Forget the picket fence. Rising tuitions and official policy fueled a trillion-dollar debt crisis. Could congressional action help? With $60,000 in student debt, Cameron Vigil does not expect to marry or start a family anytime soon, or even to afford more basic living expenses. It’s definitely been holding me off on buying a car or
Tag: Money
The long read: MH Miller left university with a journal full of musings on Virginia Woolf and a vast financial burden. He is one of 44 million US graduates struggling to repay a total of $1.4tn. Were they right to believe their education was priceless? On Halloween in 2008, about six weeks after Lehman Brothers
Its not clear how many deceased students Navient is chasing for money but the company has been riddled with controversy In 2005, Sean Bennett took out a student loan with Sallie Mae, in 2010 he graduated from college and in 2011, when Sean was 23 years old, he died in a car accident. At
In this extract of her new book, Guardian columnist Alissa Quart explains how the middle class faces a uniquely American predicament: being squeezed economically and psychologically Michelle Belmont’s debt haunted her. It was almost unspeakable, but it was a raw relief when anyone asked her about it. She wanted people to hear about her
Private lenders are using free movies and happy hours to entice people to refinance their student debt Are you one of the 44 million Americans drowning in student loans you fear you’ll never pay back? Worried that you’ll be in the red for the rest of your life? Well, why not forget about your spiraling