Actually, You Can Discharge Student Debts and the Feds Want to Make It Easier
Just how difficult is it for a student debtor to get a court to rule that having to pay off student loans would be an “undue hardship”? Evidently, it’s not as difficult as most people think.
Small Loans, Big Problem
Almost 90 percent of students who defaulted left college with debt but no degree or certificate, according to the report. And roughly 60 percent of the defaulters were students who earned fewer than 15 college credits.
Forgive Us Our Debts as We Forgive Our Debtors
The findings confirm that the problems with American higher education are not mere blemishes, but deep wounds. In particular, the federal student loan program is something of a fiscal disaster, and obtaining a college education is a riskier investment than previously portrayed.
We Have Oversold Law School – Now What?
Just because existing lawyers average $113,000, that tells us nothing about the prospects for new lawyers entering at the margin. Lots of recent law school graduates have found out that the good results on average for those who earned their JDs in the past are completely meaningless for them.
Glittery Debt Perspective
I’m sorry, but having debt in exchange for an education that is supposed to enable one to earn a great deal more over a lifetime, without an obligation to furnish years of unpaid service to the lender, is not indentured servitude.
‘Who’s Picking Up The Cost Of Graduate Student Debt?’ Taxpayers (Who Else?)
The uptick in borrowers with repayment plans pegged to their incomes is one of the reasons the Congressional Budget Office in January and March estimated that student-loan debt will cost taxpayers an additional $66 billion in the period between 2015 and 2024.
Purdue preparing novel way to fund college
Call it what you will, but Purdue University is rethinking financial aid after the nation’s class of 2015 was named the most indebted in United States history.
The Federal Government as a Predatory Lender
The evidence is pretty clear that our government meets all the qualifications as a predatory lender. This is just one more episode of a system of perverse market incentives instituted by government that will not end well.
Indiana University used this one weird trick to cut student debt
It’s too early to tell how much the behavior of individual borrowers changed, but in aggregate, students at Indiana University took 11 percent less in federal loans during the 2013-14 school year.
Money Magazine’s new college rankings finally get it right for students
Competitors to U.S News seemed to come and go every year as new college rankings proliferated, but none of them could answer a basic question for students and parents: Of the thousands of colleges in the U.S., which ones are worth the return on my investment?