WASHINGTON — Rosemary Anderson could be 81 by the time she pays off her student loans. After struggling with divorce, health problems and an underwater home mortgage, the 57-year-old anticipates there could come a day when her Social Security benefits will be docked to make the payments. Continue reading
Even with a degree, many college graduates struggle to find work in the current economic climate. As tuition continues to rise, student debt appears to be a growing problem. All this raises the question- is a college degree worth the cost? Continue reading
Through the recession, college tuition skyrocketed at public universities to make up for flagging state funding. Some students who borrowed to keep up with rising costs face crushing debt repayments. Hari Sreenivasan travelled to Wisconsin to report on one group hoping to turn the state’s student borrowers into a powerful voting bloc. Continue reading
College for America, an online degree program, has no classes, professors or credit hours. It’s been cited as an innovative way to make college more affordable. But how do its students qualify for a degree? Hari Sreenivasan reports from New Hampshire on a university that gives credit based on competency at the student’s own pace.
Gallup poll finds that student loan debt undermines the happiness of graduates for years following their graduation. Doug Belkin of the Wall Street Journal joins Hari Sreenivasan from Chicago. Continue reading
The change stems from a high-profile, bipartisan deal brokered last year by Congress and signed by President Barack Obama that ties the rates to the financial markets. Interest rates go from 3.86 to 4.66 percent on undergraduate Stafford loans. Graduate student loans go from 5.41 percent to 6.21 percent. Interest rates on Plus loans for parents go from 6.41 percent to 7.21 percent. Continue reading
The rise in U.S. college tuition is unsustainable. That’s the argument of a new television documentary, “Ivory Tower,” which tackles growing worries and critique over college costs and student debt. Jeffrey Brown talks to filmmaker Andrew Rossi about the origins of rising costs and financial competition among institutions, plus ideas about how to turn around the trend. Continue reading
The average person graduating from college in 2013 borrowed nearly $30,000 in student debt. To help Americans overburdened by their loans, President Obama signed a new executive order that expands on a 2010 law that capped federal loan repayments at 10 percent of borrowers’ monthly income. Gwen Ifill talks to Richard Vedder of Ohio University and Deanne Loonin of the National Consumer Law Center. Continue reading