Student finances

In this Sunday, March 24, 2019 photo a passer-by walks on a pedestrian walkway, in Boston's Seaport district. At the end of 2018, 18- to 29-year-olds carried over $1 trillion in debt, according to the Federal Reserve. That’s the highest level since 2007. “Understanding your options and making a plan is imperative,” says Billy Hensley, CEO of the National Endowment for Financial Education. “Anyone doing that is going in the right direction.” (AP Photo/Steven Senne)
March 26, 2019 - 9:05 am
The saying that debt is easy to get into and hard to get out of hits home for younger Americans: At the end of 2018, 18- to 29-year-olds carried over $1 trillion in debt, according to the Federal Reserve. That's the highest level since 2007. "Understanding your options and making a plan is...
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FILE- In this May 17, 2018, file photo, new graduates line up before the start of the Bergen Community College commencement at MetLife Stadium in East Rutherford, N.J. In high school, students hear that they should earn a college degree to have a well-paying, successful career. But student debt isn’t good when your degree doesn’t lead to a job that earns enough to repay it. (AP Photo/Seth Wenig, File)
March 14, 2019 - 11:03 am
Students take on college debt with the best of intentions. They've been told that a college degree is a ticket to success. That they should pursue their dreams. That student debt is good debt. But how do smart students wind up with debt they can't repay? Here are three reasons, plus ways to avoid...
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FILE- In this June 15, 2018, file photo, twenty dollar bills are counted in North Andover, Mass. Default on your federal student loans and the government can take up to 15 percent of each paycheck to satisfy your debt. The Education Department can also withhold federal benefits like tax returns and Social Security payments. Garnishment is an effective tool to recoup unpaid loans, private collection agencies enlisted by the Education Department took in over $841.6 million via wage garnishment in the 2018 fiscal year, but it inflicts serious financial strain on borrowers who are already struggling. (AP Photo/Elise Amendola, File)
February 05, 2019 - 9:14 am
There's a dirty little secret of the student debt crisis. One that affects millions of borrowers, but isn't talked about at dinner tables, on social media or in think pieces about student loans. The taboo topic is wage garnishment and it works like this: Default on your federal student loans and...
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FILE - In this May 13, 2018, file photo, new graduates walk into the High Point Solutions Stadium before the start of the Rutgers University graduation ceremony in Piscataway Township, N.J. A growing number of colleges and universities are postponing tuition deadlines, waiving late fees and providing emergency grants to students whose finances have been tied up by the longest government shutdown in history. Among the latest to advertise help are Brown University, Rutgers University and the State University of New York system. (AP Photo/Seth Wenig, File)
January 25, 2019 - 12:44 am
A growing number of colleges and universities are postponing tuition payments and offering grants to students whose finances have been tied up by the government shutdown. Statewide college systems in New York, Connecticut and Nevada have agreed to delay payments for affected students. At least 20...
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Anthony Spencer, whose wife, Chastity, right, is a furloughed federal worker, holds his daughter, Sydney, as they wait in line with others who are affected by the partial government shutdown for Philabundance volunteers to distribute food under Interstate 95 in Philadelphia, Wednesday, Jan. 23, 2019. (AP Photo/Matt Rourke)
January 24, 2019 - 1:02 am
WASHINGTON (AP) — At this time of year, John Sprinkle and his wife would normally be planning their summer vacation. Not now. Sprinkle, a furloughed federal employee, is about to miss his second paycheck since the partial government shutdown began just before Christmas. With no end in sight to the...
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FILE - This April 2017 file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)
January 23, 2019 - 8:39 am
Tyler Luker of Plano, Texas, is a high school junior who already knows which college he wants to attend (University of Missouri), how much it costs ($43,300 for out-of-state residents) and how much he can expect his single mother to contribute: nothing. "That's protecting my retirement," says...
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Sen. Lamar Alexander listens as Department of Education Secretary Betsy DeVos speaks to students at Sevier County High School, Tuesday, Nov. 13, 2018, in Sevierville, Tenn. The pair spoke about the newly launched myStudentAid mobile application. (Robert Berlin/The Daily Times via AP)
November 27, 2018 - 2:37 pm
WASHINGTON (AP) — Education Secretary Betsy DeVos said Tuesday that ballooning student debt has caused a "crisis in higher education," and that the traditional path to college might not be the best choice for all students. DeVos made the comments in Atlanta at a training conference for the...
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FILE - In this Thursday, April 19, 2018, file photo, former New York City Mayor and United Nations Special Envoy for Climate Action Michael Bloomberg speaks at World Bank/IMF Spring Meetings, in Washington. Bloomberg is donating $1.8 billion to his alma mater, Johns Hopkins University. Bloomberg and the Baltimore university said Sunday, Nov. 18, 2018, that the gift is the largest ever to any education institution in the U.S. (AP Photo/Jose Luis Magana, File)
November 18, 2018 - 5:53 pm
BALTIMORE (AP) — Former New York City Mayor Michael Bloomberg announced Sunday he's donating $1.8 billion to his alma mater, Johns Hopkins University, to boost financial aid for low- and middle-income students. The Baltimore university said the contribution — the largest ever to any education...
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In this October 2014 photo provided by Nerdwallet, Takiia Anderson, left, poses for a photo with her daughter Taje Perkins during a campus visit to Anderson’s alma mater, Howard University in Washington. Today, Anderson’s student debt is long gone. She has nearly $500,000 in retirement savings, and her daughter, Taje Perkins, finished her third year at Spelman College in Atlanta with no student loans to cover its nearly $30,000 per year in tuition and fees. (Nerdwallet via AP)
October 11, 2018 - 10:37 am
When Takiia Anderson graduated from Boston College Law School in 1999, she was a single mom with a 2-year-old child, nearly $100,000 in student loans and a new job as a government attorney that paid $34,102 a year. She didn't like that math. "People are talking about 20 years to pay off a student...
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FILE- In this Nov. 9, 2017, file photo people walk by Old Main on the Penn State University main campus in State College, Pa. The Free Application for Federal Student Aid, or FAFSA, becomes available Monday, Oct. 1, 2018. It’s widely considered the most important document in securing money for higher education as current and prospective students must fill it out annually to get federal student aid including loans, grants, work-study and certain scholarships. (AP Photo/Gene J. Puskar, File)
October 01, 2018 - 4:17 pm
Let the race for financial aid begin. The Free Application for Federal Student Aid, or FAFSA, becomes available Monday. It's widely considered the most important document in securing money for higher education. Current and prospective students must fill it out annually to get loans, grants and...
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