student debt

Last year, the top ten U.S. university presidents made a combined $21 million. That's a lot, except when you consider what athletic coaches often make. For example, Mack Brown -- the football coach at the University of Texas in Austin -- made $5.3 million in 2012.  These numbers are disturbing...
03/19/2013
Blog
Here's a plain fact: record disinvestment in higher education at the state level leads to record tuition hikes. In 2012, the trend escalated with the biggest single year jump on record. That’s clear from the Wall Street Journal’s analysis of a new State Higher Education Officers Association (SHEEO...
03/11/2013
Blog
If you find yourself at the crossroads of Route 209 and Route 534 in Kresgeville, Pennsylvania, stop by the Kresgeville Delicatessan. You may be lucky enough to meet 11-year-old Olivia, who works behind the counter helping her mom. Just in front of the cash register is an attractive display of...
02/13/2013
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Five years after Wall Street crashed the economy by irresponsibly securitizing and peddling mortgage debt, the financial industry is coming under growing scrutiny for its shady involvement in student loan debt. For a host of reasons, including a major decline in public dollars for higher...
11/16/2012
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Helping young people being crushed by their student debt is a nice idea. It's also easier said than done, even when policymakers mean well. The New America Foundation (NAF) released an analysis criticizing recent changes the government made to its Income-Based Repayment (IBR) plan for student loans...
10/18/2012
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The students assembled outside Borough of Manhattan Community College yesterday morning were indignant. “Students are juggling college expenses and family obligations,” declared student government representative Shadae Blair, “one reason we seek an education is to get ahead in...
10/16/2012
Blog
An important component to the student debt crisis involves law and medical school enrollees. Many of the students preparing to enter these professions are looking at six figures worth of loans, according to a study by Finaid.orgs's Mark Kantrowitz. Medical school grads have, on average, a...
10/05/2012
Blog
Last week you may have seen my brother Dave grimacing on the cover of Bloomberg Businessweek. He was the posterboy for Peter Coy's cover story, "Student Loans: Debt for Life," about the more than $1 trillion in student loan debt owed by US borrowers. The article provided a sobering look at the...
09/19/2012
Blog
One clear path to retirement security is to buy a home early in life and pay off it before you retire -- at which point you can either live there at a pretty low cost or cash out and use the wealth to help cover living expenses in a cheaper place. But this path is not so easily traveled nowadays....
08/17/2012
Blog
Social Security turned 77 today. Unfortunately, it's not a happy day for the historic program: new data compiled by the U.S. Treasury Department for Smart Money reports:  From January through August 6, the government reduced the size of roughly 115,000 retirees' Social Security checks on...
08/14/2012
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