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Showing blog posts by Sarah Lewis

Debt Relief Scammers Preying on Student Loan Borrowers

Working families who’ve saved, sacrificed and borrowed to go to college or send a family member are struggling to meet the demands of their student loans. Now those folks who feel like they’re drowning in debt from getting an education and training that makes them more productive—and makes the United States more competitive—are being targeted by so-called debt relief companies.

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New Law Will Increase Student Loan Interest Rates for Borrowers

New Law Will Increase Student Loan Interest Rates for Borrowers

Post-secondary students and their parents are in for a treat as they begin financial preparations for the coming school year.

Under the Bipartisan Student Loan Certainty Act, signed into law last summer, just as new federal student loan rates were set to double, student loan interest rates are now tied to financial markets, which means as the financial markets get stronger interest rates will get higher.

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Higher Education Ratings System Would Further Disadvantage Institutions Serving Low-Income Students and People of Color

Higher Education Ratings System Would Further Disadvantage Institutions Serving Low-Income Students and People of Color

The Center for American Progress (CAP) recently released the outline of a proposal for the Obama administration’s plan to make college more affordable. The rating system it puts forth essentially amounts to a "Race to the Top" for postsecondary and higher education institutions, something school faculty and working families have been concerned about from the get-go. Race to the Top/No Child Left Behind has resulted in further defunding of public schools serving disadvantaged students while already better-resourced schools have been able to further their lead. This has widened the achievement and opportunity gaps between children of the working class and their more privileged peers from affluent families.

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Young Workers...What's on Our Policy Agenda?

Follow the conversations on Twitter: #YEPF

Workers under the age of 34 face higher unemployment rates than older workers and make up nearly half of the currently unemployed. As student debt continues to build up—exceeding even credit card debt—and wages stagnate or fall for workers with or without a college degree, young workers are accruing less wealth than their parents—perhaps the first time in U.S. history when a generation has failed to do better than its parents. Young workers struggle to find work and often take jobs that are below their education and skill level or bounce from contract to unpaid internship to temp job without the stability of a full-time regular job but with all the long hours and hard work.

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