New York Times tackles student debt crisis head on
The New York Times is tackling the expanding student debt crisis head on with it's in-depth "Degrees of Debt" series by Andrew Martin. Mr. Martin examines the ever-increasing costs of higher education and the indebtedness it creates for students and their parents. Here are some highlights of the articles, but I certainly encourage you to read the original articles and share your thoughts. Article #1: “A Generation Hobbled by the Soaring Cost of College” Date published: May 12, 2012 Source: NY Times Business Day (Degrees…
Talented Blogger Contributes to Student Debt Relief Efforts
I love Public Service Loan Forgiveness, dark chocolate caramels, and red-headed guest bloggers! James Jarvis is a talented writer with a wealth of communications experience. For years, James brilliantly managed strategic communications for the U.S. Marine Corps as a Public Affairs Officer. Also, James Jarvis knows what it’s like to love somebody with mortgage sized student loan debt (guess who?). Plus, he’s a helluva funny guy. Since the inception of askheatherjarvis.com in early 2012, James has served as Director…
What Do You Think About Higher Education Tax Breaks?
Higher education tax breaks are a good thing, right? Sounds good to me - promotes access to education, right? But are the tax breaks always on target? Stephen Burd doesn’t think so. Burd, a Senior Policy Analyst at Education Sector, says we should eliminate the American Opportunity Tax Credit in order to strengthen the Pell Grant program. In his report Moving on Up: How Tuition Tax Breaks Increasingly Favor the Upper-Middle Class, Burd states that between 1999 and 2001, over 80 percent of higher education benefits…
Slow Jam Student Loan News with Jimmy Fallon and President Obama
The Preezie of the United Steezie slow jammin' the news! Pell yeah!
Congressional Action Needed to Prevent Interest Rate Hike
If Congress fails to extend the low 3.4 percent interest rate on federal student loans for undergraduates, the rate will double on July 1, to 6.8 percent, affecting close to 8 million student borrowers. Estimates vary, but some will pay $1000 more in interest. The 3.4 percent interest rate was established by the College Cost Reduction and Access Act (CCRAA), of Income-Based Repayment and Public Service Loan Forgiveness fame. Rates were reduced over 4 years to 3.4, and are set to increase to 6.8 percent this July. President…
