Placing fair caps on interest rates, ending predatory practices that push people further into debt, and creating a path out of debt for people who are struggling are some of the ways to alleviate a mounting crisis, argues LeeAnn Hall.
student loans
More Parents Are Defaulting on College Loans For Their Children, Costing Taxpayers
The Parent Plus program allows parents to take out essentially uncapped amounts to cover college costs, regardless of the borrower’s income or ability to repay the loan. But default rates, while still modest, have nearly tripled over the last four years.
How I’m Graduating My Children From College Debt-Free: Planning, and Lots of Hard Work
Explaining what it takes to develop college-ready students and debt-free parents, columnist and Matanzas High teacher Jo An n Nahiriny describes the frustrations of dealing with students and families who don’t plan ahead and busts the myth that a college education must be debt-ridden.
We’re the Most Educated Young Adults in American History, Yet Many of Us Can’t Find Work
What happens when we can’t find work and can’t pay our loans, asks Colleen Teubner. We invest about four years of our lives and up to hundreds of thousands of dollars in our education, and then spend the next decade trying to get out of ever-increasing debt.
Shifting More Burden To Students, Lawmakers OK 15% Tuition Hike at Florida Universities
The Florida House approved an 8 percent increase and each state university is allowed to add an additional 7 percent, as universities have for the past several years. Gov. Rick Scott is opposed to the tuition hike.
Dim Futures: Florida’s Student-Loan Default Rate Rises to 10 Highest in the Nation
Students are defaulting on loans at higher rates, especially in Florida, because of a lousy job market, higher interest rates, and a rise in for-profit colleges that typically charge more than public colleges.