| Wednesday June 23, 2021 at 10:22 AM PDT
A recent GoBankingRates survey found that over 50% of Americans want student-loan forgiveness for everyone with any student-loan debt. Considering Democratic lawmakers are hoping President Joe Biden will keep his promise to cancel $50,000 in student debt per person, this data could certainly be used for leverage. But while the number of Americans who...Read More »
| Thursday December 17, 2020 at 2:27 PM PST
In 2004, Barack Obama was running for a seat in the U.S. Senate in Illinois. Speaking before a group of students at Lincoln Land Community College in Springfield, Illinois, he voiced an inspirational quote: “We have an obligation and a responsibility to be investing in our students and our schools. We must make sure...Read More »
| Tuesday May 28, 2019 at 2:35 PM PDT
Despite the evidence that the U.S. government cannot make money from its student loan business, it may soon get into a whole new lending racket.
| Tuesday February 19, 2019 at 10:31 AM PST
U.S. government-sponsored student loan debt has become an escalating problem for the finances of many American households.
| Monday October 22, 2018 at 10:50 AM PDT
$1.2 trillion borrowed to fund Federal Direct Student Loan Program.
Vicki E. Alger
| Thursday August 10, 2017 at 10:00 AM PDT
“Free” college and loan forgiveness are increasingly popular ideas. According to a recent AOL News poll, for example, 49 percent of respondents believe every state should offer free four-year public college tuition. Another poll by MoneyTips.com found that nearly 42 percent of respondents favored forgiving all student loan debt. Such results are understandable. After...Read More »
Vicki E. Alger
| Friday July 8, 2016 at 10:36 AM PDT
“[E]rrors and poor customer service.” That’s how the federal government watchdog, the Government Accountability Office, summed up the US Department of Education’s handling of $96 billion in federal higher education loans affecting more than 9 million student borrowers. So much for the improved service and efficiency we were promised more than 30 years ago...Read More »
Abigail R. Hall Blanco
| Thursday May 19, 2016 at 4:59 PM PDT
When I graduated from college, reality hit. I was now considered a “real adult.” In a matter of months I’d be moving out of my parents’ basement and some 700 miles away to start graduate school. I was also struck by something I knew was coming, but hadn’t quite appreciated. That “something” was my...Read More »
Vicki E. Alger
| Thursday July 26, 2012 at 12:27 PM PDT
In late June Congress acted to freeze the interest rate on certain college loans at 3.4 percent for an additional year, claiming this move would help make college more affordable. Of course, a relative handful of college students saving a few dollars each month doesn’t translate into college affordability—and the Obama administration knows it....Read More »