student debt

A new report released this morning by Senator Harkin, “For Profit Higher Education: The Failure to Safeguard the Federal Investment and Ensure Student Success,” would be the final nail in the coffin for for-profit colleges. “For Profit Higher Education” lays out what groups...
07/30/2012
Blog
The Consumer Financial Protection Bureau and Department of Education released a new report detailing the private student loan market.  As the report states, private student loans mushroomed over the last decade, fueled by the very same forces that drove subprime mortgages through the roof:...
07/20/2012
Blog
Tamara Draut appeared on NPR's Marketplace to discuss the student loan default rate among middle aged Americans. Draut explained, "People in their 40s lost a lot of coping mechanisms that enabled them to pay the bills. They lost equity in their homes, they lost value in their 401(k), and they’re...
07/19/2012
Audio
Beyond The Debt-For-Diploma System BriefThe United States now has the highest college dropout rate in the industrialized world. Finally we come up first in a world-education ranking, and it not a good thing. According to data from Harvard University and OECD, just 56 percent of those enrolling in...
06/14/2012
Blog
Google "was Occupy Wall Street successful" and you get millions of results. The answer depends on metrics. Was the goal of #Occupy to spur a discussion about income inequity -- no small thing -- or shine a light on perfidy of the banks? Both were undeniable outgrowths of the movement. What didn't...
05/18/2012
Blog
One major reason people pursue a college degree is to get a better job. But what if the debt accrued to finance an education itself becomes an obstacle to employment? That’s what happened to Latoya Horton. “Years ago I went to college to study accounting, and like millions of other...
05/01/2012
Blog
America’s experiment with the debt-for-diploma system has officially failed. Total student loan debt in the U.S. now tops $1 trillion – an unprecedented sum that represents the unprecedented obstacles students and recent graduates face in their pursuit of the American Dream. Over the...
04/25/2012
Blog
Students attending or planning to attend college know that a postsecondary credential is a minimum requirement for getting a good paying job. But they are frustrated that, while their education also means great dividends for the nation as a whole, they’re increasingly being asked to shoulder...
04/19/2012
Blog
The Chicago Tribune reported yesterday that Senator Dick Durbin of Illinois has been holding hearings on the Fairness for Struggling Students Act, which would allow student loan debt from private lenders to be forgiven during bankruptcy proceedings. It's not hard to get why this legislation is a...
04/13/2012
Blog
The biggest news in the world of higher education will soon be the Big Ten Men's Basketball Tournament. As it is every year, the tournament will be broadcast live on national TV including CBS Sports, ESPN, and ESPN2. It kicks off this Thursday, drawing millions of viewers to revel in the...
03/05/2012
Blog
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