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State of Wonder

State of Wonder

By Ann Patchett

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Tag: Student Loans


New Jersey Will Stop Collecting Loans From Families of Dead Students

After an investigation into the state’s student loan program, Gov. Chris Christie signed a reform bill ending its most onerous practice.

Posted on Dec 7, 2016 READ MORE


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Who’s Getting Rich Off Student Loans in the United States?

Student debt is an industry worth $140 billion a year. And it got that way because the federal government relinquished control over the student loan program.

Posted on Sep 30, 2016 READ MORE


Graduation Debt









Posted on May 23, 2016 ENLARGE


Student Debt









Posted on May 21, 2016 ENLARGE



Great Recession Continues to Loom Over 2016 Graduates, Even as Corporate Profits Rise

The New York Times editorial board released a depressing report recently on the bleak job prospects faced by high school students graduating this year, a situation it traces to consistent political failures in recent times.

Posted on May 15, 2016 READ MORE


The Graduate









Posted on May 13, 2016 ENLARGE



Higher Education: Capitalism at Its Most Despicable

Ranking capitalist ignominy is a daunting task with Big Pharma and high finance in the running, but higher education’s betrayal of a long-standing trust with young Americans puts it near the top of the list.

Posted on Oct 26, 2015 READ MORE



Colleges With Plenty of Cash Saddle Their Poorest Students With Heaps of Debt

A ProPublica analysis of newly available federal data shows that some of the nation’s wealthiest colleges are leaving their poorest students with plenty of debt.

Posted on Sep 13, 2015 READ MORE



Hillary Clinton to Offer Plan for Loan-Free Tuition at Public Colleges

With Americans owing a staggering $1.2 trillion in student loan debt, and about 8 million in default, her proposal reflects a Democratic push to reverse years of state cuts to higher ed. Creating a program of federal grants to the states to lower tuition is the centerpiece.

Posted on Aug 10, 2015 READ MORE


Student Loan Calculator









Posted on May 22, 2015 ENLARGE


Student Loan









Posted on May 17, 2015 ENLARGE


Elizabeth Warren’s Latest Interview With Jon Stewart May Make Your Jaw Drop

Ever wonder how the U.S. government justifies making an annual $60 billion off students? Allow Sen. Elizabeth Warren to explain.

Posted on Apr 13, 2015 WATCH & LISTEN



Student Debt Is Seriously Hurting Grads’ Mental and Physical Health

A new study reveals what those of us carrying large loads of student debt probably already knew: Those college loan payments aren’t hurting just your bank account.

Posted on Feb 17, 2015 READ MORE



Debt Until You Die: How Some Senior Citizens Are Still Paying Off Their Student Loans

Crushing student loan debt is not only applicable to the young and penniless.

Posted on Oct 25, 2014 READ MORE



Germany Makes College Education Free as American Students Drown in Debt

Higher education tuition fees were banned in Germany this week for anyone pursuing a degree in the country. Yes, that includes Americans.

Posted on Oct 4, 2014 READ MORE



Education With a Debt Sentence

Imagine corporations that intentionally target low-income single mothers as ideal customers. Imagine that these same companies claim to sell tickets to the American dream—gainful employment, the chance for a middle class life.

Posted on Sep 21, 2014 READ MORE



Steve Rhodes (CC BY-NC 2.0)

Occupy Activists Try to Restore Our Faith in ‘Collective Power’ by Wiping $3.9M of Student Loan Debt

The Strike Debt movement, which has its roots in Occupy Wall Street, bought and “abolished” a portfolio that included the student loan debts of 2,700 students who had attended the privately run Everest College.

Posted on Sep 18, 2014 READ MORE



Student Debt Catches Even the Elderly

An estimated 2 million Americans age 60 and older are in debt from unpaid student loans, whether from money borrowed long ago or from more recent borrowing to fund degrees for family members. And some are having their Social Security payments garnished as a result.

Posted on Sep 15, 2014 READ MORE


John Oliver on Student Debt: Our Leaders Have Decided Education Is Not Important Enough to Pay For

In an inspired back-to-school rant, John Oliver encourages college freshmen to enjoy every last second of what will undoubtedly be the best years of their lives since every year that comes after will be marked with crushing, inescapable debt.

Posted on Sep 8, 2014 WATCH & LISTEN



Why College Shouldn’t Be the Only Gateway to the Middle Class

This week, millions of young people head to college and universities, aiming for a four-year liberal arts degree.

Posted on Sep 2, 2014 READ MORE


Student Loan Debt









Posted on Jun 18, 2014 ENLARGE



Student Debt: Blame Lawmakers, Tax-Shirking Rich, War on Drugs, Not Universities

Why is tuition so high in state universities that The New York Times is wondering whether families will go on being able to afford it?

Posted on Jun 10, 2014 READ MORE



Ninian Reid (CC BY 2.0)

Elizabeth Warren’s ‘Bank on Students’ Emergency Loan Refinancing Act to Get Obama’s Endorsement

After some initial resistance, President Obama is expected to announce his support Monday for an overhaul of the federal student loan program proposed by Sen. Elizabeth Warren.

