Archive for college loans

Suze Orman on Forgiving Student Loans

Posted in Economy, Higher Education, Media Appearances, Student Debt, Student Loans with tags , , , , , , , , , , , , on August 20, 2010 by debtprisoner

Link (via Youtube)

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The Homeless At College

Posted in Economy, Higher Education, Student Debt, Student Loans with tags , , , , , , , , , , on August 20, 2010 by debtprisoner

Article in Businessweek about recruiting the homeless to sign up for student loan debt:

Rollins’ experience is increasingly common. The boom in for-profit education, driven by a political consensus that all Americans need more than a high school diploma, has intensified efforts to recruit the homeless. Such disadvantaged students are desirable because they qualify for federal grants and loans, which are largely responsible for the prosperity of for-profit colleges. Federal aid to students at for-profit colleges jumped from $4.6 billion in 2000 to $26.5 billion in 2009. Publicly traded higher education companies derive three-fourths of their revenue from federal funds, with Phoenix at 86%, up from just 48% in 2001 and approaching the 90% limit set by federal law.

Link (to Bloomberg Businessweek)

Americans Now Owe More Student Loans Than Credit Card Debt

Posted in Economy, Higher Education, Student Debt, Student Loans with tags , , , , , , , , , , , , , , , , , on August 10, 2010 by debtprisoner

Americans owe some $826.5 billion in revolving credit, according to June 2010 figures from the Federal Reserve. (Most of revolving credit is credit-card debt.) Student loans outstanding today — both federal and private — total some $829.785 billion, according to Mark Kantrowitz, publisher of FinAid.org and FastWeb.com.

Link (via Huffington Post)

Student Debt: Denying The American Dream

Posted in Economy, Higher Education, Student Debt, Student Loan Default, Student Loans, Videos with tags , , , , , , , , , , , , on March 23, 2009 by debtprisoner

American College Debt: The Beast That Swallows Its Young (video)

Posted in Economy, Higher Education, Sallie Mae, Student Debt, Student Loan Default, Student Loans, Videos with tags , , , , , , , , , , on March 18, 2009 by debtprisoner