2020 race brings free college back to the national stage

2022 Campaign 06/16/19, 09:37

After receding from the national stage, the free college movement is resurfacing as a central rallying point for Democrats as they set their sights on the White House. At least 18 of the party's 23 presidential contenders have come out in support of some version of free college. Sen. Elizabeth Warren ...

Speaker stuns 2019 Morehouse grads, to pay off student debt

U.S. 05/19/19, 16:49

A billionaire technology investor stunned the entire graduating class at Morehouse College when he announced at their commencement Sunday that he would pay off their student loans __ estimated at up to $40 million. Robert F. Smith, this year's commencement speaker, made the announcement while addressing nearly 400 graduating seniors of ...

Accepted! How to decipher your college aid

Business 05/02/19, 09:18

With college acceptances in hand, now comes the hard part: understanding your financial aid offers.These letters are notorious for being laden with jargon that differs from offer to offer, making comparison difficult. But you can learn how to interpret award letters to understand the costs and choose an affordable option.WHAT ...

Debate: Public workers’ loan relief program: Nix or fix?

Politics 04/28/19, 23:52

A federal program designed to cancel student loans for certain public workers has largely failed to deliver on that promise. Republicans want to end it. Democrats want to fix it. The program, called Public Service Loan Forgiveness, promises to erase federal student loans for public workers who make 10 years of payments ...

Millennial Money: Are you robbing the Bank of Mom and Dad?

Business 04/23/19, 10:24

When Melanie Lockert graduated with a master's in performance studies in 2011, she was overwhelmed with student loans. Her many attempts to tap the Bank of Mom and Dad had failed.She had already worked three jobs to pay off $13,000. After juggling multiple jobs, relocating from New York to Portland, ...

Warren unveils $640 billion college debt forgiveness plan

2022 Campaign 04/22/19, 09:04

Democrat Elizabeth Warren is proposing the elimination of existing student loan debt for millions of Americans, part of a sweeping set of education funding proposals announced as she and other presidential candidates seek to differentiate themselves in a sprawling field. The Massachusetts senator says the proposal unveiled Monday would eliminate almost ...

What students can learn from the days before college loans

Business 04/04/19, 10:15

College tuition was less than what today's students pay for textbooks when Caron and Jack Knopoff attended Chicago's Wright Junior College in the mid-1960s.Tuition at what is now Wilbur Wright College was $24 per credit hour, Caron Knopoff says. To cover this cost, the couple, who were dating at the ...

White House proposes caps on student loan borrowing

Politics 03/18/19, 17:00

The Trump administration on Monday proposed new limits on federal student loans taken out by parents and graduate students as part of a broader proposal to curb the cost of college. White House officials included the plan in a list of suggested changes to the Higher Education Act, a sweeping federal ...

Why college students take on loans they can’t repay

Business 03/14/19, 10:03

Students take on college debt with the best of intentions. They've been told that a college degree is a ticket to success. That they should pursue their dreams. That student debt is good debt.But how do smart students wind up with debt they can't repay? Here are three reasons, plus ...

Liz Weston: Can your employer cure your money woes?

Business 03/11/19, 09:58

Millions of Americans get their health insurance and retirement accounts through their employers. Now some are getting help with their debt.Companies including insurer Aetna and accounting firm PwC help employees pay down student loans. Others partner with startups to offer debt solutions as an employee benefit. Among the approaches:— MedPu ...

Millennial Money: Student loan default can gut your paycheck

Business 02/05/19, 09:14

There's a dirty little secret of the student debt crisis. One that affects millions of borrowers, but isn't talked about at dinner tables, on social media or in think pieces about student loans.The taboo topic is wage garnishment and it works like this: Default on your federal student loans and ...

3 colleges that help you handle student debt

Business 01/18/19, 10:48

With collective U.S. student loan debt nearing $1.5 trillion, some colleges are testing innovative solutions to help reduce student borrowing.Using no-strings-attached student loan payoff-assistance programs, college loan alternatives and annual student debt letters, these three universities are doing their part to curb college debt.1. UNIVERSITY OF PITTSBURGHThe University of Pittsburgh ...

3 colleges that help you handle student debt

Business 01/17/19, 09:58

With collective U.S. student loan debt nearing $1.5 trillion, some colleges are testing innovative solutions to help reduce student borrowing.Using no-strings-attached student loan payoff-assistance programs, college loan alternatives and annual student debt letters, these three universities are doing their part to curb college debt.1. UNIVERSITY OF PITTSBURGHThe University of Pittsburgh ...

How military service impacts student loan repayment options

Business 11/09/18, 13:23

If you're a veteran with student debt, you have repayment rights unique to military service members that can keep you on track and out of default.Federal student loan default occurs after nine months without a payment. Late notices turn into collection calls, and your creditor - the government - can ...

Liz Weston: How to fund college if you didn’t save enough

Business 10/08/18, 10:33

If college tuition bills are looming and you don't have nearly enough saved, you have plenty of company. But you also have options for making it more affordable.Four out of 10 families who hope to send kids to college aren't saving for that goal, according to student loan company Sallie ...

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