Students now owe a trillion dollars in loan debt.
The combination of more students heading to college and ever-increasing costs of public and private higher education means more Americans are taking on debt that will take years to pay back, says the Consumer Financial Protection Bureau.
Due to congressional cost cutting, there’s also less money for students, outside of loans.
“It’s the failure of state and federally subsidized grants to keep pace with the rising cost of higher education,” said Mark Kantrowitz, financial aid expert and founder of FinAid.com. Full story...
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The combination of more students heading to college and ever-increasing costs of public and private higher education means more Americans are taking on debt that will take years to pay back, says the Consumer Financial Protection Bureau.
Due to congressional cost cutting, there’s also less money for students, outside of loans.
“It’s the failure of state and federally subsidized grants to keep pace with the rising cost of higher education,” said Mark Kantrowitz, financial aid expert and founder of FinAid.com. Full story...
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