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Student loan debt in the United States rises six times faster than the economy at large, with the average student borrower’s debt clocking in at nearly $40,000, according to EducationData.org. If you want to dodge that bullet, look to the…
After a decade of tepid economic growth coupled with soaring college tuition costs, many are concerned about the value of a college education. Undergraduates feel increasingly pressured to choose majors that will lead as directly as possible to well-paying careers,…
Many are currently questioning the value of pricy college degrees that may or may not lead to well-paying jobs. According to researchers Jaison R. Abel and Richard Deitz of the Federal Reserve Bank of New York, nearly half of college…
According to ongoing data from the Bureau of Labor Statistics (BLS), more education typically equates to more income. That means those with a doctoral degree, commonly called a Ph.D., outearn those with a master’s degree on average, just as those…
Like many borrowers, I was told student loans were “good debt” that would lead to a steady income. That after 10-plus years working at public universities, the government would forgive the crushing multi-six-figure student loan debt I borrowed to get…
A college degree is supposed to be a ticket to a better-paying career. But most students these days are forced to borrow student loans to pay for their degree, which can offset some — or even all — of the…
If you’re one of the millions of Americans who’ve graduated with student loan debt, you’re likely making multiple loan payments. Each year you borrow for school requires taking out a separate loan. And while all the money behind federal student…
If you’re heading to graduate school, you may already feel like a student loan pro if you’re familiar with undergrad loans. But there are some key differences between graduate and undergraduate loans for both federal and private student loans. And…
According to first-quarter data released in May 2021 by the Federal Reserve Bank of New York, student loans are now the second-largest source of consumer debt, outpacing both credit card and car loan debt and second only to mortgage debt….
Student loan debt can be overwhelming. Yet it’s become an unavoidable reality for many college graduates. According to a 2018 report from the Institute for College Access & Success, two-thirds of students borrow money for college. The average amount borrowed,…
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