Sallie Mae CEO Jack Remondi discusses its company split into two publicly traded companies.» Read More
Parents and students have an array of options for financing education costs, including private loans from banks, tapping home equity credit lines and dipping into retirement accounts. However, the quest to provide a better life for their children can create a lager financial mess for the parents.
CNBC's Rick Santelli weighs in on "tough love" and why it is important for people to pay off their debt, whether it's student loans or home mortgages.
With America's youth drowning in student loan debt, President Obama and Mitt Romney agree on a plan to freeze the current interest rate of a popular federal program.
According to a report by the Federal Reserve Bank of New York consumer credit, of the $85 billion in past due student loans, nearly 20 percent of the debt were held by senior citizens, with Ylan Mui, The Washington Post.
The number of Law School Admission Tests (LSATs) administered has seen the largest decline in more than a decade, reflecting a spreading view that the U.S. legal market is in terrible shape, the New York Times reports.
Personal debt dies with the borrower, and thus can’t be passed along to children or spouses -- but there are some notable — and potentially costly — exceptions.
As many as 27 percent of the 37 million student-loan borrowers have past-due balances of 30 days or more, a Federal Reserve Bank of New York report showed. The New York Times reports.
CNBC's Sharon Epperson reports student loan debt amassed by parents is growing faster than loans taken out by the student. And many of them are borrowing against their 401(k)s to pay their kids' college costs.
How does the sector trade rank for 2011?Chuck Gabriel, Capital Alpha Partners weighs in on the winners and losers. Also, CNBC's Jon Fortt reports Verizon has decided to reverse its decision to charge a $2 fee for customers making payments over the phone or web.
For the first time in three decades, there more young women in school than in the work force, the New York Times reports.
When people lament the cost of college, they’re usually talking about tuition. They often don't think of room and board. Now, there's a list that shows that a bed and three square meals a day aren’t cheap either.
As the Occupy Wall Street movement adds students to its ranks, Wall Street jobs lose their allure on college campuses, the New York Times reports.
Ameriprise Financial examined where consumers are most confident about retirement. Many expressed a nagging sense that they hadn’t saved enough money to keep them afloat. They’re right to worry, but they still have time for corrections.
The Millennial generation is the most entrepreneurial in US history, and we're counting on their success, says guest columnist Scott Gerber
CNBC's Courtney Reagan takes a closer look at the staggering statistics that face soon-to-be graduates.
Discussing President Obama's plan to lower student loan payments for millions of borrowers, with Andrew Rosen, Kaplan, Inc. chairman/CEO.
CNBC's Scott Cohn, reports a change at the top at IBM, naming Virginia Rometty as its new CEO; First Solar ousted its CEO, Rob Gilette; Chrysler will introduce an all electric car next year; most major airline carriers are jacking up fares, for the 18th time this year; and the Obama administration unveils new measures to help millions of Americans struggling to pay their student loans.
Students are borrowing twice the amount that they did a decade ago. Now, total student loan debt is greater than the total outstanding credit-card debt in America.
The “Occupy Wall Street” protest has been struggling to find an issue to occupy. One issue coming to the fore is student loans—the growing number of unemployed former students who borrowed money in search of the American dream and now find they can’t afford to pay it back. Call it buyer’s remorse, they made a mistake and want their loans “forgiven”.
Discussing the state of college endowments from the Barefoot Economic Summit, with Chas Cocke, Investure managing director, and CNBC's David Faber.