Not all states shoulder the same share of the student debt crisis. This is preventing graduates from being able to do the things their parents did, like buy a home. The government could wipe this debt out with a keystroke if it wanted to. It’s time to take this option seriously. Source: … Continue reading America has $1.73 trillion in student debt—borrowers from these states owe the most
On paper, it looks like Scott Larsen is doing better than his father was at the same age. But he’s not even close. The chances of him buying a home are very slim. The system currently extracts all the borrowing potential from the millennials through student loans that could have gone towards … Continue reading Many millennials are worse off than their parents — a first in American history
Since ancient times, societies have tended to polarize between creditors and debtors, but this tendency can and must be reversed. Historical documents from Sumer, Babylonia, Greece and Rome through Byzantium provide a … Continue reading Breaking the Chains of Debt: Lessons from Babylonia for Today’s Student Crisis
“One of the questions I am asked most frequently in my global travels is what will be the cause of the next financial crisis… My answer is always the same: We can … Continue reading A new loan crisis is forming and it’s in student loan debt
Where the Koch brothers see government tyranny, most Americans see common-sense solutions to basic problems, it turns out. Funny how these Koch brother studies lately have been finding out that the people … Continue reading The Koch Brothers Commissioned a Survey of Americans and Found Most Like a $15 Minimum Wage, Free College, and Universal Health Care
Are bachelorette parties the new avocado toast? Excuse me? With student debt through the roof, and house prices also through the roof, it’s got nothing to do with bachelor parties. Wake up … Continue reading Why can’t millennials afford houses? Blame bachelor parties, says study
College used to be affordable. Now, 44 million Americans are caught in the Student Loan Trap. Let’s set them free so that they—and all of us—can prosper. A campaign based on the … Continue reading Campaign to cancel student debt
It all became real the summer before my senior year of college. It was 2010, and my home phone still had a cord, which I wrapped around my fingers as I waited … Continue reading I’ve Paid $18,000 To A $24,000 Student Loan, & I Still Owe $24,000
Schatz said he’s not yet going to wade into details of how he’ll pay for his plan because he thinks there’s a double standard with Republicans and Democrats. “I don’t play the … Continue reading Sen. Brian Schatz’s ambitious new plan for debt-free college, explained
As the staggering national student loan debt tally sits at an all-time high of $1.33 trillion, according to the Department of Education, many Millennials say they would go to extreme lengths to wipe their slate clean. I guess they feel their votes don’t seem to count for anything anyway! But this is … Continue reading 50% of Millennials would give up their right to vote to get student loans erased
Thousands of people who have private student loans and haven’t been paying them on time may get an unexpected gift—their loans may be wiped away. $12B worth of student loans could be … Continue reading Thousands of Student Loans Could Be Wiped Away Due to Missing Paperwork
Tuition fees have become a political battleground. But what’s been their impact? Comparing countries that provide free college education to countries that charge, you see that poorer children are the ones that … Continue reading 10 charts that show the effect of tuition fees
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