As of August 2013, it appears that the U.S. Congress has come to a compromise that will roll back the doubling of interest rates on student loans from 3.4 percent to 6.8 percent. The compromise ties student loan rates to the 10-year Treasury note, adding 2.05 percentage points for undergraduates and 3.86 percentage points for […]
Student loan costs threaten the U.S. economy with many experts predicting that the more than $1 trillion in student loan debt currently outstanding will sap money from people for years to come that could be spent on other purchases. If student loans become a drag on the U.S. economy, they can threaten the global economy […]
Student debt keeps going up and up and there’s no end in sight. It’s conceivable that everyone could soon come to the conclusion that a high-priced education is not what it was once worth. Like the housing bubble, the student loan bubble could pop. Not everyone can afford a McMansion in the ‘burbs, and not […]
That’s what some educators would have you believe. Meet Jesse Yeh, a student at the University of California, Berkeley. He voluntarily suffers the indignities of using library books instead of purchasing text books; he seeks out free food at campus events and skips meals (gasp!); and he loads up on courses, taking 21 credit-hours in one […]
What would Jesus do? Forgive student debt, according to Susan Brooks Thistlethwaite, a former president of the Chicago Theological Seminary. In an opinion piece on the Washington Post’s “On Faith” blog, Thistlethwaite advocates for the forgiveness of student loan debt, approaching the issue as a moral one:
Jesus teaches his […]
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