Student loan
Student loans can be ‘simple’ and ‘automatic.’ Other countries offer lessons to the US.
In the US, interest on student loans started accruing again on Sept. 1. Soon, more than 40 million borrowers will have to resume their payments. The US is an outlier when it comes to high tuition and the debts that students take on.
Sen. Coburn Talks Deal to Avoid Higher Student Loan Interest Rates
Last week, Senators came to an agreement on a student loan package that would cap interest rates. The deal will be voted on later this week. Interest rates will be tied to financial markets, meaning that the rates could climb beyond those currently in place. But they will only be able to rise to certain […]
States Struggle with Tuition Hikes and Budget Cuts
Over the past few weeks, The Takeaway has reported about student loan debt and rising tuition costs. President Obama recently unveiled a new program that he says will help lower the interest rates on student loans. But his strategy does not help students who graduated before 2012. As cash-strapped states continue to cut funding for public […]
Majoring in ‘Homelessness’ at UCLA
Last week, The Takeaway reported that student loan debt is rising along with the college tuition rate. According to the College Board, the average cost per year of tuition is up more 8.3 percent for public four year colleges and up 4.5 percent for private schools. The average college student now finishes school with between […]
US Secretary of Education Arne Duncan on Student Debt
It may take years for the millions buried in student loan debt to pay their way out. Roughly 36 million Americans currently hold debt they accrued earning higher education. Last week President Obama unveiled a plan he says would ease the financial pain of some of those borrowers. The president’s plan to allow borrowers to pay back […]