Financial Aid

Career College Central Summary:

  • The share of college graduates with more than $40,000 in student loans grew by almost 10 times in just 8 years, a new report shows.
  • In 2004, just 2% of student loan borrowers with bachelor’s degrees were holding $40,000 or more in student loans. By 2012, that share jumped to 18%, according to a report released Monday by the Urban Institute, a Washington-based think tank. The bulk of bachelor’s degree recipients with...

Career College Central Summary:

  • Student loan debt has become a big economic concern, voiced by policy makers from presidents at the Federal Reserve's regional banks to the Treasury Borrowing Advisory Committee. They and other economists worry it's causing millennials to delay household formation and home purchases, which minimizes the boost to growth from such a large, young population. Here are five things any economy-watcher ought to know about the state of U.S....

Career College Central Summary:

  • IN FEBRUARY, 15 students of Corinthian Colleges, a private education company in the United States, decided to refuse to pay back their student debt. Within a month, the students on debt strike swelled to 100. These are among the 400 students who took out predatory loans to attend the for-profit Corinthian Colleges—part of a landscape of moneymaking private institutions. The U.S. government is not unsympathetic to the plight of these...

Career College Central Summary:

  • The Department of Education is developing a formal process to forgive student loans if schools have broken the law, it said yesterday, in its first public acknowledgment of work on such a system.
  • The statement, buried at the end of a press release announcing a $30 million fine for the troubled for-profit college operator Corinthian Colleges, comes in the face of growing pressure from activists pushing for student debt forgiveness....

Career College Central Summary:

  • For Jeb Bush, former Republican Governor of Florida and heir apparent to the Bush dynasty, an official presidential campaign announcement is all but certain. With an extensive reservoir of financial and political capital, many believe he has already cultivated a strong sense of inevitability as a front-runner for the republican presidential nomination in the upcoming race. So what does that mean for higher education affordability and student...