Archives for July 2013

Student Debt & The American Dream

Everyone recognizes that having a strong education is one way to move up in the world, but as college degrees become increasingly essential to making one’s way in the 21st-century economy, education for the poorest Americans is becoming increasingly unaffordable. The average senior graduates with a loan exceeding $26,000; that’s a 40% increase in … [Read more...]

The Student Loan Fairness Act

Last week, we discussed why critics say student loan forgiveness won’t work. This week we take a look at The Student Loan Fairness Act. April 25th marked the one-year anniversary of student debt hitting one trillion dollars. Today, more than 1 in 3 borrowers of student loans are over 90 days delinquent, according to a study by the New York … [Read more...]

July Newsletter 2013: Student Loan Rates Double & More

  Happy July! I hope everyone has a great 4th of July weekend! In this month's Senior Scoop, learn how to maximize the IRS educational tax benefits available to you before you choose which funds to use to pay that first college bill. It's official, student loan rates for government subsidized loans went up from 3.4% to 6.8% effective … [Read more...]

Student Loan Forgiveness: Why Critics Say It Won’t Work

A college graduate without student loan debt is like catching a glimpse of a white whale in the ocean; needless to say, it’s a rare occurrence. In the past eight years, student loan debt has nearly tripled to $1.1 trillion. It has gotten so bad that the New York Fed economists warned last month that the burden of debt could affect consumer spending … [Read more...]

College Students: Personal Finance

It’s normal for parents to worry about sending their students to college, but it’s not just their academics that parents should worry about. They should also think about making sure their college student understands personal finances. Research from America’s Promise Alliance shows that a lack of transparency and simplicity in the application … [Read more...]