#StudentLoans #DebtCrisis #EconomicChallenges
www.nytimes.com
Record Number of Student Loan Borrowers Are in Delinquency and Default
Recently released data from the Education Department showed that by the end of last year, 7. 7 million borrowers had defaulted on $181 billion in federal student loans.
#DebtCrisis #LowIncome #HouseholdArrears
ca.finance.yahoo.com
High levels of debt on essential UK bills are the 'new normal', warn campaigners
High levels of debt on essential bills have become the "new normal" for many low-income households, the charity StepChange said on Monday, with average arrears for housing, utilities and council tax all going up last year.
#StudentLoans #DebtCrisis #FinancialLiteracy
www.businessinsider.com
Student-loan borrowers are falling behind on payments at record levels
Student-loan borrowers are falling behind on payments at record levels.
A new report by left-leaning groups, the Century Foundation and Protect Borrowers, found that nearly 9 million student-loan borrowers -- or one out of every five -- are in default, which typically occurs after a federal borrower hasn't made a payment for more than 270 days.
W
#DebtCrisis #Economy #FiscalPolicy
www.washingtonpost.com
Opinion | A new reminder of America's debt problem
Amid so many crises around the world, it's easy to forget the scale of America's debt problem. But a new report from the Congressional Budget Office puts the stakes in sharp relief: Even under the best circumstances, America's finances are on track to get much worse.
#Economy #FederalBudget #DebtCrisis
dailycaller.com
JAMES CARTER: CBO's Latest Report Sounds Alarm On Debt And Growth
The Congressional Budget Office's (CBO's) recently issued report, The Budget and Economic Outlook: 2026 to 2036, offers a sobering look at the fiscal trajectory of the United States.
#StudentLoans #DebtCrisis #FinancialAid
www.npr.org
Millions of student loan borrowers aren't repaying their loans -- and defaults are up
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Roughly a million borrowers defaulted on their federal student loans late last year, with millions delinquent on their payments and sliding toward the same fate.
