The perplexity of the student loan debt problem in our country resembles riding a roller-coaster. The ups, downs, twists, and turns can certainly leave a head spinning. The one thing that is clear is that Americans have more student loan debt than any other type of debt. According to the U.S. Department of Education, 94% …
The problem with student loans is that they align with the rising cost of education. Because college tuition has increased three-fold in the past forty years, student loans have as well. According to a 2021 Federal Reserve student loan debt report, 26% of student borrowers had other education-related debts besides student loans. Those who have the …
Have you ever wondered what the cost of K-12 public education is in America? According to the National Center for Education Statistics, the average per-student expenditure in public schools is between $5,000 and $15,000. (In Wisconsin, lawmakers estimate $10,000 per student.) Therefore, we can speculate that the average student enrolled in public schools in the …
On behalf of Debt Advisors, S.C. Many former students experiencing financial difficulties must choose between paying for basic living expenses (such as food and rent) and their student loans. They commonly defer their payments to avoid default, but this does not prevent interest from accruing on the loan and increasing the overall balance. As such, …