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Showing blog posts tagged with student loan debt

If You're Not Rich in America, This Will Cost a Lot More

"If you're not rich in America, college costs more," says Sen. Elizabeth Warren (D-Mass.) "It costs more because you have to borrow the money and pay and pay and pay. And not just pay the cost of the education, not just pay over time the cost to borrow, but pay to produce a profit for the United States government."

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What You Need to Know About the Student Debt Crisis and the Latest Efforts to Fix It

Photo by a.mina/Flickr

As awareness of the student debt crisis continues to grow across America, some public officials in multiple branches of government are trying to help. This fall, the Consumer Financial Protection Bureau (CFPB) announced several new initiatives to regulate the private loan industry, and just recently, two groups of senators introduced bills to combat the rising cost of college tuition, increase access to higher education and provide student debt holders with a borrower’s bill of rights.

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Should the U.S. Government Be Profiting Off of the Student Debt Crisis?

Should the U.S. Government Be Profiting Off of the Student Debt Crisis?

Did you know that while millions of people struggle to repay their student loan debt, the U.S. government is extracting massive profits? 

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Refinancing the American Dream

Photo of a Occupy Wall Street student protester.

For generations, a college degree has been considered a path to the middle class. Millions of Americans have attended college with increasing frequency, making a down payment on their future with the promises of higher education.

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The Ominous Future of Education Debt

Photo by Images_of_Money/Flickr

The bad news on student loans just keeps coming. Within the past few months, federal student loan debt has surpassed the $1.2 trillion mark, Congress raised interest rates for incoming students and tied them to market swings and the average graduate from the class of 2013 left college with a record $30,000 of debt.

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Does College Have to Be a Debt Trap?

Photo courtesy NewsHouse

Katrina Vanden Heuvel has a great piece in The Washington Post this morning on the future of higher education and the trillion-dollar mountain of student debt weighing down millions of America's working families.

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New Senate Deal Will Add to the Mountain of Student Debt

Photo by thisisbossi/Flickr

For generations, America's workers have labored and sacrificed to give their families a chance at a better life. Parents send their children to school, help them with their homework and strive to save so their children can attend the college of their dreams. Students, in turn, work toward their bachelor’s degree, intent on climbing the ladder of economic opportunity and graduating into a better lifestyle. 

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Possible Student Loan Debt Deal Emerges Which Would Cost Students More to Borrow for College

Possible Student Loan Debt Emerges Which Would Cost Students More to Borrow for College

Since interest rates doubled for the 7 million working families expected to take out federal Stafford student loans this fall, the political battle to avert the huge spike in borrowing costs has raced and roared. Senate leaders have been considering several solutions all week to prevent students who already graduate college with a mountain of debt from paying an average of $4,000 extra over the life of the loan.

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Student Loan Hike Means Even More ‘On the Backs’ of Students and Families

Student Loan Hike Means Even More ‘On the Backs’ of Students and Families

College students and their families are facing even greater obstacles in paying for an already almost out-of-reach college education after a minority of Senate Republicans this week blocked a bill that would have kept federal student loan interests rates from doubling.

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Student Loans and American Skills: Two Different Times, Two Different Reactions

Photo via Occupy* Posters/Flickr

On Oct. 4, 1957, the Soviet Union shocked America with the successful launch of Sputnik I, the first man-made object launched into Earth orbit. The 20th century quickly became passé, the race was on for the 21st century and America realized the race would be won with technical skill and know-how. So, the response was quick. By September 1958, President Eisenhower and the 85th Congress, with the Senate almost evenly split between 49 Democrats and 47 Republicans voting 62-26, put in place the National Defense Student Loan program.  

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