News Articles About Student Debt

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
The Education Department will rewrite its overhaul of a 2016 Obama Loan Rule - most likely by dropping the most restrictive provisions of an earlier attempt to replace the borrower-defense rule. The loan rule outlines how borrowers who were defrauded or misled by their college can seek loan forgiveness.

Education Dept. to Rewrite the 2016 Loan Rule Overhaul

January 22, 2019 3:55 PM
by Susan Dutca-Lovell
The Education Department will rewrite its overhaul of a 2016 Obama Loan Rule - most likely by dropping the "most restrictive provisions" of an earlier attempt to replace the borrower-defense rule.
The Princeton Review’s 2017 College Hopes & Worries survey reveals that biggest worry for students and parents is the level of debt I/my child will take on to pay for the degree. While this concern doesn’t come as a surprise, it differs greatly from the average woe a decade ago; not getting in to [a] first-choice college.

College Debt the Main Woe for Students, Parents

March 28, 2017 10:30 AM
by Susan Dutca-Lovell
The Princeton Review’s 2017 College Hopes & Worries survey reveals that biggest worry for students and parents is the "level of debt I/my child will take on to pay for the degree." While this concern
Commuting from home is awesome or awful depending on the student. Do the benefits of commuting outweigh the negatives? As a commuter student, I have firsthand experience with the pros as well as the cons. Boredom: Some colleges are simply limited on the activities students can participate in, which can cause students to become bored easily. As a commuter, however, I know the surrounding areas of my college and never really get bored. If there is nothing on campus, I just hang out friends and do something we would have done in high school like local sporting events or concerts. Comfort: The hardest thing for many freshmen is adjusting to college life. I didn't have this issue: I get to come home to my family every day, limiting homesickness. My regular schedule has not changed and if I need my parents urgently, they are not far from my reach. Time Management: Going to college is a big jump from the previous independence most high school students have experienced but the lack of structure can negatively impact your time management. Commuting from home gives you a sample of independence without removing the safety net. Yes, college requires more energy, reading, studying and participation in general; however, living at home means I rely on parents a little bit so I can focus on my studies and not constantly worry about a healthy non-cafeteria meal or laundry. Mom helps me out! Saving Money: Probably the biggest benefit of commuting from home is saving money. Sure, I pay gas to drive to campus but its total expense does not compare to the cost of room and board. For a family like mine who does not receive any financial aid but still could use it, commuting from home seemed like the best option to save. Commuting from home is not for everybody but for some, it is really the perfect fit. And if it isn't? Use the money you saved to move onto or closer to campus further into your college years.

The Pros and Cons of Commuting

July 15, 2015
by Ashley Grego
Commuting from home is awesome or awful depending on the student. Do the benefits of commuting outweigh the negatives? As a commuter student, I have firsthand experience with the pros as well as the
If you're a recent college graduate, chances are you’ll have to start paying off your student loans sooner than you think. And even with the economy in a slump, don’t expect a free pass on not paying your loans. Are you starting to panic? Well, don’t! There’s a ton of advice out there to help students stay on track and courtesy of the U.S. News and World Report, here are seven tips for repaying your student loans.

Seven Tips for Repaying Your Student Loans

May 22, 2015
by Suada Kolovic
If you're a recent college graduate, chances are you’ll have to start paying off your student loans sooner than you think. And even with the economy in a slump, don’t expect a free pass on not paying
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