Student Loan Debt
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WEA Academy offers Degrees Not Debt course

WEA Academy offers Degrees Not Debt course | Student Loan Debt | Scoop.it
Developed in partnership with WEA Member Benefits, the WEA Academy's new course Degrees Not Debt has been designed to help those with educational loans better understand them and to learn strategies to help manage or reduce their debt. Through short videos, readings, and access to online resources, participants will become familiar with loan details and federal forgiveness programs. This is a free, self-paced course and is meant for informational purposes only and is not intended to constitute legal, financial, or tax advice.
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College savings: Students are borrowing less as parents pay more

College savings: Students are borrowing less as parents pay more | Student Loan Debt | Scoop.it

"Families spent an average of $26,568 on an undergraduate education in 2017-'18, and nearly half of that came from income and savings."

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FAFSA Wisconsin: How schools help families find financial aid

FAFSA Wisconsin: How schools help families find financial aid | Student Loan Debt | Scoop.it

"School officials across the state said families often ignore the FAFSA because the students don't plan to attend college or their families assume they won't be eligible for aid. But the process can reveal surprises, including the news for some students that college may be thousands of dollars cheaper for them than their families thought."

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U.S. student loan debt reaches a staggering $1.53 trillion.

U.S. student loan debt reaches a staggering $1.53 trillion. | Student Loan Debt | Scoop.it

“Millennials are shouldering most of the ballooning student loan debt, which has risen 130 percent since 2008,” NeighborWorks said. “Women carry nearly two-thirds of the total, or almost $900 billion.”

 

Fifty-seven percent of young adults said they felt burdened by their student loans. More than one in three respondents said they had delayed buying a home because of their debt or they know someone who has done so, according to the survey.

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Parents less willing to take on debt for their children's education

"When it comes to paying for college this year, fewer parents are willing to take on debts of more than $75,000.."

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Governor Walker’s plan would leave vast majority of student loan holders out in the cold, Senator Dave Hansen says

Governor Walker’s plan would leave vast majority of student loan holders out in the cold, Senator Dave Hansen says | Student Loan Debt | Scoop.it

State Senator Dave Hansen said Governor Walker’s plan to give college graduates a refundable tax credit is not only too little too late, but that it does nothing to help hundreds of thousands of Wisconsin residents who already graduated and are struggling to pay off their student loans.

 

“For whatever reason, Governor Walker refuses to even consider helping Wisconsin residents refinance their student loans, instead saying the private sector is best to handle it,” said Hansen. “Well, he’s been in office 8 years and during that time there is nothing to suggest that the private sector has any interest or ability in solving the refinancing question.”

 

Read more: http://www.thewheelerreport.com/wheeler_docs/files/0912hansen_01.pdf

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Opinion | The DeVos School for the Promotion of Student Debt - The New York Times

Opinion | The DeVos School for the Promotion of Student Debt - The New York Times | Student Loan Debt | Scoop.it

"Say this for Betsy DeVos: The secretary of education has shown an impressive commitment to rescuing her friends in the for-profit college business from pesky measures to rein in their predatory behavior."

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The inescapable weight of my $100,000 student debt

The inescapable weight of my $100,000 student debt | Student Loan Debt | Scoop.it

"Now 30, I have been incapacitated by debt for a decade. The delicate balancing act that my family and I perform in order to make a payment each month has become the organizing principle of our lives."

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Wisconsin's average student loan debt $29,569 for Class of 2017

Wisconsin's average student loan debt $29,569 for Class of 2017 | Student Loan Debt | Scoop.it

"Wisconsin ranked No. 33 nationally for Class of 2017 student loan debt. UW-Milwaukee's average loan debt about $10,000 higher than UW-Madison."

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Deceased and still in debt: the student loans that don't get forgiven

Deceased and still in debt: the student loans that don't get forgiven | Student Loan Debt | Scoop.it

"It’s not clear how many deceased students Navient is chasing for money but the company has been riddled with controversy."

