The student loan non-crisis

June 25, 2014

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There’s a new Brookings paper out this week, which somewhat controversially comes to the conclusion that student loans might not be the generation-stifling, nationwide debt crisis it’s made out to be. There are some surprising findings, including the fact that incomes for college-educated workers have increased alongside student loans, such that “earnings received over the course of 2.4 years would pay for the increase in debt incurred.”

New caps for graduates

June 11, 2014

On Monday, President Obama signed an executive order capping student loan payments at 10 percent of the borrower’s income and allowing debts to be forgiven after 20 years of payments. Income-based repayment — what the administration calls the “Pay-As-You-Earn Program” — is already an option for most borrowers. This order expands it for another 5 million people, mostly those who took out loans before October 2007.

Indebted for knowledge

May 14, 2014

Class of 2014, welcome to adulthood. You now owe your share of America’s $1.1 trillion in outstanding student debt. That’s up 361% since 2003. The average debt load per student twenty years ago was half of today’s $30,000, after adjusting for inflation.

The student loan mill

March 17, 2014

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