debt
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…
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…
Student Loans – How to Prevent Defaulting on Your Loan?
Student loan defaults have risen for the sixth straight year according to the Institute for College Access & Success. The percentage of borrowers who defaulted on their federal student loans within two years of their first payment jumped 9.1% in fiscal year 2011, up from 8.8% the previous year. A mid-2012 briefing paper by the…