Student Debt

Former New York Mayor Michael Bloomberg is giving about $100 million to four historically Black medical schools over the next four years

Student loan borrowers with federal debt won’t see a bill until January 2021

Mark Kantrowitz, publisher and VP of research for Savingforcollege.com, breaks down how the student loan crisis got so out of hand and why it’s primed to get worse.

After Republicans and Democrats failed to agree on the details of another stimulus package last week, President Donald Trump signed an executive order on Saturday that gives people with student debt another three-month break from their bills, during which interest will not accrue.  As a result, more than 35 million people with federal student loans won’t have to resume their payments...

The rapid increase of student loan debt has slowed over the past few years, but individual borrower balances aren’t going down mostly because hardly anybody is paying down their loans. Total indebtedness over the past year or so has stopped its meteoric rise, according to a study that Moody’s Investors Service released Thursday. Nevertheless, the study showed a number...

A lawyer managed to get own his massive, years-old student debt thrown out in New York bankruptcy court this week, after he was able to prove the burden was so huge he could never afford to pay it. The ruling potentially has huge implications for others suffering under crushing student debt loads, as it condemns the common belief that such…

Student loans have become a defining feature of American life. It was 10 years ago that education debt eclipsed credit card debt. The next year, in 2011, it exceeded auto debt. As we enter a new decade, outstanding student debt trails only mortgages and is expected to top $2 trillion in the next couple of years. Around 43 million people in the…

The University of Phoenix for-profit college and its parent company will pay $50 million and cancel $141 million in student debt to settle allegations of deceptive advertisement brought by the Federal Trade Commission. The deal announced Tuesday settles a dispute over an ad campaign unrolled in 2012 touting partnerships with companies including Microsoft, Twitter and Adobe and suggesting the school...