On this page you’ll find links to the latest education and financial aid news from some of the most trusted sources in the industry, including The Chronicle of Higher Education, Insider Higher Ed, The New York Times and The Huffington Post.
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Threat to Student Loan Crisis Focuses on One SectorJul 16, 2012
CNBC – Barclay’s sees two potential areas where excessive student loans are crippling the American economy: students who take on debts but fail to graduate and older Americans who take on debt to advance their education or that of children and grandchildren. Their big concern focuses on the former, because these students often fail to earn an income high enough to pay off their loans, putting them at risk for default, ruining their credit and hindering their ability to make major purchases. For more, read Student Debt: America’s $1 Trillion Time Bomb.
RSC routinely preaches this our students. If you drop out of college, it will be much more difficult for you to pay off your student loans. A year or two at college can still set you back $10,000 or more in student loans. Not graduating has a bigger price tag than no degree. Use our program to see that this doesn’t happen to you.