Sallie Mae sales employees were rewarded this week with a five-day, all-expenses-paid trip to Hawaii for achieving a record year of $5 billion in student loans, adding to the reported $1.6 trillion in student loan debt for Americans.
“Last year more than one million borrowers defaulted on a student loan. That’s more than the population of each your districts,” said Seth Frotman, Executive Director of the Student Borrower Protection Center to members of the Congressional Financial Services Committee during a hearing on the nation’s student loan debt crisis.
Students and fresh grads from around the country are entering into sexual relationships with older benefactors in order to pay off their student loans. One website that facilitates the arrangements claims to have more than 4 million students on its platform.
According to a recently released survey, two-thirds of employees admitted to having regrets about their higher education, specifically when it came to the high cost of college, as well as the area of study. Student loans represented the largest source of regret across all demographic categories.
Rep. Alexandria Ocasio-Cortez (D-NY) is on board with Sen. Bernie Sanders’ (I-VT) proposal to erase all student loan debt, because she has not paid off her student loans either, she said Monday.
Congressional Democrats and President Obama orchestrated a government takeover of student lending in 2010.
At the end of 2018, young Americans age 19 to 29 faced $1 trillion in debt, mostly for student loans, according to the Federal Reserve.
In his 2019 proposed budget, President Donald Trump called for heavy cuts across federal agencies, including funding for student loans and medical research.
“Students deserve useful and relevant data when making important decisions about their education post-high school,” said education Secretary Betsy DeVos. “That’s why instead of targeting schools simply by their tax status, this administration is working to ensure students have transparent, meaningful information about all colleges and all programs.”
House Democrats have introduced a bill that would make community colleges free to students, according to a report from the Washington Post.
A new report suggests that Americans’ student loan debt now totals $1.5 trillion.
Brown University plans to eliminate student loans from financial aid packages and replace them with grants that students do not have to pay back.
An online tool that helped college students and their families complete the Free Application for Federal Student Aid (FAFSA) application for financial assistance has been taken offline until the fall.
SiriusXM host Alex Marlow welcomed billionaire businessman Mark Cuban of ABC’s Shark Tank to Breitbart News Daily on Friday.
A recent survey of college students revealed that around 30 percent of college students will use their student loans to pay for spring break trips.
Half of college students believe their student loans will be forgiven after graduation, according to a recent poll.
It takes an average of 12 years for the full value of a college degree to kick in, according to a report from the College Board.
Screwing around with loan markets to create huge bubbles, then blaming everything on what remains of the free market when they burst, has been a major socialist pastime since long before subprime mortgage perpetrator Barack Obama reached the Senate.
In his final State of the Union address Tuesday evening, President Barack Obama counted the recent reform of No Child Left Behind (NCLB) and the law’s new pre-school provision as hallmarks of his tenure as president, and he said he will continue to fight for universal pre-K and free community college.
Debt is a fantastic way to control people, because politicians can offer to relieve portions of that debt in exchange for votes. The political battlespace has been well-prepared by teaching citizens to hate the banks that loan them money to fulfill their ambitions and satisfy their desires.
A study published by the National Bureau of Economic Research found that nearly all of the increases in college tuition since 1987 can be explained by the increase in student loans made more available by government policy.
With 27 percent of student loan borrowers in default, Democrats want to shift blame away from the multi-billion dollar indirect Obamacare tax that is driving interest rates up on student loans.
The 13-year-old social media star CJ Pearson, whose YouTube videos criticizing President Obama have gone viral, joined Cruz for President this month to help reach out to millennial voters through the campaign’s “youth operation” and talked about his new venture to Breitbart News.
Despite the Labor Day unemployment rate supposedly falling to 5.1 percent, the total delinquent loan amount for the 40 million student loan borrowers is now about $340 billion, according to the US Department of Education’s Federal Student Aid website.
The Wall Street Journal calls Clinton’s plan an “attempt to address a source of anxiety for American families while advancing one of the left’s most sweeping new ideas.” It’s no surprise the Left did everything it could to heighten that anxiety before terrorizing people into a “solution” that would spread its sweeping ideas. The WSJ dryly notes that information about Hillary’s plan “will be a key element of campaigning on college campuses this fall.” I’ll just bet it will.
A new study from the New York Federal Reserve faults the federal government’s policy of boosting aid to families in recent decades to make college education more affordable, because it enabled institutions to raise tuitions much faster than inflation.
Florida Senator Marco Rubio (R-FL) made the case that his background made him well-suited to take on Democratic frontrunner Hillary Clinton at the beginning of Thursday’s Fox News debate, arguing that she would be unable to play the Democrats’ usual class warfare games against him.
The Minneapolis Star Tribune brings us the infuriating story of Hamaz Ahmed, 20, and Hanad Mustafe Musse, 19, two Twin Cities college students who allegedly used federal student loan money to buy plane tickets to the Middle East to join ISIS.
On Tuesday, the Securities and Exchange Commission announced it was charging ITT Educational Services Inc., its chief executive officer Kevin Modany, and its chief financial officer Daniel Fitzpatrick with fraud, alleging that they hid from the company’s investors the how badly two student loan programs were performing.
Harris stated that she may be able to wipe out student loans through a “closed-school loan discharge”, a rule that provides students with debt relief if they cannot complete their education because their school closed. But “closed-school loan discharge” means former students are not eligible for debt relief, and students that try to transfer with completed class credits lose their eligibility for any debt relief.
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.
During CPAC, Spyridon Mitsotakis of Breitbart News caught up with Katie Kieffer, author of “Let Me Be Clear.” The title turns Barack Obama’s famous catchphrase against him.
Even a CNN commentator is noticing that the Obama economy doesn’t look good for millennials. And if we’re going to fix a big problem that stands to ruin the hopes of an entire generation, we need to think about big solutions, not just finger-pointing.
