Loan
Students Buried in Debt Ask for Help
This year the price of college reached a record high. According to figures from an annual College Board report, the average cost of per year of tuition is up more 8.3 percent for public 4 year colleges and up 4.5 percent for private schools. The average college student now finishes school with between $22,000 and […]
Ron Lieber Answers Your Questions on Student Loan Debt
On Wednesday, President Obama announced his plan for lowering the burden of student loan debt for people saddled with paying for the high cost of their education. The Takeaway asked listeners to tell us their stories about how they’re dealing with student loan debt. Ron Lieber, personal finance reporter for The New York Times, attempts […]
Personal Debt Piles Up in Kenya
The economic crisis is being felt not just on Wall Street and among the international markets. It’s hitting regular people all around the world. We look at Kenya where banks are fiercely competing for clients and unsecured loans are becoming very common. While it’s improving people’s lifestyles, young professionals are now taking on debt for all sorts […]
Historically black colleges tackle student loan defaults
Growing numbers of recent college students are defaulting on their student loans, which can threaten federal funding for their alma maters. A group of historically black colleges in Texas set up a successful program to counsel students and avoid default.