student debt

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One Trend Among GOP Freshmen: Debt

Not the national kind, the personal kind

(Newser) - Republican freshmen in Congress say they're serious about tackling the US debt—but when it comes to their own personal debt, many have what the Washington Post amusingly calls “a more nuanced view.” At least 30 out of 87 had debts of $50,000 or more last...

America's Most Expensive Dorms

Cost of room and board is on the rise

(Newser) - America's indebted students can expect to pay more for room and board this year. Prices increased 4.6% at public and 3.9% at private colleges, with average costs of $8,535 and $9,700 respectively, finds CampusGrotto . Here are some of the most expensive places to lay your weary...

Grads of For-Profit Schools Have Debt Trouble

Many leave unable to pay

(Newser) - The DOE has released loan-repayment numbers for 8,000 American colleges and universities showing that graduates of for-profit schools face bigger debt loads than their counterparts at nonprofit and public schools; and they are less likely to repay their loans, reports CommonDreams.org . Read the full article .

How I Afforded Duke by Living in a Van
 How I Afforded 
 Duke by Living in a Van 
24/7 RAMEN
Dec 7, 2009 12:26 PM CST

How I Afforded Duke by Living in a Van

One grad student's experiment with 'radical living'

(Newser) - Ken Ilgunas wanted to go to grad school without going into debt, so he bought a 1994 Ford Econoline van and a parking sticker, and called it home. He lived on frugal meals cooked on a camping stove, showered at the gym, used a sleeping bag for heat. To some,...

Student Borrowing Soars 25% to Record Levels

Students' fed loans jump 25% from previous year

(Newser) - Some two-thirds of students borrow for college today, and they’re borrowing more than ever: For the 2008-2009 school year, the federal government loaned students $75.1 billion—25% more than the year before. That’s the biggest increase on record, the Wall Street Journal reports. The trend has troubling...

Credit Card Debt Spikes on Campus

(Newser) - College students in 2008 carried an average of $3,173 in credit card debt, a huge jump from 4 years earlier, USA Today reports. A Sallie Mae study, when conducted in 2004, revealed an average balance of just $2,169. When students “can’t get private loans, they turn...

Dear Mom, Dad: Please Send Bailout

Parents face tough choices as debt-ridden kids struggle to find work

(Newser) - The families of many debt-laden college graduates are pondering bailouts of their own as the job market sours, the Wall Street Journal reports. With the average student loan now $22,000, parents of some struggling grads face a tough choice—to let their kids learn a lesson about credit the...

$700B Goes a Long Way in Space&mdash;and on Earth
$700B Goes a Long Way
in Space—and on Earth
ANALYSIS
Oct 5, 2008 6:03 AM CDT

$700B Goes a Long Way in Space—and on Earth

Bailout bucks could fund 7 space stations, pay salaries for 16M teachers

(Newser) - With the Treasury Department now in charge of figuring out what holes to plug with its $700 billion in bailout bucks, the San Francisco Chronicle takes a look at what else that money could do. Some highlights:
  • Hire 16,062,414 public-school teachers.
  • Pay the average weekly wages of 22
...

Credit Crunch Ups Price of College Loans

Federal, private lenders will raise rates, increase rejections

(Newser) - Even as college costs soar, the credit crunch is about to make student loans more expensive—and tougher to come by. Fees for federally guaranteed loans, which offer below-market rates, are expected to rise, and some states have dropped out of the program. At least a dozen private firms have...

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