About 44 million Americans are still paying off student loan debt. But it didn’t always used to be this way. As the perceived purpose of a college education changed, so too did the way we pay for it.
Tanzania’s government has uncovered evidence of 2 000 “ghost” students who are fraudulently obtaining loans. This costs the country and other students dearly.
Loan caps are only a partial solution to a much bigger problem – declining public investment in VET and a dysfunctional VET financing system, which neither side of politics has been willing to address.
Combining a lower repayment scale with a super option would allow for earlier repayment of HELP loans and greater flexibility for graduates to manage living expenses early in their careers.
A new report has called on the government to lower the threshold at which university graduates repay their debt from $54,126 to $42,000. But is this fair on students?
Simon Birmingham, Minister for Education and Training, said this week that Australia runs one of the most generous student loan schemes in the world. Is that right?
For many students, stress about money is a terrible and unwelcome distraction from their degrees – qualifications they hope can lift themselves and their families out of poverty.
Hillary Clinton’s US$350 billion college plan will need a doubling of the federal government’s funding to colleges. But this large expansion in federal dollars will not be without its own costs.
Eric Best, Jacksonville State University and Joel Best, University of Delaware
The US student loan system is unique in age, size, and scope. Since 1958, the US has had some form of federally sponsored student loan system. Since inception, college and borrowing have become much more…
The debate around how to finance undergraduate education at English universities has been reignited by a new report from the business, innovation and skills select committee questioning the sustainability…
Nearly three-quarters of graduates will not clear their student loans before the end of the repayment period. This means the large majority of those who go to university aged 18 or 19 will still be paying…
A Grattan Institute report I co-authored highlights student debt costs, with the finding that the government could save $800 million a year by retrieving unpaid debts from deceased estates and students…