Who owes all that student debt? And who’d benefit if it were forgiven?
Adam Looney, David Wessel, and Kadija Yilla explain the severity of America’s student loan challenge, the rate of default, and candidates’ proposals for forgiving those debts.
How TuitionFit Works TuitionFit is, at the core, a free exchange. Share your financial aid offer, compare it to other students’ offers for free. Simple as that. Just starting your college search? Use TuitionFit to build a college list in your price range, or purchase access to see the detailed pricing information contained in those...
Question of the Day: What was the average amount of student debt for 2020 college graduates? - Blog
Answer: $29,927 Questions: Does the number “$29,927” seem like a high average amount of debt? Why or why not? What do you predict will happen to the average amount of student loan debt taken over the next 5 years? Why? Explain how and why you are concerned about student debt.
The College Payoff: More Education Doesn’t Always Mean More Earnings - CEW Georgetown
Workers with higher levels of education tend to earn more than those with less education, but earnings vary by age, field of study, occupation, industry, gender, race and ethnicity, and location.
Question of the Day: What's the average time to complete the Free Application for Federal Student Aid (FAFSA)? - Blog
Answer: Questions: What’s the benefit of completing the FAFSA? Billions of dollars in federal financial aid are lost by not completing the FAFSA. What do you think are the challenges to completing this important form? What is one question that you have about the FAFSA?
When profit-motivated companies are spending money on big projects, they likely expect to earn that money back later on. While Target may be willing to pay for its associates to earn a degree, they also expect to profit.
Going to college? Want to find free money? You can! Here’s how to pay for college without student loans. Learn how to find free money and the best financial aid options like scholarships, grants, and more.
Question of the Day [Updated]: What's the new interest rate on federal student loans for the 2021-22 school year? - Blog
Answer: 3.73% (vs. 2.75% for 2020-21 school year) Questions: How do you think this interest rate compares to the interest charged on credit card debt? Average student debt is around $30,000 for college graduates. At current interest rates, roughly how much in interest would be paid over the life of a 10-year student loan? Here's a loan calculator to help with the math. Click here for the ready-to-go slides for this Question of the Day that you can use with your students. Behind the numbers (NerdWallet): Federal student loans will be more expensive for 2021-22 school year.
Tuition at America’s public universities has nearly tripled since 1990. With President Biden looking to ease the burden for some students, experts explain how federal financial aid programs can actually contribute to rising costs. Photo: Storyblocks
College enrollment in Southeast Michigan fell sharply in 2020 amid pandemic
Gov. Gretchen Whitmer's ambitious 2030 goal of getting 60 percent of Michigan's adult population to have some level of postsecondary education attainment has suffered a pandemic setback as college enrollment sharply declined in 2020.The Detroit Regional Chamber's annual State of Education report…
FAFSA’s Expected Family Contribution Is Going Away. Good Riddance. - The New York Times
The dollar figure that the federal financial aid form spits out has long left families confused and despondent. And then there are those great expectations.
QoD: What percent of college graduates end up working in the field of their major? - Blog
Answer: 27% Questions: Which majors do you think are more likely to lead to a job in that field? What steps can you take to prepare yourself for employment, regardless of which major you choose? Given that almost 3/4 of college grads end up in fields that are not related to their major, do you think it's a good idea to consider multiple majors while in college? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Inside Higher Ed): A New York Federal Reserve Bank study came up with this 27% statistic. The Insi...
Financial inTuition Podcast | Consumer Financial Protection Bureau
Learn tips and strategies on how to make more informed financial decisions around managing money, saving and paying for higher education, and repaying student loan debt.
Dave Ramsey tells students: go to school where you can afford
When it comes to picking a college, Dave Ramsey says too many students and their families are more focused on attending that all-important "dream school," than seriously considering what student loan debt will do to their lives 20 or 30 years down the line. And that has to change, he says.
Mapped: How Much Student Debt Does Each State Hold?
Crippling student debt in the U.S. has reached a record high of $1.5 trillion nationwide. Today’s map breaks down which states bear the highest burden.