The number of people ages 60 and above with college debt in New York has risen 44 percent between 2012 and 2017.
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More than 700,000 Coloradans, from all corners of the state, are paying off student loans. And more than 20,000 rural student loan borrowers are severely delinquent, study finds.
“Winter is coming for debt relief scams that prey on hardworking Americans struggling to pay back their student loans,” Maureen K. Ohlhausen, the agency’s acting chair, said in a statement.
Today the State Assembly held a hearing to see if legislative action is needed to tackle the rising debt problem.
By the time you finish reading these next three paragraphs, another young person will have slipped into default — an event that destroys credit, may delay marriage and children, home and car purchases, and even change the course of one’s life.
New research points to troubling trends for student loan borrowers.
Maine people deserve basic consumer protection against shady student loan companies. When the new Legislature meets early next year, lawmakers must join together and pass a student loan bill of rights.
A report from the Center for Responsible Lending says New Jersey residents carry a total outstanding student loan debt of about $41 billion dollars.
Two Baltimore teachers sued Navient, saying the company steered them away from loans that would qualify them for the forgiveness program while giving them false assurances they were on track for loan forgiveness and misstating the terms under which they would qualify.
To clean up the mess, it’s time for some good old-fashioned debt forgiveness. If Mr. Obama could bail out the banks, Mr. Trump could do the same for students sold on a lousy idea by their government.