Posted on Jun 9, 2014 READ MORE


Saddled with Debt









Posted on Jun 1, 2014 ENLARGE



‘Borrowing to Attend an American College May Be Hazardous to Your Dreams’

What if the real reason college has become increasingly inaccessible is that the institution itself is a “scam meant to perpetuate the 1 percent?”

Posted on May 27, 2014 READ MORE


Student Debt









Posted on May 23, 2014 ENLARGE



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Study: Highest-Paid University Presidents Benefit From Soaring Student Debt and Low-Wage Adjuncts

It seems there’s no coincidence that the university administrators with the fattest paychecks head schools in which students and adjuncts have the most to lose.

Posted on May 20, 2014 READ MORE


Student Loan









Posted on May 19, 2014 ENLARGE


Graduation









Posted on May 18, 2014 ENLARGE



Andra MIhali (CC BY-SA 2.0)

As Parents Struggle to Repay College Loans for Their Children, Taxpayers Also Stand to Lose

New Department of Education data show rising default rates on federal loans to parents.

Posted on Apr 8, 2014 READ MORE



Shutterstock

After Years of Troubles, Largest Student-Loan Servicers Get Stepped-Up Oversight

Sallie Mae and other large student-loan servicers—the companies that act as a go-between for borrowers and lenders—will soon be getting some regular oversight from the Consumer Financial Protection Bureau, the watchdog agency announced this week.

Posted on Dec 3, 2013 READ MORE



Saint Huck (CC BY-NC 2.0)

Government’s Keeping the Student-Debt Crisis Alive and Well

Just because JPMorgan Chase will no longer offer student loans doesn’t mean the student debt bubble will burst any time soon, if ever. We have none other than the U.S. government to thank for that.

Posted on Sep 7, 2013 READ MORE


College Debt









Posted on Sep 1, 2013 ENLARGE


The New High School Diploma

Whether or not President Obama’s recent education-themed speeches are in direct response to Matt Taibbi’s must-read Rolling Stone magazine article on the college loan crisis, it is great news that the White House is now taking the crisis more seriously.

Posted on Aug 30, 2013 READ MORE


Obama’s College Scoreboard









Posted on Aug 24, 2013 ENLARGE



America Keeps Swindling Students

The U.S. government is making college loans easier than ever to get, further ensuring the debt slavery of the nation’s youth; it’s possible the cure for AIDS is actually universal HIV screening; and, Craigslist has been accused time and again of killing newspapers, but is this argument valid? These discoveries and more after the jump.

Posted on Aug 17, 2013 READ MORE


Education Is the Key









Posted on Aug 9, 2013 ENLARGE


Reza Aslan Finally Gets to Talk About His Book (Transcript Added)

This week on Truthdig Radio in association with KPFK: He survived Fox News. Now the religions scholar discusses his new book, at last. Also: More revelations about the NSA, Bradley Manning’s sentencing and Oregon’s alternative to student loans.

Posted on Aug 1, 2013 WATCH & LISTEN



Photo illustration from an image by Colin Grey (CC-BY)

Reza Aslan Finally Gets to Talk About His Book

This week on Truthdig Radio in association with KPFK: He survived Fox News. Now the religions scholar discusses his new book, at last. Also: More revelations about the NSA, Bradley Manning’s sentencing, and Oregon’s alternative to student loans.

Posted on Aug 1, 2013 READ MORE


New College Loan Rates









Posted on Jul 26, 2013 ENLARGE



Screenshot

Warren Balks at Student Loan Deal That Would Give ‘Outrageous Profits’ to Government

“We should not go along with any plan that demands that our students continue to produce huge profits for our government,” Sen. Elizabeth Warren, D-Mass, wrote in an email to supporters Tuesday. “Making billions and billions in profits off the backs of students is obscene.”

Posted on Jul 23, 2013 READ MORE


Interest Rate on Federal Student Loans Doubles









Posted on Jul 18, 2013 ENLARGE


College Cost Bubble









Posted on Jul 16, 2013 ENLARGE


Middle-Class Fall









Posted on Jul 13, 2013 ENLARGE


Student Loans Bite









Posted on Jul 11, 2013 ENLARGE



Bush Pushes on Immigration, Senate Screws Over Students, and More

A look at the day’s political happenings, including a pair of controversial anti-abortion measures make their way through two Republican-controlled state legislatures and former N.Y. Gov. Eliot Spitzer’s political comeback gets some good news.

Posted on Jul 10, 2013 READ MORE


College Student Debt









Posted on Jul 10, 2013 ENLARGE



Flickr/DonkeyHotey

Why Republicans Want to Tax Students and Not Polluters

A basic economic principle is government ought to tax what we want to discourage, and not tax what we want to encourage. Sounds pretty simple, doesn’t it? Unfortunately, congressional Republicans are intent on doing exactly the opposite.

 

Posted on Jul 7, 2013 READ MORE


College Costs









Posted on Jul 6, 2013 ENLARGE


Student Loan Shark









Posted on Jul 5, 2013 ENLARGE


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