The student loan debt bubble in America is spiraling out of control, and it is financially crippling an entire generation of young Americans. At this point, the grand total of student loan debt in the United States has reached a staggering 1.2 trillion dollars, and an all-time record high 40 million Americans are currently paying…Read more
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Student loan debt has reached a staggering $1.2 trillion. When student loans are issued, very few questions are asked. College students have not started their career, and they do not have a credit history. Federal and private lenders cannot look at income, employment or FICO scores because they don’t yet exist. So lenders issue big loans and hope that…Read more
Back in the spring of 2014, President Barack Obama's budget request proposed expanding the Pay As You Earn income-driven repayment program, with some caveats, to more federal student loan borrowers. Several months later, the president strengthened that request by issuing an executive order requiring the Department of Education to promulgate regulations to implement that expansion no later than…Read more
The single most important investment anyone can make in their future is to pursue higher education. But the one thing I often hear from families is that they are worried about the cost. Too many students are graduating from college feeling burdened by their student loan debt. The Obama Administration has – and will continue…Read more
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