college tuition

Study: Over 27% of Student Loans Are in Default

A university degree was once perceived as the social elevator to a higher net worth. But the Federal Reserve Bank of New York estimates that 40 million Americans have racked up an average of four loans with an outstanding net balance of $29,000 to obtain a college education.

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NYT: Dismal Community College Graduation Rates, Not Cost, The Real Problem

The White House claimed last week that President Barack Obama’s proposed “free” community college for everyone proposal would cost U.S. taxpayers at least $60 billion over the next 10 years were it to pass. But as the New York Times pointed out on Friday, community college is already tuition-free for millions of students.

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