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Student Debt

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Yet Another Troubling Tidbit About Student Loan Debt

More borrowers are falling behind on their student loan payments than on their credit card payments for the first time since at least 2003, a report released this week from the Federal Reserve Bank of New York shows. Catherine Rampell has the story at Economix: Total consumer debt fell again in the third quarter… This figure has [...]

Why Education Is The Key To 'The American Dream'

On the Economix blog, economists Michael Greenstone and Adam Looney paint a depressing picture about our paychecks: Adjusted for inflation, wages for American men are essentially the same as they were in 1970, a phenomenon known as “wage stagnation.” Wages for women have risen since the ’70s, but there are early signs that even their wages [...]

What The University Of Phoenix's Cuts Say About The State Of For-Profit Colleges

It’s “another clear signal that there is a serious problem building in the education industry,” writes Wall Street Cheat Sheet: Multiple news outlets are reporting the company behind the University of Phoenix, a for-profit university with more than 328,000 students nationwide, is shuttering 115 brick-and-mortar locations in an effort to save more than $300 million as [...]

How Shrinking State Budgets Drive College Tuition Hikes

The Campus Center at IUPUI's downtown Indianapolis campus.

It may seem like an obvious connection — more state budget cuts equal more students shouldering the burden in the form of tuition — but the statement is part of a much more complicated debate about what’s causing the cost of college to soar.

For College Grads, A Different Economy

College students attend a lecture. Job seekers with a four-year degree were less likely to be unemployed during the recession than those with a high school education or less.

Workers with less education lost about four out of five jobs in the recession — and nearly all of the jobs added in the recovery are going to college graduates. That’s the latest from the Lumina Foundation and Georgetown University’s Center on Education and the Workforce. The report, released last week, contradicts claims that the recession has [...]

As Tuition Increased, So Did Grant Aid

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Tuition at many colleges has more than doubled in the last decade — but so has financial aid from grants and scholarships students don’t have to pay back. A graph from Planet Money shows the average student receives about $7,000 in grant money, an increase of more than 50 percent since 2001. There’s also a [...]

Report Finds $32 Billion In Federal Aid Goes To For-Profit Universities

Two reports out this week tell us more about students borrowing to attend for-profit universities. The Consumerist writes a two-year investigation by the Senate Committee on Health, Education, Labor, and Pensions released Monday revealed $32 billion in federal aid goes to for-profit schools each year. The report, entitled “The Failure to Safeguard the Federal Investment and Ensure [...]

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