Student loan debt is approaching the $1.5 trillion mark.
The income-based repayment plan that lets borrowers pay back student loans based on their salaries is in jeopardy. The problem? The program proved too popular.
Left: Robert Smith. Right (clockwise from left): Beyonce Knowles-Carter, Jay-Z, LeBron James and Nicki Minaj.
Reuters, USA Today
A recent gift by billionaire Robert Smith to pay off the student loans of 2019 graduates of Morehouse points to the potential of America's black elite to pay off all black students' college loans.
Despite the headline cut in fees, under the Augar review, students would on average be paying more.
New research uncovers problems with a ‘calculator’ that colleges must put online to make it easier for prospective students to understand the cost of college.
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While net price calculators are meant to help students figure out how much a particular college will cost, a new study reveals that many colleges' calculators distort the true cost of attendance.
Student debt has surpassed $1.5 trillion.
Mira Klein from www.flickr.com
Through "risk-sharing," colleges could be on the hook to help pay back student loans if too many students default. A scholar who studies the ethics of debt examines how risk-sharing could backfire.
Millennials carry more student loan debt than previous generations.
Millennials are more financially conservative than their high debt balances might suggest.
Children in England are among the most tested and unhappiest in the western world.
New debit cards being issued by the U.S. Department of Education could be used to track student spending.
A new debit card being issued to federal student loan borrowers on a trial basis may save them time and money, but it could also enable a bank to study their spending to sell them more products.
Many of Education Secretary Betsy DeVos’ policy proposals have failed.
Although many feared that Education Secretary Betsy DeVos would destroy public education, a review of the past two years shows that much of her policy agenda has failed.
Public Service Loan Forgiveness can be difficult to get if you don’t know the rules.
A higher education professor explains the complex rules behind Public Service Loan Forgiveness, a program meant to provide debt relief to student loan borrowers who went into public service jobs.
High student debt levels and low salaries can make it difficult for graduates to get ahead.
In order to avoid colleges where graduates owe so much and earn so little that they can hardly pay back their student loans, students should ask these key questions about any college they plan to attend.
Financial aid would be doled out differently under the proposed PROSPER Act.
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The proposed PROSPER Act would change the way student financial aid is doled out and how student loans are paid back.
David Willetts, who now sits in the House of Lords, was the former minister for universities in the coalition government.
Frantzesco Kangaris/PA Archive
As a minister in the coalition government, Willetts introduced £9,000 tuition fees. In an interview as he publishes a new book, he says the system is well-designed and fair.
The storm clouds above South Africa’s universities could be dissipated with careful fiscal planning.
Alternative scenarios for tertiary funding in South Africa are set out in a completely separate report from the Davis Tax Committee drawing from work done by the higher education department.
The proposed tax bill could make higher ed even less affordable.
AP Photo/Rich Pedroncelli
Republican lawmakers say the proposed changes to the tax code would 'streamline' higher ed benefits. But this overhaul would squeeze many, if not most, students and schools.
Work placements are leaving many students with high debts.
How can we help the tens of thousands of college students who have been defrauded?
Students across the country have been defrauded by for-profit schools. Fine print in their enrollment contracts has stopped them from bringing their cases to court, but new rules could help.
Betsy Devos has been busy advancing a conservative education agenda since her confirmation earlier this year.
AP Photo/Jacquelyn Martin
From student loans to Title IX, Betsy DeVos has had a busy six months in office. But despite numerous reversals of Obama-era guidelines, little has come in the way of tangible policy.
Has student debt changed because the purpose of education has changed?
John Collier/Library of Congress, Ermolaev Alexander/Shutterstock.com
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.
Is the sky really the limit when you’re from a poorer background?
The current system disproportionately limits opportunities for young people from low-income backgrounds.