student debt

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'Gold Mine' for Schools Is Misery for Grad Students

Wall Street Journal looks at how elite programs saddle students with lifelong debt

(Newser) - Congratulations, you've been accepted to Columbia University's film program. Welcome to your lifetime of debt. That's not quite the greeting new grad students receive, but it ends up being the unwelcome reality for all too many, reports the Wall Street Journal . The newspaper takes a lengthy look...

America's Student Debt Total Getting $500M Lighter

Loan relief granted to former ITT Tech students

(Newser) - The Education Department said Wednesday it's erasing student debt for thousands of borrowers who attended a for-profit college chain that made exaggerated claims about its graduates' success in finding jobs and students' ability to transfer credits elsewhere. The Biden administration said it's approving 18,000 loan forgiveness claims...

As Graduation Was Ending, Students Were Given a Big Gift

Ohio's Wilberforce University wipes away debt for graduating students

(Newser) - What's better than hearing your name read aloud at commencement? This: As Saturday's graduation ceremonies came to a close, Ohio's Wilberforce University President Elfred Anthony Pinkard let the 2020 and 2021 graduates know they would all be exiting without any student debt to the university. Cleveland.com...

University Uses COVID Relief to Cancel Student Debt

Delaware State just nuked $700K in loans

(Newser) - An historically Black university has canceled $730,655 in student debt. Per CNN , Delaware State University is issuing relief for recent graduates who've been hit particularly hard due to the pandemic and is doing so with the help of federal dollars provided through American Rescue Plan for COVID-19 relief....

She's Paid $60K on Student Debt of $78K, Now Owes $100K

Molly Webster writes of her uphill battle against interest on her loans

(Newser) - Molly Webster is a science reporter for the popular Radiolab show, but her op-ed in the New York Times is on a different topic entirely: student debt. "I have a secret shame," she begins. "I am 38 years old and I carry enormous federal student loan debt,...

Biden on Student Debt Idea: &#39;I Will Not Make That Happen&#39;
Biden Shuts Down $50K
Student Debt Idea in 6 Words
the rundown
Feb 17, 2021 11:00 AM CST

Biden Shuts Down $50K Student Debt Idea in 6 Words

'I will not make that happen'

(Newser) - President Biden on Tuesday slammed the door shut on a proposal to erase $50,000 in federal student loan debt per borrower with six words: "I will not make that happen," he said at a CNN town hall. But NBC News reports he did indicate that he was...

Judge Overturns Myth, Wiping Out a Student Loan Tab
Judge Wipes Out
a Student Loan Tab
in case you missed it
Jan 12, 2020 4:20 PM CST

Judge Wipes Out a Student Loan Tab

$220K decision reflects the rethinking of standards for helping borrowers

(Newser) - Kevin J. Rosenberg borrowed about $116,500 between 1993 and 2004 to get him through the University of Arizona, where he earned a history degree, and Cardozo Law School. With interest, that debt grew to $221,400, the Wall Street Journal reports. In 2018, Rosenberg filed Chapter 7 bankruptcy, unable...

Their Daughter Wanted a Pricey College. They Said No

Slate essay suggests parents have a duty to help their children avoid a costly mistake

(Newser) - In an essay at Slate , Melody Warnick writes how she and her husband made the difficult decision to quash their teenage daughter's hopes of going to a fancy—meaning expensive—art school out of state upon graduation. Warnick feels like a "monster" for doing so, but the middle-class...

Is the Solution to the Student Debt Crisis Hiding in Kentucky?
Is the Solution to the
Student Debt Crisis
Hiding in Kentucky?
IN CASE YOU MISSED IT
Dec 8, 2019 2:30 PM CST

Is the Solution to the Student Debt Crisis Hiding in Kentucky?

Berea College has taken a novel approach for more than a century

(Newser) - Could the answer to our student-debt woes be hiding rural Kentucky? Maybe, writes Holly Honderich for the BBC . And if it is, it's an answer that was arrived at in 1892. That's the year Berea College, which was founded nearly four decades prior, ceased charging tuition. Honderich explains...

