Tag: US student debt

Student loan crisis threatens the American dream for a generation

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

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Top US student loans official resigns over ‘open hostility’ from White House

In his resignation letter, Seth Frotman said Trumps budget director was serving the most powerful financial companies   The governments top official overseeing the $1.5tn student loan market resigned in protest on Monday, citing what he says is the White Houses open hostility toward protecting the nations millions of student loan borrowers. Seth Frotman will

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The inescapable weight of my $100,000 student debt

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

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Deceased and still in debt: the student loans that don’t get forgiven

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

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How student loan companies pretend to be your friend

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

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