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This Influencer Is Using YouTube To Speak Frankly About Student Loan Debt

This Influencer Is Using YouTube To Speak Frankly About Student Loan Debt | Student Loan Debt | Scoop.it
When most influencers telegraph perfection at all (hidden) costs, Aja Dang's transparency feels revolutionary.
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For many millennials, one job is not enough to make ends meet

For many millennials, one job is not enough to make ends meet | Student Loan Debt | Scoop.it
More than half of former college students worry that they will need to work more than one job to make student loan payments. 
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Student loans are debtors prisons with no exit, not even bankruptcy

Student loans are debtors prisons with no exit, not even bankruptcy | Student Loan Debt | Scoop.it

"Congress and regulators can end the student-loan debtor prison by allowing bankruptcy for struggling borrowers and investigating abuses by loan servicers."

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As rates and tuition rise, America’s student loan debt crisis could get much worse

"Federal student loans are the only consumer debt segment with continuous cumulative growth since the Great Recession. As the costs of tuition and borrowing continue to rise, the result is a widening default crisis that even Fed Chairman Jerome Powell labeled as a cause for concern."

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Many Wisconsin students are missing out on potential FAFSA money

Many Wisconsin students are missing out on potential FAFSA money | Student Loan Debt | Scoop.it

"A majority of seniors at more than 100 high schools in Wisconsin did not fill out the Free Application for Federal Student Aid form, or FAFSA, in the last application cycle. That means lots of Wisconsin students are potentially leaving money on the table when it comes to paying for college."

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Students, state, schools have role in debt crisis

Students, state, schools have role in debt crisis | Student Loan Debt | Scoop.it

"Part of the reason for increased student debt is that the state is funding public universities at lower levels, UW-Green Bay student Dylan Tritt said during a Degrees of Debt campus rally at UW-Green Bay. In the past, the state funded up to two-thirds of college budgets. Today, tuition covers about 58 percent of costs and the state funds about 42 percent, he said."

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28,000 Public Servants Sought Student Loan Forgiveness. 96 Got It.

28,000 Public Servants Sought Student Loan Forgiveness. 96 Got It. | Student Loan Debt | Scoop.it

"The Education Department has significantly mismanaged a debt relief program for public workers, according to a government audit."

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Three generations share 1 problem: Student debt

Three generations share 1 problem: Student debt | Student Loan Debt | Scoop.it

"For millions of Americans, borrowing for college comes at the expense of achieving other financial milestones."

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Why Is College in America So Expensive?

Why Is College in America So Expensive? | Student Loan Debt | Scoop.it
The outrageous price of a U.S. degree is unique in the world.
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$1.5 trillion of US student loan debt has transformed the American dream

$1.5 trillion of US student loan debt has transformed the American dream | Student Loan Debt | Scoop.it

"A decade after the great recession, the new American dream is strikingly minimalist."

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Democratic and Republican voters agree that America faces a student-debt crisis

Democratic and Republican voters agree that America faces a student-debt crisis | Student Loan Debt | Scoop.it

"Most people believe something needs to be done to address America’s $1.5 trillion student-debt problem."

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The Gaping Divide Over Student Debt

The Gaping Divide Over Student Debt | Student Loan Debt | Scoop.it

"Nearly everything DeVos has done inside the Education Department has shown indifference (if not worse) for college students, particularly those most likely to struggle with debt."

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Betsy DeVos proposes rules that would cut student loan relief by an estimated $13 billion

Students who are defrauded by their schools would have a harder time getting their federal loans erased under new rules the Trump administration proposed. The proposal, which aims to replace Obama-era rules that were never implemented, drew applause from the for-profit college industry.

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Student Loan Debt Statistics In 2018: A $1.5 Trillion Crisis

Student Loan Debt Statistics In 2018: A $1.5 Trillion Crisis | Student Loan Debt | Scoop.it
The latest student loan debt statistics for 2018.
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Why Are College Financial-Aid Letters So Confusing?

Why Are College Financial-Aid Letters So Confusing? | Student Loan Debt | Scoop.it

"Families need clarity when it comes to figuring out how much higher education is going to cost them. Unfortunately, that's not what they're getting."

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