college debt

The Source - June 10, 2014
2:50 pm
Tue June 10, 2014

The Source: Expanding Debt Relief For Students

President Obama talks about his Presidential Memorandum to increase access to some debt relief on Federal Student borrowers
Credit The White House / cc

Yesterday President Obama signed a presidential memorandum that, when implemented, expands access to a repayment cap of 10 percent of income to an additional 5 million federal borrowers.

The action takes a law passed in 2010 applying to new loans and applies it to loan holders who borrowed before October 2007.

College affordability and the ability to go and then pay off your debt are of great concern across the country as the average college graduate, from 2012, owed $29,000 and the costs keep rising. 

What can we do to make college more affordable? 

Guests:

Read more
Paying For College
2:37 am
Thu April 24, 2014

When Money Trumps Need In College Admissions

For many low-income students, economic trends are making the prospect of getting into the college of their choice, and reaching graduation, even more difficult.
iStockphoto

Originally published on Thu April 24, 2014 11:51 am

At some schools, the admissions process itself can work against low-income students, according to Georgia Nugent, former president of Kenyon College and a senior fellow at the Council of Independent Colleges.

Nugent says during her tenure at Kenyon, there were low-income students at the bottom of the admissions list who sometimes weren't accepted so the school could make room for more affluent students.

Read more
Paying For College
1:56 am
Thu March 27, 2014

Senator Warns Of A Student Loan Bubble

Sen. Tom Harkin, D-Iowa, presents a Senate report on for-profit colleges in 2012. He wants changes to the federal student loan system.
J. Scott Applewhite AP

Originally published on Mon March 31, 2014 11:18 am

Each year, the federal government provides more than $150 billion in grants and loans to help students pay for college. And while a bachelor's degree has become increasingly valuable, young people are taking on record levels of debt to earn that degree.

Read more
Paying For College
12:46 pm
Tue March 25, 2014

Some Common Misconceptions About Paying For College

iStockphoto

Originally published on Tue March 25, 2014 11:24 am

In reporting on students navigating the maze of college costs and financial aid, I kept running into misconceptions about paying for a degree. Here are some of the most common ones:

Low-income students get most of their college financial aid needs met and rich kids don't have to worry, so it's mainly the middle class that gets squeezed.

Read more
12:54 pm
Thu December 27, 2012

Higher Education And Preserving The Class Divide

Lead in text: 
A striking look at how three girls from middle to low income families in Galveston are fighting their way toward a college education and success. “Everyone wants to think of education as an equalizer — the place where upward mobility gets started,” said Greg J. Duncan, an economist at the University of California, Irvine. “But on virtually every measure we have, the gaps between high- and low-income kids are widening. It’s very disheartening.”
"I don't want to work at Walmart" like her mother, she wrote to a school counselor. Weekends and summers were devoted to a college-readiness program, where her best friends, Melissa O'Neal and Bianca Gonzalez, shared her drive to "get off the island" - escape the prospect of dead-end lives in luckless Galveston.