Med School Is on Us, Cornell Decides

School will cover all costs for anyone qualifying for financial aid

(Newser) - Student debt is a burden for many college graduates. For new doctors, the need to repay loans can drive them to higher-paying specialties rather than family medicine. "We have been planning, strategizing, and raising money" to address the student debt issue, says the dean of Cornell University's medical...

Student Debt Is the Worst in These 10 States

Going to school in South Dakota could leave you with a big tab by graduation

(Newser) - One of the "hot-button" issues in the upcoming presidential election is how students will pay for their education, WalletHub notes—and to put things in geographical context, it's analyzed the numbers to see which states have the most and least student debt. The site looked at a dozen...

Sanders to Propose 'Revolutionary' End to an 'Absurdity'

Presidential contender wants to wipe out all $1.6T of student loan debt in the US

(Newser) - The first debates for Democratic presidential contenders are taking place Wednesday and Thursday, but one candidate isn't keeping a major proposal under wraps until then. Per Vox , Sen. Bernie Sanders on Monday is set to unveil legislation in support of a "College for All" proposal that calls for...

Man Who Fled US After Graduation: 'College Ruined My Life'

Student loan debt made living in America unbearable for Chad Albright, and others

(Newser) - You just graduated college. What are you doing next? The answer was not "going to Disney" for these three grads profiled by CNBC —it was fleeing to Ukraine, Japan, and even a jungle in India, all to escape the crushing debt from their student loans back in the...

Meet the Man Behind That Astonishing College Offer
Behind College Offer: The
Richest Black Person in US
the rundown
May 20, 2019 12:20 PM CDT

Behind College Offer: The Richest Black Person in US

Robert F. Smith is paying off the class debt at Morehouse College

(Newser) - It will be hard to top as a commencement speech going forward. Billionaire Robert F. Smith told 2019 graduates of Atlanta's Morehouse College in his speech Sunday that he would pay off all their student loans. Morehouse is a historically black college, and Smith is considered to be the...

Billionaire Stuns Grads With Commencement Pledge

Robert F. Smith will pay off the loans of Morehouse College students

(Newser) - Billionaire investor Robert F. Smith received an honorary degree from Morehouse College during graduation ceremonies Sunday—and he told the rest of the Class of 2019 that they wouldn't have to worry about repaying student debt. "This is my class and I know my class will pay this...

Warren Unveils Audacious Student Debt Plan

She would wipe it out entirely for most

(Newser) - Elizabeth Warren is out with what might be her most controversial policy proposal yet ahead of the 2020 election: She wants to wipe out a large chunk of the student debt now held by Americans, reports HuffPost . "The time for half-measures is over," Warren writes in a blog...

What It&#39;s Like to Be 30 and Ruined by Student Loan Debt
The Reality of Living With
a $100K Student Loan Debt
IN CASE YOU MISSED IT
Aug 26, 2018 2:30 PM CDT

The Reality of Living With a $100K Student Loan Debt

MH Miller is due to have it paid off in 2032

(Newser) - "I have come to think of my debt as like an alcoholic relative from whom I am estranged, but who shows up to ruin happy occasions." MH Miller's description of his roughly decade-old student loan debt might not be extreme enough. In a lengthy piece for the...

How One Man Racked Up $1M in Student Debt

Orthodontist and his wife lived frugally but the bills kept piling up

(Newser) - Mike Meru has a staggering student-loan problem: He owes lenders $1,060,945.42. He is making payments, but still, his debt grows $130 every day. And the 37-year-old orthodontist is not alone. There are currently 101 borrowers who owe more than $1 million in student loans, and there are...

Defrauded Students Getting Debt Relief—25 Years Later

Government settles lawsuit filed by students of shuttered for-profit college

(Newser) - One of the largest for-profit college chains in the US was shuttered in 1994 after federal investigations revealed it had defrauded thousands of students by falsely certifying them for federal loans. Ever since, the US government has been collecting on federal student loan debt left behind by students of Wilfred...

Paperwork Errors Could Wipe Out $5B in Student Loans

Courts are throwing out National Collegiate's cases

(Newser) - One of the biggest holders of private student loans appears to have flunked Bookkeeping 101—and that could be very good news for a lot of borrowers. The National Collegiate Student Loan Trust, a group of 15 trusts holding 800,000 student loans worth around $12 billion, has been pursuing...

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