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Showing blog posts tagged with student loans

The Ominous Future of Education Debt

Sean Savett | Political Action/Legislation

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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Quality@Work See How America's Unions Make a Difference

The Student Debt Deal Trade-Off?

Sean Savett | Political Action/Legislation

With the flourish of a bipartisan brush, the Senate  approved a bill  last night to lower federal student loan interest rates, providing a measure of relief to the 7 million students preparing to finance their futures this fall. Undergraduates borrowing for college this year will pay a 3.86% interest rate, instead of the previous 6.8% rate, while recipients of graduate student and parent loans will pay 5.4% and 6.5%, respectively. However, these likely will be the lowest interest rates students and their families receive for the foreseeable future.

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New Senate Deal Will Add to the Mountain of Student Debt

Sean Savett | Political Action/Legislation

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

Sean Savett | Political Action/Legislation

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

Mike Hall | Political Action/Legislation

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

William Spriggs | Political Action/Legislation

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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Student Loans Battle Picks Up Again

Sean Savett | Political Action/Legislation

This past July 4th our nation celebrated its independence as many working families gathered to watch parades and fireworks that celebrate a country predicated on endless opportunity. For centuries, people have flocked to America, where we dream that no matter the circumstances of birth, anyone can work hard and achieve a better life.

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Student Loan Rates Doubled. Have a Happy 4th!

Dave Johnson | Economy

Student Loan Rates Doubled. Have a Happy 4th!

Congress to students: Celebrate the 4th! Student loan rates just doubled!

The June 30 deadline for action by Congress came and went. In a shocker, Republicans obstructed efforts to keep student loan rates from doubling. Now is the time to call your senators and representatives and raise a ruckus. Republicans insist that the country make a profit off of the students, but how does it help a country and an economy to make it so expensive to get a higher education?

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Timing: Oct 02 2013 08:07:56
End
Notice: Oct 02 2013 08:07:56
eZTemplate: Loading template "setup/debug_toolbar.tpl" with resource "design"

Timing points:

CheckpointElapsedRel. ElapsedMemoryRel. Memory
Script start 0.0000 sec0.0171 sec 1,284.6172 KB1,198.9531 KB
Module start 'content' 0.0171 sec0.3975 sec 2,483.5703 KB6,656.1016 KB
Module end 'content' 0.4146 sec0.6977 sec 9,139.6719 KB7,430.6250 KB
End 1.1123 sec  16,570.2969 KB 
Total runtime:1.1185 sec
Peak memory usage:18,318.4297 KB

Time accumulators:

 Accumulator Elapsed Percent Count Average
ini_load
Load cache0.0076 sec0.6763%330.0002 sec
Find INI Files0.0003 sec0.0264%60.0000 sec
Mysql Total
Mysqli_queries0.7467 sec66.2904%5570.0013 sec
Looping result0.0189 sec1.6739%5460.0000 sec
TS translator
TS init0.0021 sec0.1839%40.0005 sec
TS cache load0.0010 sec0.0913%40.0003 sec
TS context load0.0007 sec0.0631%40.0002 sec
Template Total1.0680 sec 94.8% 3 0.3560 sec
Template load0.0096 sec0.8510%30.0032 sec
Template processing1.0582 sec93.9527%30.3527 sec
Template load and register function0.0001 sec0.0114%10.0001 sec
states
state_id_array0.0110 sec0.9757%140.0008 sec
state_identifier_array0.0166 sec1.4745%250.0007 sec
override
Cache load0.0095 sec0.8417%790.0001 sec
class_abstraction
Instantiating content class attribute0.0016 sec0.1424%370.0000 sec
Sytem overhead
Fetch class attribute can translate value0.0012 sec0.1077%100.0001 sec
Fetch class attribute name0.0072 sec0.6427%250.0003 sec
XML
Image XML parsing0.0062 sec0.5496%100.0006 sec
General
String conversion0.0000 sec0.0015%30.0000 sec
dbfile0.0012 sec0.1070%520.0000 sec
Total script time:1.1264 sec