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Because of high costs, some high school graduates have opted to delay, drop out of or forgo attending college altogether to avoid student debt that could hang over them for decades.
It's often referred to as the 'best loan you'll ever get'. But with inflation rising, you might be wondering if you need to worry about your student debt.
Four years ago, Tasha Torzsa was more than $16,000 in debt and struggling to pay for groceries. Here's how she turned her financial life around.
Taxpayers, including those paying tuition fees with FEE-HELP loans, can claim a deduction for self-education expenses that relate to the work they do. But graduates with a HECS-HELP debt can't claim.
The Productivity Commission has proposed tighter regulation to help protect students from rorters in private colleges.
It's estimated 18,000 people will die with unpaid student debt over the next 10 years and, at one point, there was a proposal to recover that money from deceased estates.
When we asked people around the world what sort of financial burden they bore for their higher education, we heard how much it varies from country to country.
“Unfortunately, under your leadership, the Bureau has abandoned the very consumers it is tasked by Congress with protecting,” Frotman wrote to Mick Mulvaney, the bureau’s acting director. “Instead, you have used the Bureau to serve the wishes of the most powerful financial companies in America.”
Among his charges is that the bureau squashed publication of data showing banks are ripping off college students with “legally dubious” debit card fees. People familiar with the situation said that staff had discovered abuses with debit cards, which they said became vehicles for abuse after crackdowns on credit card rules. But the law only mandates that information on credit cards be published, and Mulvaney would not let the report go beyond that.
More than one in 20 people with a higher education debt owe more than $50,000, analysis of tax office data shows.
Many students are struggling financially, according to a new Universities Australia survey conducted by University of Melbourne researchers.
Readers point to a simpler way to pay back loans and avoid ‘soul-crushing debt.’
Vocational education in Australia has been ravaged by a scheme that saw free laptops handed out in return for massive student loans, leaving people disillusioned and burdened with debt.
Almost a third of Americans who take out loans to pay for their education don’t end up getting a diploma.
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The 23-year-old is among current and former university students whose loans will jump in line with inflation from June.
Ellie had an expensive lesson in student debt when she first started at university. Here's what she wishes she knew earlier.
There’s a lot more to picking the right university course to study than just the subject. Making a wrong choice could mute your employment opportunities and even hurt your long-term financial future.
New analysis suggests humanities and communications students will take twice as long as they do now to pay off their HELP debts.
Plans from Bernie Sanders and Elizabeth Warren could have unintended consequences.
The market for master’s degrees behaves in strange and erratic ways, new data reveals.
Start with a goal. Make a plan. Never — ever — lose sight of how powerful interest can be. And look for big money wins. (That doesn’t mean you have to cut out your daily coffee fix.)
The education secretary is working hard to protect the scandal-ridden for-profit education industry from accountability.
The long read: MH Miller left university with a journal full of musings on Virginia Woolf and a vast financial burden. He is one of 44 million US graduates struggling to repay a total of $1.4tn. Were they right to believe their education was ‘priceless’?
On 1 July the threshold falls by more than $10,000, so if you earn at least $45,000 you’ll start repaying your loan
The saga of Drew Cloud reveals just how badly those with debt want reliable information.
With HELP debt likely to increase to A$75 billion in 2020, research from the US shows offering students financial literacy courses may be a gentler way to combat student debt.
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Scoop.it!
