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Tag: student

Here's how $50,000 in student debt becomes nearly $100,000

Here's how $50,000 in student debt becomes nearly $100,000

Finance
How much people borrow to attend college can become just a small share of what they wind up owing. Currently, fewer than a quarter of student loan borrowers are repaying their principal, or the amount they originally took out, according to recent remarks made by Education Secretary Betsy DeVos at a conference on financial aid. That's because their monthly payments are just going to the interest accumulating on their debt or they're not paying anything right now. In the meantime, their debt is likely growing. ...
Here are the colleges doing away with student loans, by state

Here are the colleges doing away with student loans, by state

Finance
Americans leave college today with more debt than ever before. Some schools are trying to reverse the trend by instituting a no-loans policy. Most recently, Michael Bloomberg, the former mayor of New York City, announced he would give $ 1.8 billion to his alma mater, John Hopkins University, so that the college can substitute loans for scholarship grants. "It will ease the burden of debt for many graduates," Bloomberg wrote in an Op-Ed for the New York Times. Student debt burdens Americans more than auto or credit card debt. The average graduate leaves school $ 30,000 in the red, up from $ 10,000 in the early 1990s. ...
Student borrowers battling cancer can now postpone their payments

Student borrowers battling cancer can now postpone their payments

Finance
Student loan borrowers with cancer can now pause their payments. Under the rule, included in a recent bipartisan congressional spending package, borrowers are exempt from student loan payments throughout their treatment for cancer and then for six months afterward. Additionally, interest will not accrue during the postponement. Some cancer patients can rack up an extra $ 45,000 in student debt during their treatments, according to Critical Mass: The Young Adult Cancer Alliance. "Cancer patients should not have to worry about their student loan payment...
US student detained in Israel for alleged boycott support

US student detained in Israel for alleged boycott support

World
In a groundbreaking case, Israel has detained an American graduate student at its international airport for the past week, accusing her of supporting a Palestinian-led boycott campaign against the Jewish state. The case highlights Israel's concerns about the boycott movement and the great efforts it has made to stop it. The grassroots campaign has made significant inroads in recent years, particularly among university students and millennials. Lara Alqasem, a 22-year-old U.S. citizen with Palestinian grandparents, landed at Ben-Gurion Airport last Tuesday with a valid student visa. But she was barred from entering the country and ordered deported, based on suspicions she is a boycott supporter. An Israeli court has ordered that she remain in custody while she appeals. The weeklong detent...