borrows a few thousand dollars, or one who borrows $50,000? The answer may surprise you: According to new data from the Department of Education, students who borrow between $1,000 and $5,000 default in 34% of...

How Many Plan
to Pay $200K in
Grad-School Debt:
They Don't

Aug 19, 2015 8:24 AM CDT

How Many Plan to Pay $200K in Grad-School Debt: They Don't

A growing class of borrowers don't intend to pay off 6-figure loans

(Newser) - In 2012 the average medical-school grad owed about $162,000 in student loan debt. But many of these newly minted doctors can, thanks to one government program, pay just a few hundred dollars a month on their loans—in some cases, far less than the interest that's being tacked...

Clinton Wants to
Throw $350B at
Making College
Free, Cheap

Aug 10, 2015 7:47 AM CDT

Clinton Wants to Throw $350B at Making College Free, Cheap

Candidate's plan would make community college free, 4-year college 'no loan'

(Newser) - As student debt balloons into an issue in the realms of predatory lending , borrowers' mental health , and even the elderly , politicians continue to brainstorm on making college more affordable. Hillary Clinton's solution: a $350 billion proposal whose goals include making community college free, cutting costs to attend four-year public...

One Public College Really Racks Up Grad-Student Debt

Jul 21, 2015 10:41 AM CDT

One Public College Really Racks Up Grad-Student Debt

That would be New Jersey's well-regarded Rutgers University

(Newser) - Just one public university made it on the list of the top 20 US colleges receiving the most graduate-student loan money—an elite group that received 20%, or $6.5 billion, of the total amount of funds loaned to graduate students in the 2013-2014 academic year, the Washington Post reports....

Feds to Forgive Loans
of Scammed Students

Jun 9, 2015 1:21 AM CDT

Feds to Forgive Loans of Scammed Students

Corinthian debt relief could cost $3.6B

(Newser) - In what Education Secretary Arne Duncan says is "our first major action on this but obviously it won't be the last," an expanded—and expensive—debt relief plan has been approved for former Corinthian Colleges students. Some 16,000 were affected when the for-profit company closed its...

Students in Debt,
It's Time to Strike

OPINION

Feb 28, 2015 9:00 AM CST

Students in Debt, It's Time to Strike

Essayist: Modest tweaks to the system aren't enough

(Newser) - More than a dozen students who say they got suckered into big student loans launched a debt strike last week and are refusing to make payments on their federal loans. It's a good move, writes Astra Taylor in the New York Times , but it's not nearly enough. These...

Student Debt Hurts Mental Health, Study Suggests

Feb 12, 2015 4:54 PM CST

Student Debt Hurts Mental Health, Study Suggests

It's the first study to actually look at the link

(Newser) - People have been railing against student loans for a while now, but a new study gives you another reason to complain: Loans, it suggests, can also hurt students' mental health. The study looked at survey responses from nearly 5,000 Americans born between 1980 and 1984, and found that the...

We've Overlooked a Major Student-Debt Problem

Nov 10, 2014 9:07 AM CST

We've Overlooked a Major Student-Debt Problem

We fret about undergrads, but grad students are deeply in debt

(Newser) - Undergrads, don't worry too much about the loans you'll be saddled with after college—there's a group that might need to worry even more. Even though the National Center for Education Statistics shows that grad students accounted for just 14% of university enrollees in 2012, the New...

Student Debt Driving
Elderly Into Poverty

Sep 11, 2014 12:08 AM CDT

Student Debt Driving Elderly Into Poverty

Number with benefits cut to repay loans soars

(Newser) - A soaring number of Americans are facing an old age of poverty because they are still saddled with student debt, according to a Government Accountability Office report released yesterday. The government has the power to slash Social Security or disability benefits to pay off federal student loans, and the number...