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Student Debt

BUSINESS
June 5, 2012 | By Jim Puzzanghera
WASHINGTON -- Ten U.S. colleges and universities have committed to provide more information to students about tuition and other costs, including estimated monthly loan payments after graduation, as part of a federal push to improve disclosure to help prevent financial-aid recipients from overextending themselves, the White House said. Leaders from those institutions, which include the state university systems in Maryland, Massachusetts, New York and Texas, were scheduled meet Tuesday in Washington with Vice President Joe Biden, Education Secretary Arne Duncan and Richard Cordray, director of the Consumer Financial Protection Bureau to discuss financial aid transparency.
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NATIONAL
March 5, 2006 | Tim Jones and Jodi S. Cohen, Chicago Tribune
Margo Alpert is on the 30-year plan. Every month, $500 to $600 is automatically deducted from her salary to pay off college loans. By the time the 29-year-old Chicago public interest lawyer is in her mid-50s and thinking seriously about retirement, she will finally be free of college debt. "It's going to be part of my life forever," Alpert said. "I don't think about it at all because it's just a fact of life."
OPINION
May 16, 2013
Re "Cal State grads facing an exit fee," May 14 Give an arm and a leg, and you still have to give up more. College tuition has been on the rise for the last 10 years, and just when a college student believes that the horror is over, many of the Cal State University campuses want students to pay an exit fee. What chutzpah. The average debt load for graduates who borrowed money to pay tuition hovers around $27,000, according to the Institute for College Access and Success' Project on Student Debt.
BUSINESS
February 9, 2013 | By Shan Li
With decades ahead of them in the job market, more than half of millennials stay awake at night chewing over all manner of worries, according to a study. Those 18- to 33-yeas-olds actually stress out more than older generations, the American Psychological Assn. concluded in its new study. Slightly more than 50% said that overwhelming worries disrupted their sleep in the past month. A dour economy is top of mind for young people, with work and job stability sending their stress levels soaring.
CALIFORNIA | LOCAL
June 9, 2013 | By Larry Gordon, Los Angeles Times
A UC Berkeley senior who majors in social welfare and has been active in student government and Mideast issues is expected to become the next University of California student regent, joining the board that sets policies for the 10-campus system. A special regents committee has nominated Sadia Saifuddin, 21, of Stockton to be the student regent in 2014-15. Confirmation by the full Board of Regents is expected next month. For the next year, Saifuddin would be a regent-designate, able to participate in all discussions but without voting rights until her one-year term as a fully empowered student representative begins in July 2014, officials said.
BUSINESS
December 6, 2009 | Kathy M. Kristof, Personal Finance
Last June's college graduates face a tough choice this month. That's when the automatic six-month deferment on their student loans expires, forcing them to start repaying the money or beg for additional time. Never have students been so deep in debt and so unprepared to pay. The average student is carrying a record debt load of more than $23,000, according to a just-released report by the Project on Student Debt. Meanwhile, unemployment among college graduates ages 20 to 24 is the highest in recorded history, at 10.6%.
NATIONAL
October 29, 2010 | By Jordan Steffen, Tribune Washington Bureau
The Education Department on Thursday issued regulations governing for-profit colleges, a rapidly expanding education sector that has been criticized in Congress for allegedly providing students with poor educations while saddling them with excessive debt. Issued after a year of negotiations, the new regulations are intended to improve the Education Department's ability to monitor the institutions, including compensation for recruiters, and the ability to take action against schools that engage in deceptive advertising and marketing.
BUSINESS
June 13, 2012 | Ryan Faughnder, This post has been corrected, as indicated below.
As Americans continue to borrow more to pay for college, many are confused and frustrated at the process of dealing with private student loans. The Consumer Financial Protection Bureau disclosed the depth of the problem Wednesday by publishing nearly 2,000 comments from borrowers, advocacy organizations and other agencies. The federal agency removed names and other identifying information from comments. Many were angry with lenders for not making terms and conditions clear, such as how to consolidate a series of loans.
BUSINESS
August 12, 2013 | By Shan Li
Tell The Times how your family is dealing with the current job market. Although the economy is slowly picking up, Californians of all ages are struggling with their employment situations and their finances. In many cases, family members are stepping in to help. Are you a twentysomething who is working multiple part-time jobs and living with your parents? A fortysomething supporting your parents or children? A sixtysomething who is facing depleted retirement savings and looking for work?
BUSINESS
December 6, 2012 | By Tiffany Hsu
Americans saw their wealth increase by $1.7 trillion in the third quarter ended in September, a promising sign in the thick of the holiday shopping season. Total household and nonprofit net worth - the difference between the value of assets and liabilities - climbed 2.7% to nearly $64.8 trillion from $63 trillion the previous quarter. A year ago, the gauge was at $58.7 trillion, according to a report Thursday from the Federal Reserve. Households enjoyed a $301 billion bump in the value of their real estate holdings; the value of stock investments increased as well.
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