April 19, 2014 |
Sarah Luna wants to buy a home in up-and-coming northeast Los Angeles before it's too late. At 31, she has a master's degree and earns more than $70,000 as a court reporter and freelance editor. She daydreams about trading the Glendale apartment she shares for a little condo, maybe in Echo Park or Highland Park. Just one thing holds her back: The $700 she's paid every month since 2008, after she graduated from the University of Southern California - with $75,000 in student debt.
March 16, 2014 |
Adina Jones has spent years immersed in logistics such as financial tracking, transportation organization, nutritional direction and healthcare supervision. In other words, Jones is a mom. And until shortly before her 14-year marriage ended last year, Jones was a full-time caregiver for her three daughters. "I wanted to give them the best start I could," Jones, 40, said of her career hiatus, which began in 2006. "I wanted to be there for them in all ways. " Now, Jones is trying to reenter the traditional workforce and finding it tough.
March 13, 2014 |
The one thing you've got to say about Miriam "Duke Porn Star" Weeks is that she's probably not racking up much in the way of student loans at Duke University. Or is she? The story on Duke freshman Weeks, who's "working" her way through college by flying regularly to L.A. to make porn films, oscillates between: 1) a lugubrious feminist narrative about an enterprising "sex worker" (nothing wrong with that!) who's being victimized by judgmental, patriarchal males who simultaneously condemn her and lap up (no pun intended)
March 13, 2014 |
The Obama administration is preparing to crack down on some for-profit colleges, requiring them to do a better job of preparing students for work or risk losing access to federal student aid. Newly proposed regulations expected from the Education Department on Friday are designed to stop the flow of federal funds to poor-performing colleges. Students at most for-profit colleges rely heavily on federal loans and grants, and few programs could survive if the flow of federal money were ended.
February 23, 2014 |
Dashiell and Marya Talbot thought that their most pressing financial problem was the five-figure student loan debt that seemed to make home buying an impossibility. Then they learned that Marya was pregnant. The Los Angeles couple, both in their 30s, suddenly had a lot more doubt about their plans. Should they dip into savings to get rid of their debt? And were there things the Talbots - he's a lawyer, she's a costumer - hadn't considered yet? "It seems like the student loan debt is going to be with you for life," said Dashiell Talbot, who prefers the name Dash.
February 10, 2014 |
Last October, in between arguments over the debt ceiling, the federal government somehow found time to send me an email. My student loan payment was 70 days past due, the message read, so the government had negatively reported me to each major credit bureau and would continue to report me until my account was brought current. I'm betting the government sent out a lot of those letters to people like me: college graduates from middle-class families who didn't qualify for much in the way of scholarship aid and had parents who couldn't afford to pay for their schooling.