All articles tagged with #student debt
The GOP is pushing back against new student debt rules that cap loans for nursing students, with critics arguing the caps could limit access and increase tuition, while the Education Department defends the policy as a way to reduce costs and address high tuition rates in health education.
A homeschooled Gen Xer, Sarah Nagle, who was educated at home from age 10 until college, credits her personalized homeschooling experience for her academic success and for avoiding student debt, highlighting the growing acceptance of homeschooling in the US and its potential benefits.
Credit scores in the US are declining at the fastest rate since 2009, driven by high living costs, student debt, and economic disparities, with younger Americans especially affected by increased delinquencies and job market challenges.
Most American college students are not the stereotypical image of wealthy, on-campus students; instead, many attend community colleges, take online courses, work, or care for children, with significant financial challenges including high student debt, especially among women and minorities.
Many Gen Z individuals regret their college choices, with 25% wishing they had pursued higher-paying fields like tech or finance, due to rising costs, student debt, and uncertain job prospects, leading to a reevaluation of the value of higher education.
Solomon Jones, a recent college graduate with $25,000 in debt, struggles to find a job in sports communication amid a slow job market, living with his parents and taking freelance gigs while exploring alternative career options, highlighting the broader challenges faced by new graduates in today's economy.
Recent Gen Z graduates face a divided job market, with those who graduated during the peak hiring years of 2021-2022 benefiting from low unemployment and good career progress, while newer graduates are struggling with higher unemployment, difficulty finding jobs, and financial hurdles like student debt and rising home prices, highlighting how graduation timing significantly influences long-term economic prospects.
Recent US college graduates face the highest unemployment rate since 2013 at 5.8%, with job prospects weakening due to economic uncertainty, sector slowdowns, and technological changes, leaving many young people struggling with debt and job insecurity.
The proposed 'Big Beautiful Bill' aims to tighten eligibility for Pell Grants by requiring full-time enrollment, potentially affecting hundreds of thousands of community college students who rely on these funds for their education, amid broader efforts to cut government spending and reduce student aid.
The University of Texas System will expand its free tuition program to cover families earning $100,000 or less annually, starting in fall 2025. This initiative, part of the Promise Plus program, aims to reduce student debt and increase access to higher education across its nine universities and five health institutions. The expansion follows a successful endowment program at UT Austin and reflects a broader trend in American higher education, with institutions like MIT also eliminating tuition for lower-income families.
The University of Texas System is expanding its free tuition program to cover all undergraduate students whose families earn $100,000 or less, starting next fall. This expansion, pending final approval, will be funded by a $35 million allocation and aims to make college more affordable and reduce student debt. The initiative builds on previous efforts, such as the Promise Plus Program, to increase access to higher education for low-income students across the UT system's nine universities.
Graduates facing student debt can consider high-paying entry-level remote jobs such as software developer, technical product manager, and digital marketing manager. These roles offer lucrative salaries starting from $85,000 to over $100,000, and can be accessed through degrees or relevant certifications and training.
President Biden criticized former President Trump for calling his New York trial verdict "rigged," emphasizing the importance of respecting the justice system. However, Biden himself has publicly disagreed with several Supreme Court rulings, including those on student debt relief and Roe v. Wade, asserting that these decisions won't stop him from pursuing his agenda. Biden's remarks come amid his re-election campaign, where he continues to highlight Trump's challenges to democratic institutions.
Master's degree holders earn significantly more than those with only a bachelor's or high school diploma, but many face substantial debt. The top-paying master's degrees are in fields like computer science and engineering, with starting salaries over $100,000. However, fewer than 60% of master's programs offer a positive return on investment, highlighting the importance of choosing the right field.
Democratic strategist James Carville criticized his party's messaging, arguing it fails to attract younger and Black voters by ignoring economic issues and focusing too much on the War in Gaza and student debt forgiveness. He emphasized the need to address cost of living concerns, citing a poll showing Americans prioritize economic issues over international conflicts.