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It's not so depressing if you think of it as 200,000 fewer purchases from The Dollar Tree over the course of forever. Currently, the average student debt balance for a household headed by two college graduates is $53,000, and according to a new study by research organization Demos, those households
In the media
Michaela Gianotti
I value what my dad thinks about things like romance and politics, but I avoid talking to him about education. The university of his memory is generous and forgiving; the student-debt-financial complex of my current experience is not. Example: he could've discharged his education debt in bankruptcy
Blog
Jack Grauer
A student who takes out $53,000 in debt, the average amount for those attending a four-year public university, will experience a a lifetime loss of wealth totaling $208,000, according to a new report from the think tank Demos. It dives into the long-term costs of rising student debt and finds that
In the media
Kirsten Gibson
Following last week’s report showing that Ohio students who graduate with student loans hold an average debt of nearly $30,000, U.S. Sen. Sherrod Brown (D-OH) will outline a plan that would help Americans saddled with costly, private student loans refinance to more affordable options. During a news
In the media
Sherrod Brown
The Consumer Finance Protection Bureau (CFPB) recently issued several try-at-home remedies to aid in the struggle against unruly debt collection firms. In a blog post, they introduced:
Blog
Jack Grauer
The question of student loans is taking on an increasing urgency everywhere but Washington. Rates on federally subsidized loans doubled to almost 7% on July 1, thanks to Congressional bickering and dithering. The latest attempt to roll back the rates failed to get out of the Senate earlier this week
In the media
Helaine Olen
Afraid your bad credit may be holding you back from a great job? That soon may not be a concern for job-hunting New Yorkers, as the Credit Privacy in Employment Act passed the New York Assembly on June 20. The act will largely ban employers from using credit reports to influence employment decisions
In the media
Kristie Aronow
A weekly summary of the top credit card stories that appeared in major publications across the country. Can a Bad Credit Report Hurt Your Job Search?
In the media
Bill Hardekopf
Can some types of debt cause the blues? Why are people approaching retirement age carrying credit card debt? This column shares results from recent research about credit card debt among older Americans. [...]
In the media
Alan Prahl
For some job seekers, repeated rejection by potential employers may be traceable to an unlikely source: their credit report. Regulators are cracking down on some of the methods companies are using to screen candidates (two major companies this week were accused of using background checks to
In the media
Jonnelle Marte