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Archives: Student Debt

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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 ...

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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 ...

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#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. ...

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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 ...

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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.

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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.

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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 ...

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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 ...

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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.

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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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Mainstream Media, Millennials, And Student Debt: The Great Divide

The Great Recession officially ended during the summer of 2009, but for Millennials in higher education the economic malaise persists and continues to grow.

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How To Enroll In An Income-Driven Repayment Program: A Three-Step Guide

IDR plans are designed to cap your monthly federal student loan payments at 10-15 percent of your discretionary income and forgive your outstanding loan balance after 20-25 years. If that means more money leftover for Netflix and car payments each month, we’re on board.

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Betsy DeVos: The Most Anti-Public Education Nominee For Secretary Of Education Ever

Meet Betsy DeVos. She’s the billionaire Republican fundraiser from Michigan that Trump has just nominated to head the Department of Education.

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Millennials Crave Economic Stability And Opportunity

Though the Great Recession has largely receded, its effects on the Millennial generation have not. Millennials’ attitudes toward the economy have been shaped by the recession, with more Millennials citing economic stability as their top economic priority than any other goal.

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FACT SHEET: The Cost Of Catching Up, State-By-State

Across the United States it costs students in remediation and their families close to $1.3 billion in yearly out of pocket costs. These costs range from just over $1 million in Alaska to more than $205 million in California.

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