College debt articles

So whether they are actively recruiting these low-income students for reasons of open-the-door altruism or keep-the-lights-on capitalism — or, more likely, some combination of the two — there has been a huge, largely hidden byproduct of this dramatic increase in access: These students are often being loaded up with staggering debt that is completely out of whack with the earnings boost they’ll likely get from a degree at a nonselective or less selective college. Already, average student loan debt is higher in Boston than any other metro area in the country, 44 percent above the national average, according to Credit Karma. But  more troubling, many of these low-income students — and, at some colleges, most of them — are not graduating. That means these non-completers are leaving campus saddled with lots of debt but none of the salary gains that traditionally come with a bachelor’s degree. RELATED STORY: Poor at an Ivy League school Dean College … [Read more...] about The college debt crisis is even worse than you think

SECTIONS Search E-edition Customer Service Customer Service About Us Contact Us Archive Search Mobile & Apps Newsletters Photo Posters Sponsorships Obituaries News All News Local News Crime & Courts South Carolina Business Politics Education Military State Nation/World Civil Rights Charleston Shootings Data, Weather and Traffic Databases Weather Traffic Politics All Politics The Buzz SC Salary Database GoGamecocks All GoGamecocks Football Recruiting Phil Kornblut Baseball Men's Basketball Women's Basketball Other Sports Columnists Josh Kendall Sports Sports GoGamecocks.com Clemson Tigers High School Sports College NFL NBA NASCAR MLB Golf Columnists GoColumbia All GoColumbia Entertainment Celebrities Contests Events & Movies Living All … [Read more...] about SC college tuition freeze seems likely as lawmakers unveil yet another proposal

Share Tweet Email Politics Share: Share Tweet Email Share: Share Tweet Email AP By WASHINGTON -- Days before the first Democratic presidential debates, Sen. Bernie Sanders and House progressives are unveiling legislation canceling all student debt, going further than a signature proposal by Sen. Elizabeth Warren as the two jockey for support from the party's liberal base.By canceling all student loans, Sanders says the proposal addresses an economic burden for 45 million Americans. The key difference is that Warren's plan considers the income of the borrowers, canceling $50,000 in debt for those earning less than $100,000 per year and affecting an estimated 42 million people in the U.S.Questions face both candidates about how to pay for all of that plus their proposals for free tuition at public colleges and universities. But the battling ideas highlight the rivalry between senators who have made fighting economic … [Read more...] about Bernie Sanders, progressives unveil bill to cancel student debt

Betsy DeVos’ confirmation hearing yesterday, you have probably already heard the highlights. Ms. DeVos is woefully unprepared to lead the Department of Education; she is neither an expert in, nor a proponent of public education in general. She has no first-hand experience with public school or with student loans.  She also appears to know precious little about the <div%20class=%22vdb_player%20vdb_5688f66de4b040e17d9912265688f5c1e4b0f2c97f395156%22%20vdb_params=%22m.refbcid=56000e19e4b0e4e194b84b31&m.refpid=5668ae6ee4b0b5e26955d6a6%22><script%20type=%22text/javascript%22%20src=%22//delivery.vidible.tv/jsonp/pid=5688f66de4b040e17d991226/vid=587f8619e3bb5674372e6e6f/5688f5c1e4b0f2c97f395156.js%22></script></div>">IDEA (the federal law mandating education for all students with disabilities), and she thinks the looming grizzly bear problem is a good reason to end gun-free school zones. And if all that isn’t enough, she attended … [Read more...] about Trump Education Secretary Pick Sure Doesn’t Seem Willing to Enforce Laws Against Fake Colleges

Two for-profit law schools are not meeting the U.S. Department of Education’s gainful employment standard, which measures debt-to-earnings ratios, the agency reported Monday.If Florida Coastal School of Law and Charleston School of Law fail the gainful employment standard again next year, they lose access to federal student aid, the National Law Journal reports.The Infilaw System owns Florida Coastal. Two of its other law schools, Charlotte School of Law and Arizona Summit Law School, were given a “zone” rating by the Department of Education, which means the schools were close to not meeting gainful employment standards, and must pass the gainful employment standard in one of the next four years to stay in good standing.Federal student aid for Charlotte School of Law students is already in jeopardy, after the department in December found that the school made “substantial misrepresentations” to current and prospective students regarding its compliance with … [Read more...] about Department of Education flags 5 law schools’ debt-to-income ratios, including 3 in Infilaw System