Student Loans News

The cost of college has gone sky-high, and now Americans are $1.6 trillion in student loan debt. How did we get here? And how do we get out? Sen. Rick Scott, R-Fla., and The Heritage Foundation’s Mary Clare Amselem explain on this week’s episode of Washington Waste Wednesday.

Every year, colleges raise tuition prices yet again. That’s helped create the student debt crisis, and it’s causing more young people to skip college altogether. But what’s the government’s role here? Is it making things worse? And if so, what’s the solution? Richard Vedder, author of “Restoring the Promise: Higher Education in America” shares his…

This week, Rep. Alexandria Ocasio-Cortez claimed that it was “literally easier” for her to win the congressional election than pay off her student loan debt—which says something unfortunate about both the cost of college and the electorate’s choices. Ocasio-Cortez was commenting on Sen. Bernie Sanders’ new plan to eliminate $1.6 trillion in student debt and…

In today’s dynamic society, we have a general consensus that investments in time and effort, such as excelling in the classroom and earning degrees, help to achieve intended goals. But when it comes to financial investments in our futures, especially in the case of student loans, consensus surrounding sacrifices and consequences associated with the pursuit…

Confounded by rising piles of student debt, cash-strapped graduates across the country are realizing that their degrees don’t offer enough bang for the buck. It’s time we rethink the way students pay for college. College is an investment. The conventional wisdom tells us to borrow for college now and be proportionally rewarded in the job…

As Congress turns its attention to the problems facing higher education, the Department of Education announced last week that it will seek public comment on possible relief for students with outstanding student loan debt. One proposed option is discharging student loans in bankruptcy court, as is done with other types of loans when borrowers are…

Nearly one-third of Americans today must be licensed by the government in order to do their jobs. Many of those people are among the 44 million Americans who have outstanding student loans. For that group of people, falling behind on student loan payments can mean that the state will strip them of their occupational license…

A college education offers many advantages. Graduates enjoy the benefits of their university’s alumni network, and the diploma can give grads a leg up over non-degree-holding competitors in the job market. College graduates are generally likely to out earn non-grads over time, and those with postgraduate degrees improve their earnings potential even more. But college…

We are facing an education crisis in this country. While the value of continued education after high school is undeniable, our nation’s singular focus remains on the necessity of traditional four-year degrees, which come at a soaring cost to students and their families. For many students, a classic bachelor’s degree earned at a brick-and-ivy university…

On Sept. 30, the outdated federal Perkins Loan Program is set to expire. Policymakers should resist the temptation to revive this duplicative program and instead pursue options that will set higher education policy on track to meaningful reform. Originally created in the 1950s to help students with the cost of attending college, the Perkins Loan…

In case you ever had any doubts about the inefficiencies of the Department of Education, look no further than the recent revelation that the agency has been vastly overestimating student loan repayment rates. On the last day of the Obama administration’s tenure, the College Scorecard the department established has been quietly revealed to have serious…

With outstanding student loan debt now exceeding $1.3 trillion, it is no wonder that the sticker price of college tuition has gotten a lot of attention in 2016. Yet few proposals have gotten to the root of the college cost problem. Despite overwhelming evidence that more federal subsidies for higher education increase tuition prices, policies…

Good government should always take account of human nature: one aspect of human nature is that you are more careful about conserving resources when you are dealing with your own property. Any child knows that if he breaks his toy by being reckless, he had better not be reckless. But what if the parent always…

A postsecondary credential is almost universally viewed as important. As student debt levels continue to rise, however, Americans are losing confidence in the quality and affordability of their higher education. A clear majority of Americans think that the quality of higher education in the United States has stagnated or declined, and almost three-quarters think that…

The Obama administration’s student loan program came up $21.8 billion short last year because of unpaid and forgiven loans. According to Politico, which found the number buried in President Obama’s 2016 budget proposal this week, the shortfall is “the largest ever recorded for any government credit program.” The president’s student loan initiative limits student loan payments to…

Watch the latest video at video.foxnews.com For many college students (and their parents), there’s a lot of concern that future salaries won’t be enough to cover the huge student loans many students today take on. In Michigan, Adrian College is tackling that fear head on: they’re offering to pay all to some of student loan…

New student orientations are kicking off at colleges across the country, and parents are busy buying mini fridges and dorm-sized bed sheets. As students head off this fall, many will also carry with them record-high levels of student loan debt. This year, outstanding student loan balances reached an all-time high of $1.12 trillion – an…

The job market and student loan debt had lawmakers waxing philosophical at today’s Conversations with Conservatives event on Capitol Hill. “When I graduated from undergrad, I had a degree in Spanish literature and a minor in philosophy. I knew I wasn’t going to get a job,” Rep. Raúl Labrador, R-Idaho, said.  In fact, he joked,…

Using his pen again in “this year of action,” President Obama today took executive actions to ease the burden of student debt at the expense of “millionaires.” The program, “Pay as You Earn,” expands an existing federal loan option available to undergrad and graduate students. It issues caps on monthly loan payments at 10 percent…