Tagged with student loans

Student Loans Are Poorly Aligned With Graduate Earnings

Student-loan payments are the bane of many new graduates. A recent analysis by the Brookings Institution explains why: The typical new graduate is likely to devote 14 percent of his or her paycheck to student loans. That’s about half of what the average American spends on housing each month. It’s even worse for students who graduate with … Continue reading

A Guide To Student Loan Forgiveness And Repayment Options

Wish you could make your student loans disappear? Student loan forgiveness programs can make it happen, but there’s a problem. “There needs to be more awareness about these programs,” says Betsy Mayotte, director of regulatory compliance at American Student Assistance, a nonprofit that helps borrowers manage their student debt. So the organization released a student … Continue reading

Elizabeth Warren Calls For Big Changes To Student Loans

College graduates struggling to repay their student loans should have an easier time getting their debt eliminated if they go into bankruptcy, Sen. Elizabeth Warren (D-Mass.) said Saturday. Warren laid out several reforms to address the rising costs of higher education in a speech at the Education Writers Association’s Conference on Higher Education, held at … Continue reading

The Burdens of Working-Class Youth

Brandon, a 34-year-old black man from Richmond, Va., labels himself “a cautionary tale.” Growing up in the shadow of a university where both his parents worked in maintenance, he was told from an early age that education was the path to the “land of milk and honey.” An eager and hard-working student, Brandon earned a … Continue reading

Why Men Are More Likely to Drop Out

As student debt levels continue to rise, more college students are facing a critical decision: Borrow more or drop out? Men and women appear to be reaching different conclusions. Moderate levels of debt can actually help students graduate by allowing them to work less and study more. But beyond a certain point, the relationship breaks … Continue reading

Income-Based Repayment of Student Loans: If Only Borrowers Knew

Everyone worries about deeply indebted college graduates with poor job prospects. Yet a program that helps those very borrowers, letting them repay their loans on the basis of how much they make, gets little attention. For a few years now, the government has allowed borrowers whose federal student-loan debt is heavy relative to their income … Continue reading