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Tackling the High Cost of Student Loan Debt

Feb 04, 2019

By Matt Konrad

There’s no way around it: Americans are drowning in student loan debt. Collectively, we owe $1.5 trillion, and continually rising college costs mean that number isn’t likely to drop much in the next few decades. The average student borrower takes out around $26,000 in loans over the course of a bachelor’s degree—debt that is impossible to discharge in bankruptcy, difficult to have forgiven and increasingly unlikely to be fully repaid on schedule.

Not every student takes on...

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Financial Aid Outside the Box

Jul 12, 2016

Here at the peak of summer, it’s hard to imagine that there’s only a couple of months before students return to school. But the new academic year is creeping up -- and, when it starts, the students heading to college campuses will look a little different. Following the trends of the last decade, more of them will be older, more will be returning to school after time off and more will be transferring from two-year to four-year colleges. We’ve looked before at how these shifting demographics...

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How You Can Help Solve the Student Loan Crisis

Sep 26, 2014

For recent college graduates, the knowledge, skills and relationships formed during their school years will equip them for years to come. Yet, for millions of these graduates, their higher education journey will also come with another post-graduation reality: student loan debt. And for some, that debt exponentially increases into a full-fledged crisis.

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A Momentous Week For Scholarship America -- and Students

Jun 11, 2014

Scholarship America’s founder, Dr. Irving Fradkin, received a congratulatory telegram from President Eisenhower as he began expanding his community-scholarship idea across New England more than 50 years ago. One of the first donations to our national organization came from former First Lady Eleanor Roosevelt. And, this week, Scholarship America renewed our connection to the White House: Max Espinoza, our Senior Vice President of Education Programs and Policy, joined education leaders and...

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Reducing Student Loan Debt in Your Community

Apr 04, 2014

Alaskans have an average of $28,782 of it. Residents of Delaware have $33,649. Wherever you may live, student loan debt is a problem that hits home. Seven in 10 college seniors owe a national average of $29,400 in student loans. Combine that with 37 million student borrowers, and you have a $1 trillion (and growing) crisis. That’s right: Student loans are the biggest form of consumer debt outside of mortgages.

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The Far-Reaching Impact of the Student Debt Crisis

Mar 17, 2014

A trillion dollars. That’s a massive number. It’s larger than the gross domestic product of 175 countries.  No company in the Fortune 500 produces even half that much in annual revenue. The franchises in all four major American pro sports are worth barely 10 percent of a trillion dollars, combined. And it’s also how much America’s college graduates owe on their student loans.

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