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Archives: Student Debt

IDEAS

Seeking Sanctuary: How Schools Can Protect and Advocate for Undocumented Students

Generation Progress has identified key policies—based on practices already in place at many schools—all colleges and universities must enact to fully open the gates of higher education to undocumented students.

IDEAS

Borrower’s Bill Of Rights: States Step Up To Protect Student Loan Borrowers

In the absence of federal leadership on loan servicing, states must step up to protect their student borrowers from servicers that act more like debt collectors than loan counselors. Fortunately, there is something they can do: create a Borrower’s Bill of Rights.

VOICES

Resources for Undocumented Students and Higher Education

Below, we’ve highlighted a few scholarships for both undergraduate and graduate programs for which undocumented students are eligible. Many other organizations have resources–whether that be their own scholarship lists, info on how to navigate financial aid, or general tips and ...

VOICES

The Lawsuit Against Secretary DeVos and How You Can Help Keep Up the Fight

We hate to be the bearers of bad news, but we knew we needed to get this message to you ASAP. As you might have already heard, the DeVos Department of Education made the call a few weeks ago to delay implementation of a rule that would protect students who were cheated, defrauded, and left ...

VOICES

6 Stories That Show Why Student Loan Borrowers Need Protection

Education Secretary Betsy DeVos recently decided to roll back rules designed to help students who have been defrauded by their colleges. While scammed students have continued to request relief processing, no new loan discharges have been approved since January 20. Some borrowers have been waiting ...

VOICES

Who Are America’s Millennial Homeowners?

Homeownership may not be the rite of passage it once was for young adults: according to a report by the Pew Research Center, 2016 saw the lowest level of young homeowners in over 40 years. The same report says that 81 percent of adults think buying a home is the best long-term investment in the ...

VOICES

Seven Reasons Borrowers Want Sec. DeVos to Fire, Not Hire Navient

Navient, which two states and the Consumer Financial Protection Bureau (CFPB) recently sued, holds loans for one in four student loan borrowers while maintaining a notorious record for cheating students at every stage of repayment. The Department of Education should act in the interest of borrowers ...

IDEAS

#HandsOff Higher Ed: How The Trump-DeVos Education Budget Would Hurt Student Loan Borrowers

On Tuesday, May 22, President Trump announced his full budget. While he ran on a campaign bolstered by claims of populism and restoring power to the people, his budget does just the opposite: it cuts taxes for the wealthy while slashing foundational programs for low- and middle-income Americans. ...

VOICES

The Word

Every other week, we deliver Young Money, a newsletter on young people and economics that you’ll actually want to read, to your inbox. In it, we include personal finance tips–The Word–from experts on subjects that are actually relevant to you. You can find the most recent edition ...

IDEAS

Young Money: In April, Youth Unemployment And Labor Force Participation Remain Low

In April, the economy added 211,000 jobs and the national unemployment rate fell to 4.4 percent—its lowest rate since 2007. The youth unemployment rate, which measures Americans 16 to 24, ticked slightly upward in April, to 9.4 percent from 9.1 percent in March.

VOICES

Why We’re Looking To Fire Navient This Week

We’re commemorating an anniversary this week—but it’s not one we're happy to be celebrating. This Tuesday marks the fifth anniversary of the day Americans' student debt hit $1 trillion, or $1T Day.

VOICES

Five Reasons You Should Be Scared Of Jerry Falwell Jr., Trump’s Pick To Lead His Higher Education Task Force

In January, Donald Trump appointed Jerry Falwell Jr. to lead a new higher education task force put in place to roll back federal regulation over higher education. Many of these regulations were created by the Obama Administration to protect students from fraud, ensure high graduation rates, and ...

VOICES

To Persist and Resist: How To Keep The Pressure On Secretary DeVos

Betsy DeVos has been confirmed as Secretary of Education, but the fight against her corruption and extreme policy agenda is far from over. Secretary DeVos’ confirmation process revealed her lack of experience, knowledge, and preparation for the job she has been confirmed to do. Now is not the ...

VOICES

The CFPB Is Suing Navient: Here’s What Student Loan Borrowers Need To Know

In the aftermath of the Consumer Financial Protection Bureau’s (CFPB) lawsuit against Navient, the largest servicer of federal and private student loans in the country, we wanted to get in touch with our readers about what this could mean for their own student loans.

VOICES

How Enrolling in an Income-Driven Repayment Plan Saved My Life

After graduating from college, I was ready to take on the world. I had my degree in hand, a big accomplishment checked off my bucket list, and, accompanying my newly enriched education, a newfound self-confidence that I hoped would make me appealing to employers as I applied for open positions. ...

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