New Federal Data Show Student Loan Borrowers Suffering More Than Previously Believed from the Huffington Post
"By the new metric, which the department has never used before, roughly 33 percent of borrowers were more than five days late on one of their federal student loans as of Dec. 31. (Since the department only released individual figures for its four largest contractors, rather than a total percentage, however, the actual figure may be a few percentage points higher or lower.) Previous measures had put the delinquency rate much lower, masking the true amount of distress among borrowers trying to make good on their taxpayer-backed debts."
Showing posts with label Student loans. Show all posts
Showing posts with label Student loans. Show all posts
Sunday, March 29, 2015
Friday, March 20, 2015
The Implications of the Student Loan Bubble
The Student Debt Time Bomb (Chuck Collins) from the National Memo
"Many more are defaulting after facing the stressful realization that they can’t find a job that pays enough to repay their debt. Over half of outstanding student loans are presently in deferral, delinquency, or default. The student debt debacle has huge implications for the future."
"Many more are defaulting after facing the stressful realization that they can’t find a job that pays enough to repay their debt. Over half of outstanding student loans are presently in deferral, delinquency, or default. The student debt debacle has huge implications for the future."
Monday, June 9, 2014
Lifting the Load on Student Loan Borrowers
Obama Plans Steps to Ease Student Debt from the New York Times
"Mr. Obama is scheduled to announce “new steps to further lift the burden of crushing student loan debt,” said a White House official, who declined to be identified describing the actions in advance of the president’s event. Despite past actions by the administration, borrowers’ debt load is growing and retarding the ability to buy homes, start businesses or otherwise spend to spur the economy, economists say."
"Mr. Obama is scheduled to announce “new steps to further lift the burden of crushing student loan debt,” said a White House official, who declined to be identified describing the actions in advance of the president’s event. Despite past actions by the administration, borrowers’ debt load is growing and retarding the ability to buy homes, start businesses or otherwise spend to spur the economy, economists say."
Tuesday, April 29, 2014
The Latest on the Student Loan Bubble
Student Debt is a Drag on U.S. Housing and the Economy (Robert Davis) from the Roanoke Times [of Virginia]
"... the percentage of those loans that have fallen into default, reaching 11.5 percent in 2013. Seven in 10 college graduates now finish college with debt, and one in five households carry some form of student debt; this is double what it was 20 years ago. New research findings show student debt may be having a significant impact on the overall U.S. housing market that could translate into long-term effects for the U.S. economy."
"... the percentage of those loans that have fallen into default, reaching 11.5 percent in 2013. Seven in 10 college graduates now finish college with debt, and one in five households carry some form of student debt; this is double what it was 20 years ago. New research findings show student debt may be having a significant impact on the overall U.S. housing market that could translate into long-term effects for the U.S. economy."
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