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Federal Student Lending Swells
Keywords:
About 11% of student loans outstanding amount were over 90 days past due in Sept. 2012, increasing from 8.9% at the end of the second quarter 2012, according to the Federal Reserve Bank of New York. This now exceeds the figure for credit cards. U.S. student loan debt is now at $956 billion for the third quarter 2012, increasing by 4.6%. About 93% of student loans made in 2011 were made by the U.S. government, which is promoting access to loans without asking for information about borrowers finances and education plans and ability to pay the loans back. Because student loans have to be paid back and are hard to discharge even in bankruptcy, this means many borowers who cannot find jobs are deep in debt, and unlikely to get loans for many years for cars and other needs. Moody's warns of a wave of student loan defaults in coming years.
Arne Duncan and the Education Department's plan to save $87 billion going to banks for subsidies to make student loans.
01/28/2009
Arne Duncan wants to use the funds to help low income students and community colleges.
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U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
Wall Street Journal 07/22/2013
College Tuition Increases Slow, but Government Aid Falls
Wall Street Journal 10/23/2013
Escaping the constraints of ‘No Child Left Behind’ - The Washington Post
Washington Post 01/07/2012
Wall Street Journal 08/23/2015
Banks Don't Belong in the Student Loan Business
Wall Street Journal 12/18/2009
For-Profit College Grads Also Earn a Life of Debt
BusinessWeek 01/06/2011
Obama's plan for U.S. student loans.
02/27/2009
Making college affordable andf lightening the burden on parents and poor students.
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Congress Passes Bill on Highways, Student Loans and Flood Insurance
Wall Street Journal 06/30/2012
College Tuition Increases Slow, but Government Aid Falls
Wall Street Journal 10/23/2013
Student Borrowers and the Economy
New York Times 06/10/2014
Big Changes on the Way in Lending to Students
New York Times 02/27/2009
Government to Simplify Online Application for College Loans
Wall Street Journal 06/24/2009
New Plan Ties Reduced College Loan Payments to Income
New York Times 06/30/2009
Rates on U.S. student loans
05/21/2012
Grouped Articles
Congress Passes Bill on Highways, Student Loans and Flood Insurance
Wall Street Journal 06/30/2012
College Tuition Increases Slow, but Government Aid Falls
Wall Street Journal 10/23/2013
The New Rules of Borrowing for Homes, Autos and College
Wall Street Journal 09/13/2014
Wall Street Journal 06/13/2015
Wall Street Journal 08/23/2015
Student Loan Price War: Banks vs. Feds - Real-Time Advice - SmartMoney
Unknown 05/21/2012
Growing burden of college loans and student debt in the U.S. in 2011-2015
04/11/2011
Grouped Articles
Congress Passes Bill on Highways, Student Loans and Flood Insurance
Wall Street Journal 06/30/2012
High student debt is dragging down the U.S. economy | Wonkblog
Washington Post 04/18/2013
Student Loan Debt Is a Drag on the Economy, Too
New York Times 05/10/2013
College Tuition Increases Slow, but Government Aid Falls
Wall Street Journal 10/23/2013
Upward Mobility Has Not Declined, Study Says
New York Times 01/23/2014
The ’1 Percent’ isn’t America’s biggest source of inequality. College is.
Washington Post 05/23/2014
Pell Grants and the Debt Ceiling deal of August 2, 2011
04/11/2011
Pell Grants for low income students will increase under the Debt Ceiling deal of August 2, 2011. The increased funding comes from defunding of interest on graduate student loans while students are in school.
Grouped Articles
Student Loan Debt Is a Drag on the Economy, Too
New York Times 05/10/2013
College Tuition Increases Slow, but Government Aid Falls
Wall Street Journal 10/23/2013
The Ripple Effects of Rising Student Debt
New York Times 05/24/2014
A Quiet Revolution in Helping Lift the Burden of Student Debt
New York Times 01/24/2015
College Grants Spared From Spending Cuts
Wall Street Journal 08/04/2011
Washington's Quietest Disaster
Wall Street Journal 09/30/2011
The lack of a future for many young law school graduates in the U.S.
01/08/2011
The added burden of financial loans upwards of $250,000. Even mediocre schools charge $43,000 and a class of 25 students brings in a million dollars for law schools, which try to fudge the figures to present a rosy future when it is just the opposite.
Grouped Articles
New York Times 06/07/2014
For Law School Graduates, Debts if Not Job Offers
New York Times 01/08/2011
Surging Student Debt Pushes Up Overall Consumer Credit
Wall Street Journal 03/07/2012
Student-Loan Debt Tops $1 Trillion
Wall Street Journal 03/22/2012
Student Loan Interest Rates Loom as Political Battle
New York Times 04/20/2012
New York Times 04/29/2012
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