The article focuses on the educational debt burden shouldered by U.S. college students which has surpassed credit card debt in size by more than one trillion dollars.
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Posts Tagged ‘DEBT’
The article focuses on the educational debt burden shouldered by U.S. college students which has surpassed credit card debt in size by more than one trillion dollars.
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June 9, 2012 Tags: DEBT, EDUCATION -- United States
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Speaker John A. Boehner has a risky habit he just can’t kick – and it is not smoking. It is his determination to use the federal debt limit as leverage to win the ”grand bargain” he covets on taxes, spending and social programs. The famously chain-smoking Ohio Republican may ultimately cut his big deal and emerge a hero. But there are potentially serious repercussions for him and his party as well as President Obama and the Democrats. [ABSTRACT FROM AUTHOR]
Read MoreJune 6, 2012 Tags: DEBT, DEMOCRATS, REPUBLICANS, SOCIAL services
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The article considers economics research on the impact of income inequality on financial crises. Studies indicating that increased income inequality in the U.S. generated increased demand for debt leading to the housing bubble of the 2000s and subsequent global financial crisis are contrasted with research finding that it is cheap and widely available debt itself that causes crises, with income inequality not a factor.
Read MoreMarch 17, 2012 Tags: BUSINESS cycles, DEBT, ECONOMICS -- Research, FINANCIAL crises, INCOME distribution, RESEARCH
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The article discusses college student loan debt in the U.S. and examines how several high schools and colleges are providing opportunities and programs for students to learn about the costs of a college education in order to develop financial responsibility. Issues including student loan defaults and state-required personal finance education are discussed and comments from public relations official Gail Cunningham, college president Deborah DiCroce, and high school teacher Ken Krause are also included.
Read MoreMarch 1, 2012 Tags: COLLEGE costs, COLLEGE students -- Economic conditions, DEBT, DEFAULT (Finance) STUDY & teaching, PERSONAL finance, STUDENT financial aid
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The article offers information about the plan at Davidson College to suggest grants to and work-study jobs for students with financial need instead of offering student loans. Students at the liberal-arts college in North Carolina will have an opportunity to graduate free of debt. The college’s president, Robert F. Vagt, comments on the policy decision, which was made by the Davidson Board of Trustees, and the cost to the college–about $3.5 million per year–for financing grants and jobs instead of promoting student loans.
Read MoreFebruary 24, 2012 Tags: COLLEGE presidents, COOPERATIVE education, DEBT, FINANCE, HIGHER education -- Finance, HUMANISTIC education, PREVENTION, STUDENT financial aid, STUDENT loans
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The article reports that more college students are relying on private loans to cover their expenses, sometimes instead of those subsidized by the federal government. During the 2003-2004 academic year, 50 percent of students took out loans to pay for college, according to the U.S. Department of Education’s National Center for Education Statistics. From 2001-2006, tuition and fees at public universities have risen 40 percent, after adjusting for inflation, according to the College Board.
Read MoreFebruary 23, 2012 Tags: COLLEGE students, DEBT, EDUCATION -- Finance, HIGHER education, STUDENT financial aid, STUDENT loans
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The article presents a graph that illustrates for several developed countries including the U.S., Japan, and South Korea how their ratios of debt to gross domestic product have evolved between 2000 and the second quarter of 2011.
Read MoreFebruary 23, 2012 Tags: CHARTS, DEBT, diagrams, etc., GROSS domestic product
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The article considers how the U.S., Great Britain, and Spain have progressed since 2008 in their efforts to reduce levels of household debt. Between the start of 2009 and mid-2011, debt in the U.S. declined by $584 billion, with defaults accounting for a significant portion of the reductions in mortgage and consumer debts. The authors estimate the U.S. has completed about half of the debt-reduction it must undergo. Conversely, the deleveraging process is still in its early stages in Great Britain, they note, while Spain has made even less progress.
Read MoreFebruary 23, 2012 Tags: 2008-2009, CONSUMER credit, DEBT, DEBT service, FINANCIAL crises, FORECLOSURE, GLOBAL Financial Crisis, GROSS domestic product, MORTGAGES
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The article discusses college student loan debt in the U.S. and examines how several high schools and colleges are providing opportunities and programs for students to learn about the costs of a college education in order to develop financial responsibility. Issues including student loan defaults and state-required personal finance education are discussed and comments from public relations official Gail Cunningham, college president Deborah DiCroce, and high school teacher Ken Krause are also included.
Read MoreFebruary 11, 2012 Tags: COLLEGE costs, COLLEGE students, DEBT, DEFAULT (Finance) STUDY & teaching, Economic conditions, PERSONAL finance, STUDENT financial aid
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The article discusses ways to reduce consumer debt. The article examines ways to reduce interest rates on credit cards in order to eliminate credit card balances more quickly, mortgage refinancing through the Home Affordable Refinance Program (HARP), and short sales of properties. Information is also provided on federal and private student loans and managing medical debt through negotiation and financial-aid programs. The article provides a metric which allows consumers to determine if they are carrying too much debt.
Read MoreFebruary 1, 2012 Tags: CONSUMER credit, CREDIT card fees, DEBT, MEDICAL care costs, MORTGAGES, STUDENT loans
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