Measuring the cost of federal student loans to taxpayers
Soaring student loan debt seems to be the next crisis waiting to explode. Universities keep jacking up their tuition and the U.S. government keeps financing it through a seemingly unlimited supply of student loans. As I’ve written before, student loans exceed $1 trillion and more than 11 percent of student loan balances are 90+ days delinquent […]
Newly minted teachers in 2012 on average owe $429 a month
Should future teachers be taking out massive loans to get their master’s of education degrees? A March 26, 2014 report by the New America Foundation points out that as much as 40 percent of the $1 trillion in student debt outstanding was borrowed not for college, but to pay for grad school. And some 80% […]
High student loan default rates among largest community colleges
I decided to do a little data mashup of Community College Week’s 2013 list of the top community colleges, published on June 24, 2013, and the federal student aid database of default rates. Here is a list of the top 10 producers of associates degrees and their average default rate on student loans over the […]
