Illinois is on track to become the first U.S. state to have its credit rating downgraded to "junk" status, which would deepen its multibillion-dollar deficit and cost taxpayers more for years to come.
By Sara Burnett, Associated Press
Puerto Rico essentially filed for bankruptcy this week in order to restructure more than $120 billion in debt and pension obligations. With the economy mired in a slump, the government is reducing public services, pensions are likely to be cut…
By PBS NewsHour
The burden of college debt will hang on our current students for years, but depriving them of the sense of pride and dignity they could develop by advancing their own lives could last a lifetime.
By Steve Gardiner
Sherry Riva thinks the key to lifting people out of poverty is helping them build savings and assets, such as a home or business.
By Larisa Epatko
By Mary Clare Jalonick, Associated Press
Help for debt-stricken Puerto Rico may be just weeks away as a strong House vote bolstered prospects in the Senate for a rescue package to ease the U.S. territory's crippling $70 billion debt.
By Sophie Quinton, Stateline
A growing number of students need to borrow — and borrow heavily — to finance their college educations. And giving them more information about their debt may help change their borrowing habits.
By PBS NewsHour
For years, the Puerto Rican economy has been in decline, and the U.S. territory is now on the brink of disaster, with $72 billion of overall debt and an unemployment rate twice that of the mainland. As the island’s government…
By Kristen Doerer
More millennials are turning to payday loans and pawn shops for much needed cash -- moves that can provide immediate relief, but often result in deeper debt.
By Victoria Pasquantonio
A new study released Tuesday by Georgetown University ranks 1,400 four-year colleges and universities on how much money students earn ten years after starting classes.
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