News Articles About Student Debt

ADVERTISEMENT
College is expensive. That’s why a majority of college students take out student loans. Nearly 70% of the Class of 2019 took out student loans and graduated with almost $30,000 in debt. It’s a frightening statistic, and it’s part of why Scholarships.com exists to help students discover scholarships to pay for college. In general, scholarships do not entirely replace the need to take out loans. Responsibly borrowing for college can be a worthwhile investment, but for students and their families take out an abundance of student loans, the results can be frustrating – saddled with debt that’s increasingly harder and harder to pay off.

Risks of Over-Borrowing on Student Loans

June 24, 2021 2:08 PM
by Izzy Hall
College is expensive. That’s why a majority of college students take out student loans. Nearly 70% of the Class of 2019 took out student loans and graduated with almost $30,000 in debt. It’s a
Black communities in the U.S. were among the hardest hit by the coronavirus. Infection rates and financial losses were on average were higher in Black communities compared to white communities. Black students take on more student debt than their white peers, and are more likely to struggle to pay their debt off. To give their outgoing and incoming students a leg up financially, some Historically Black Colleges and Universities (HBCUs) have announced student debt forgiveness for their graduating classes and lowered tuition for students enrolling Fall 2021.

HBCUs Forgiving Student Debt and Lowering Tuition

June 8, 2021 11:45 AM
by Izzy Hall
Black communities in the U.S. were among the hardest hit by the coronavirus. Infection rates and financial losses were on average were higher in Black communities compared to white communities. Black
Even after all the battles you have won in applying to schools and getting accepted, there will most likely still be work to get done when it comes to paying tuition. There are two main avenues you can take to try to address this problem: scholarships or student loans.

Five Reasons Why Scholarships are Better Than Student Loans

May 27, 2021 8:51 AM
by Scholarships.com Staff
Even after all the battles you have won in applying to schools and getting accepted, there will most likely still be work to get done when it comes to paying tuition. There are two main avenues you
President Biden and Congress are debating on cancelling thousands of dollars in student loan debt. As that discussion continues to unfold, it’s worth noting that since the start of the coronavirus pandemic, student borrowers have collectively saved over $90 billion dollars in federal student loan debt.

Student Borrowers Have Saved Billions During Pandemic

May 6, 2021 9:56 AM
by Izzy Hall
President Biden and Congress are debating on cancelling thousands of dollars in student loan debt. As that discussion continues to unfold, it’s worth noting that since the start of the coronavirus
Here at Scholarships.com, we connect students with scholarships that can help alleviate the amount of student loans they need to take out to pay for college. But there are colleges out there that offer students such generous financial aid packages that they need to take out very little in loans if at all. These “no student loans” colleges replace student loans in financial aid packages with additional scholarships and grants to help fund a student’s tuition. Students accepted into these schools will pay much less than the cost of tuition and thus will not be as burdened with student debt.

Avoid Student Debt at Colleges with No Student Loans

February 25, 2021 2:08 PM
by Izzy Hall
Here at Scholarships.com, we connect students with scholarships that can help alleviate the amount of student loans they need to take out to pay for college. But there are colleges out there that
Senator Lamar Alexander of Tennessee, the current chairman of the Senate education committee, has recently proposed the Student Loan Repayment and FAFSA Simplification Act, a piece of legislation that would allow students with no income to forgo federal student loan repayments. His recommendations, which he developed with bipartisan support, would also simplify the FAFSA and reduce the number of federal loan repayment options from nine to two.

Senator Outlines Student Loan Relief in New Proposal

July 30, 2020 11:49 AM
by Izzy Hall
Senator Lamar Alexander of Tennessee, the current chairman of the Senate education committee, has recently proposed the Student Loan Repayment and FAFSA Simplification Act, a piece of legislation
Are you dealing with student debt? You’re not alone. The amount of student debt that Americans owe is a staggeringly-high $1.7 trillion dollars and growing. Almost 70% of graduating high school seniors from the Class of 2019 took out student loans, and it’s likely that percentage will only increase for the Class of 2020. If you’re looking for some help managing your student loans, here are a handful of free and low-cost online resources that can help.

Want Help with Student Debt? Try These Resources

June 12, 2020 9:54 AM
by Izzy Hall
Are you dealing with student debt? You’re not alone. The amount of student debt that Americans owe is a staggeringly-high $1.7 trillion dollars and growing. Almost 70% of graduating high school
If there is one thing upon which 2020 Presidential candidates and government officials agree, it is that something must be done to resolve the issue of college student debt, which has now outpaced credit card and auto debt. More than fifty percent of Americans believe that college student debt is a major problem, with the average college student currently graduating with $30,000 in student loan debt. Some of the proposed college debt plans - such as student loan forgiveness plans - would leave students debt-free, while others would offer new repayment and refinancing options. Here are some of the major changes that could take place in the near future:

Plans to Tackle Student Loan Debt in 2020

December 30, 2019 2:44 PM
by Susan Dutca-Lovell
If there is one thing upon which 2020 Presidential candidates and government officials agree, it is that something must be done to resolve the issue of college student debt, which has now outpaced
The federal government discharged more than $43 million in student loan debt for former students of recently closed for-profit colleges. Students who attended programs operated by Education Corporation of America, Dream Center Education Holdings, Vatterott College and Charlotte School of Law will be able to qualify for a full discharge of their federal loans if they were enrolled when their college closed or withdrew within 120 days of the official closure date and didn’t transfer to another institution, according to Inside Higher Education.

$43M in Loans Forgiven for Students of Closed Colleges

September 6, 2019 9:18 AM
by Susan Dutca-Lovell
The federal government discharged more than $43 million in student loan debt for former students of recently closed for-profit colleges. Students who attended programs operated by Education
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
View 88 More Articles