Sen. Marco Rubio and Rep. Tom Petri outline their plan for student-debt reform.» Read More
Here’s what we do know about student loan debt: it’s roughly $1 trillion in size, greater than either auto or credit-card debt and second only to mortgage debt in the U.S.
President Obama and Mitt Romney agree on an issue of importance to college students: keeping the interest rate low on a popular federally subsidized student loan issued to low-and middle-income students. What's behind the crisis?
Mike Cagney is a former hedge fund manager, an alumnus of the Stanford Graduate School of Business and the co-founder of SoFi, a startup that ultimately aims to make college alumni the primary source of student credit, instead of the federal government.
CNBC's Kelly Evans reports that the average student loan is $23,300.
What if a college did not spend its resources on sports stadiums? What if it quit the competitive "arms race" and did not build climbing walls and multimillion dollar student unions? What if a college did not spend its students’ resources on top "name brand" researchers, who undergraduates rarely see? In fact, what if there was no faculty tenure at all?
CNBC's Eamon Javers reports on President Obama's push to keep student loan interest rates from doubling in July.
The rampant inflation in the cost of U.S. higher education since 1980 makes gasoline and healthcare price hikes over the same period look like an Indy car racing a pair of old-school Volkswagen vans.
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.