The Government Can Take Your Social Security to Pay Student Loans, But Maybe Not for Long

Students

The Government Can Take Your Social Security to Pay Student Loans, But Maybe Not for Long

The Government Can Take Your Social Security to Pay Student Loans, But Maybe Not for Long

Failing to repay your federal student loans can have serious consequences, from a damaged credit rating and debt collection to lost tax refunds and wage garnishment. The government can also garnish your Social Security benefits, though legislators introduced a Senate bill aimed at ending this penalty on Thursday. Unveiled by a group of Democratic senators, the Protection of Social Security Benefits Restoration... Read More

This Tuition Bill From 1979 Will Make You Want to Cry

Students

This Tuition Bill From 1979 Will Make You Want to Cry

This Tuition Bill From 1979 Will Make You Want to Cry

My mom was helping her parents clean their condo the other day, and — as often happens during such adventures — she found some entertaining things. Among them was an Illinois State University registration form from 1979, when my aunt was in college, and my mom sent me a picture of it. If you went to college in... Read More

Are Lower-Income Students Really to Blame for the Student Loan Problem?

Students

Are Lower-Income Students Really to Blame for the Student Loan Problem?

Are Lower-Income Students Really to Blame for the Student Loan Problem?

In a continuing effort to disprove what it calls “the so-called student-loan crisis in the U.S.,” the Brookings Institution recently published a paper in which the authors conclude that the heightened level of student-loan defaults is largely attributable to the actions of non-traditional borrowers: students attending for-profit schools, and the nation’s community colleges. That for-profit-school... Read More

How I’m Paying Off $155K of Student Loans From Pharmacy School

Students

How I’m Paying Off $155K of Student Loans From Pharmacy School

How I’m Paying Off $155K of Student Loans From Pharmacy School

Medical professionals often leave school with jaw-dropping amounts of student loan debt. Among 2014 graduates from medical school, for example, most (84%) reported having education debt, with a median amount just over $176,000, according to the Association of American Medical Colleges. Even if they earn high incomes when they graduate (physicians, for example, are among the... Read More

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