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student loan debt News

US and UK cracking down on student debt

After Paul Aker's interview on his arrest for outstanding student loan debt went viral, the issue of governments taking excessive action on student debt repayments has become a broader issue. Britain is joining the U.S. on taking extreme measures.

Op-Ed: Reform needed — Study finds college debt costs housing market $83B

A new study finds that America's college debt burden is hurting the housing a tune of $83 BILLION annually. Finally putting a price tag on the student debt bubble should shock politicians into reforming higher education funding.

Op-Ed: Funemployed — The rising cost of higher education and unemployment

Unemployment rates are higher in the U.S. than depicted in the media, and recent graduates (with excessive student loans) are struggling to find jobs in their fields.

Under massive debt, students turn to each other online

As students struggle with the weight of massive loans, peer to peer lender SoFi wants to change the way students borrow money.

Op-Ed: Textbook buyback season is here — Where can you sell yours?

During textbook buyback season everyone is looking for the great deals, I'm going to let you in on a little known company that gives you more money back, 2x more to be exact!

Op-Ed: One-man play sheds light on student debt crisis Special

Athens - In the United States, two-thirds of students take out student loans and are graduating with an average of over $26,000 in debt. Students in Ohio, however, graduate with close to $28,000, which is the seventh highest state average.

Op-Ed: The new sub-prime crisis of $1 trillion student loan debt

As U.S. student loan debt surpasses the $1 trillion mark, it represents a financial time-bomb that will far exceed the misery of the sub-prime housing crisis, destined to become the new sub-prime crisis.

'Occupy Student Debt Campaign' launched

New York - Occupy Wall Street protesters launched the "Occupy Student Debt Campaign" in Zuccotti Park on Monday. They hope to have one million people pledge to stop paying their student loan obligations collectively.

Op-Ed: For-profit colleges have 15 percent student loan default rate

Student loan defaults in the U.S. are increasing with rates particularly high for those who attended for-profit colleges. As these colleges receive a disproportionate amount of federal student aid the government needs to take some responsibility.

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