Although once perceived as a ticket to a successful future and to financial security, a four-year university degree in America has become a ticket to years of debt slavery. Approximately 37 million American students are holding an estimated $867 million to $1 trillion in unresolved educational debt according to statistics compiled by the Federal Reserve […]
Posts Categorized: Private & Federal Student Loan Consolidation
It’s not easy to attend a college these days. The average cost of attending traditional college is more than $27,000 (and this does not include other costs). Even if students cut down on books, gas and food costs by attending an affordable online college, they still have to pay for tuition. Current inflation has made […]
In an interview with Yahoo Finance’s The Daily Ticker on March 30, 2012, former Clinton administration Secretary of Labor Robert Reich referred to the American economic recovery as “anemic,” and discussed the potential for outstanding student loans to be the next debt “bubble” to burst in the U.S.
While student loan consolidation has been at the heart of many of the “occupy” protests that began late in 2011, few people realize that older Americans are also building up education-based indebtedness that could well follow them for the rest of their lives. According to a report by Reuters released just this month, borrowing money […]
One thing is quite clear about the changes affecting payment of student loan debt set to take affect in 2012: confusion. Exactly what is going to be different about how student debt is managed and how will it affect you? Change in Loan Subsidization Status One of the most frightening changes for most student loan […]
The “Occupy” protests that have spread to cities across America are an expression of the level of discontent the citizenry is feeling about the unequal distribution of wealth in the nation. There is also, however, an even greater gap in opportunity, broadened by the issue of mounting student loan debt. Many of the protesters are […]
Most people have a hazy awareness that the Occupy Wall Street movement, which has now spread to cities and college campuses across the nation, is an expression of a growing dissatisfaction with and suspicion of the United States federal government. However, the vast majority of Americans don’t realize that the movement bears significant similarities to […]
Although student loan debt was already a problem in the United States, the recession coupled with skyrocketing tuition costs over the past three decades has greatly intensified the financial stress new graduates now face — to the point that total student loan debt exceeds credit card debt in the U.S., standing at an estimated $898 […]
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