After an investigation into the state’s student loan program, Gov. Chris Christie signed a reform bill ending its most onerous practice.
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.
This is the time of year when high school seniors apply to college, and when I get lots of mail about whether college is worth the cost. The answer is unequivocally yes, but with one big qualification.
New Department of Education data show rising default rates on federal loans to parents.
"The increase in the amount of defaulted loans among poor students comes as President Barack Obama says he wants to expand access to college for working-class families and increase funding for the Perkins program," Bloomberg reports.
Banks gave money to needy college students without considering whether borrowers could repay, then bundled and resold the loans to avoid losing money when students defaulted -- lending practices that mirror the run-up to the subprime mortgage crisis.