That’s right, according to the President’s new budget proposal, his student loan forgiveness plans are costing American taxpayers even more than expected. Politico reported yesterday that the $21.8 billion shortfall is, “apparently the largest ever recorded for any government credit program.” Yikes. And since this a government credit program, it will be added on to […]
As student loan debt in the United States continues to spiral out of control, a recent study examined the health effects that this type of debt can have on individuals. And I bet you can already tell me what they found.
Recently, President Obama has been touting his various student loan repayment plans, which provide repayment relief to recent graduates who are saddled with mountains of debt. For those who qualify, these plans cap student loan payments at 10% of their monthly income, and provide forgiveness after at least 10 years of timely payments. But what […]
By: Matthew Hawes Yesterday, President Obama announced he would pursue making two years of community college “free” for “anyone who’s willing to work for it.” (One could argue that a college education is already available to anyone who’s willing to work for it, but federal interference has helped drive up costs so astronomically that it’s getting incredibly […]
With the U.S. student loan debt totaling over $1.2 trillion, more and more people are beginning to thoroughly analyze the issue and its causes. Today, the Guardian released an alarming report with numbers that suggest most incoming college freshmen have little to no idea what they are getting themselves into as they embark on their […]
