Here Comes The Student Loan Forgiveness (Jun 2014)

Source: Forbes – Here Comes The Student Loan Forgiveness

President Obama is in the process of expanding a student loan forgiveness program through his executive power (the infamous pen). Whether constitutional or not, he appears to believe that he can add more students to the eligibility list for a program he created by regulation in November 2013. This “Pay-As-You-Earn” program is partly about lowering the monthly payments to make student loans more affordable for graduates, but mostly it is the foot in the door to student loan forgiveness.

The Next Big Bailout: Student Loans (Jun 2014)

Source: Fox Business – The Next Big Bailout: Student Loans (Jun 2014)

As tuition costs continue to rise and students take on more debt, some policy experts say another taxpayer bailout of a teetering government-subsidized program — the massive student loan industry — is all but certain.

Student loan debt climbs for 5th year in a row (Dec 2013)

Source: MSN Money – Student loan debt climbs for 5th year in a row

Notable excerpts:

Student loan debt is many things — pesky, inhibiting, capable of lingering for 25 years, even — but there is one thing it is not: decreasing. According to a new report (.pdf file) from the Project on Student Debt at The Institute for College Access & Success (TICAS), the average amount students borrowed for college has increased for the fifth year in a row.

How did this woman repay $26,000 in student debt? She planted trees (Oct 2013)

Source: The Globe and Mail – How did this woman repay $26,000 in student debt? She planted trees

Source:

Andrea Barnett left university at 22 with an undergraduate degree in political science and philosophy. She was also saddled with $26,000 in student-related debt.

Student-Loan Defaults Rise in U.S. as Borrowers Struggle (Oct 2013)

Source: Bloomberg – Student-Loan Defaults Rise in U.S. as Borrowers Struggle

Notable excerpts:

About one in seven borrowers defaulted on their federal student loans, showing how former students are buckling under higher-education costs in a weak economy.