80% of Americans Are in Debt

Managing Debt

80% of Americans Are in Debt

80% of Americans Are in Debt

The vast majority of Americans are in debt, according to a report from Pew Charitable Trusts published in July. For the most part, that debt comes from what many people would call a good thing — homeownership. Of the 80% of Americans with debt, 44% have mortgage debt. Overall, the median debt load among Americans… Read More

Families Spent $3K More on College This Year

Students

Families Spent $3K More on College This Year

Families Spent $3K More on College This Year

For the past four academic years, families tried to reduce the amount of money they paid for college, even as tuition prices steadily grew. For the first time since the 2009-2010 school year, families of undergraduate students spent more than $24,000 on average for a year of college, according to the “How America Pays for… Read More

Not So FAFSA: How to Avoid a Student Aid Scam

Students

Not So FAFSA: How to Avoid a Student Aid Scam

Not So FAFSA: How to Avoid a Student Aid Scam

As July melts into August, many college-age students are once again turning their thoughts (if they haven’t done so already) to that beast of complexity, the FAFSA form – which students must fill out if they want to receive financial aid. While there are many reputable companies that help prepare FAFSA forms, there are a… Read More

The Real Reason Behind Skyrocketing College Tuition

Students

The Real Reason Behind Skyrocketing College Tuition

The Real Reason Behind Skyrocketing College Tuition

Sara Goldrick-Rab is among the loudest critics of America’s structures designed to fund college education. She’s a professor of Educational Policy Studies and Sociology at the University of Wisconsin-Madison, working for a state school that is squarely in the cross-hairs of Wisconsin Gov. Scott Walker’s plans to cut funding and eliminate tenure. Her writings include… Read More

Donald Trump’s Position on Student Loans May Surprise You

Students

Donald Trump’s Position on Student Loans May Surprise You

Donald Trump’s Position on Student Loans May Surprise You

Donald Trump seems to be on the side of many indebted Americans — and some Democrats, actually — that the government shouldn’t profit from student loans, according to an interview he gave to The Hill. The Republican presidential hopeful generally hasn’t attracted descriptions like “empathetic” and “relatable,” but Trump’s opinion on federal student loan profits… Read More

Who Is Sallie Mae?

Students

Who Is Sallie Mae?

Who Is Sallie Mae?

If you took out a private student loan to pay for college, you may be getting some letters and email from a company called Sallie Mae. You definitely need to open those. Sallie Mae is a consumer banking business focused on education, and it originates and services more than 1 million private student loans. It used to… Read More

How Much Student Loan Debt Should Parents Take On?

Students

How Much Student Loan Debt Should Parents Take On?

How Much Student Loan Debt Should Parents Take On?

Chances are you know some college graduates with student loan debt. Perhaps you’re one of them. It’s always better to be the lender than it is to be the borrower, and this is especially true when it comes to student loans. Many types of student loans simply don’t go away until they’re paid. This includes student… Read More

The Student Loan Questions Politicians Still Need to Answer

Students

The Student Loan Questions Politicians Still Need to Answer

The Student Loan Questions Politicians Still Need to Answer

Lots of ideas about higher-education affordability are being scattered around the campaign trail. For the most part, what we’ve heard so far isn’t all that new. Take for example Sen. Marco Rubio’s (R-Fla.) and former Governor Martin O’Malley’s calls for universal income-based repayment plans, Sen. Rand Paul’s (R-Ky.) advocacy for tax-deductible college tuition, Sen. Bernie Sanders’… Read More

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