US student loan debt stands at $1.5 trillion and cannot be erased through bankruptcy.
Student loan debt has reached record level highs and its impacts are being felt throughout the entire economy. This crisis will be hard on those deeply indebted, but it is also a drag on the nation's economy as a whole.
Americans who took out loans to pay for a college education are defaulting on those debts at record levels. The country has never been as indebted with student loans as it is now, and the problem continues to spiral out of control.
"That's no excuse," she said. "I dropped the ball, and I defaulted." Originally, the loan servicer asked her to get back on a standard repayment plan - one where the payments would be far above what she could afford. "I told them I just
Thanks to the efforts of a Virginia church, dozens of graduating students are finishing their college education with zero debt or outstanding tuition.
Consumer advocacy groups are calling the student loan paycheck deductions "mandatory wage garnishment" and are throwing up red flags.
You asked....Ron Paul answered! Please enjoy another edition of #AskRonPaul!
When all the tribes of Israel still lived in their holy land, they practiced something called the Jubilee.
- Student Loan Bubble Is About To Pop
As politicians continue to point to a booming economy with a low unemployment rate, the real evidence that those surface numbers aren't reflecting reality are becoming more apparent. The student loan crisis in the United States is about to go from
...while the cost of a college education and student debt loads are soaring, wages are stagnant. So you're paying more and more for something that delivers stagnant value. It's the definition of a bad deal.
Higher education has become one of the biggest money-making scams in America. We tell all of our young people that if they want to have a bright future, they must go to college.
With the student loan crisis showing no signs of improvement, there's little to no light at the end of the tunnel for America's debt-ridden graduates.
It's that time of year, when students prepare to head back to the classroom.