Student Debt

/Tag: Student Debt

America’s Growing Financial Literacy Problem

Making major personal finance decisions can be daunting for anyone. Whether the decision is related to paying back student debt or how to invest for the first time, the outcomes of these decisions have a long-term impact on the quality of our lives. Smart decisions can lead to achieving financial independence, while bad decisions can lead

House hopes to tame student loan crisis with financial literacy bill

The House next week will try to fend off a growing pile of student loan debt — now at $1.4 trillion — by passing legislation requiring families to learn more about what it means to borrow tens of thousands of dollars for college. Republicans have scheduled a vote on legislation from Reps. Brett Guthrie, R-Ky.,

Millennials are set to be the most unequal generation yet

In an economic climate where the top 1% own half the world’s wealth, a new analysis by Credit Suisse suggests that millennials in several advanced economies are likely going to face the worst income inequality of any generation in recent memory. The report, which focuses on the US, Germany, France, and Spain, shows that millennials are generally saddled

The disturbing trend of people losing Social Security benefits to student debt

To recoup student debt, the government is leaving people who rely on Social Security with benefits that fall below federal poverty guidelines, the GAO says. The number of older Americans defaulting on education loans has steadily increased in recent decades, as many have returned to college or co-signed loans for family members. Unpaid debt has