An author on Gather.com has posted one of the best articles I’ve seen outlining the student loan problem and possible solutions. On the college education Catch-22:
That’s the dilemma that faces most kids who are graduating from high school these days. Like the parents that work to avoid [pay for]* daycare, or the kid who works [...]
Archive for the ‘The Problem’ Category
Fixing the Student Loan Problem: Of Tuition Increases and Administrators’ Salaries
Posted in Policy, The Problem, tagged catch-22, college administrators, gather.com, interest rates, Obama, private lenders, Secretary of Education, stafford loans, student loans, tax credits, tuition increases, University of Wisconsin on November 10, 2008 | 2 Comments »
Cost of College Rising More Quickly Than Wages
Posted in News, The Problem, tagged Cost of Education, Project on Student Debt, student loans on November 3, 2008 | Leave a Comment »
The Project on Student Debt has issued a press release noting that the cost of tuition, fees, room and board are rising higher than wages. This means, of course, that student debt levels are rising as well:
From 2006-07 to 2007-08, in-state students at public universities saw the biggest increase in tuition and fees at 6.4 [...]
Students Having Trouble Consolidating Debt
Posted in News, The Problem, tagged debt consolidation, Sallie Mae, student loans on November 1, 2008 | Leave a Comment »
The blog Student Loan Info for Parents has an interesting discussion of a recent Chicago Tribune article on how the credit crunch is affecting student loan consolidation. The short version is: It’s bad. Most of the private companies aren’t offering consolidation any more (including Sallie Mae, the biggest student loan lender in the country). You [...]
Project on Student Debt Releases New Report
Posted in The Problem, tagged facts & figures, Project on Student Debt on October 31, 2008 | Leave a Comment »
The Project on Student Debt has released its third annual report on student loan debt. The report shows the average amount of student debt at the national, state, and individual college level. One interesting finding: Average debt for graduates of 4-year colleges (both private and public) increased 6% from 2006 to 2007.
Read the report here.
The Trouble with Student Loans
Posted in The Problem, tagged cost, statistics on October 30, 2008 | 1 Comment »
Over the past twenty to thirty years, a college education has become increasingly necessary to the pursuit of the American Dream. In a Spring 2007 article in the Harvard Educational Review, Bridget Terry Long and Erin Riley note that, “on average, people with a bachelor’s degree will earn $1 million more over the course of their lifetimes [...]
