The Consumer Financial Protection Bureau announced this week that the amount Americans owe on student loans is far higher than previously thought, and U.S. officials warned that high levels of debt could lead to more home foreclosures for struggling homeowners.
The total amount of student debt apparently passed the $1 trillion mark late in 2011, according [...]

The amount of debt held by consumers increased last month, which defied experts’ predictions that Americans were refusing to take on more credit.
According to a report in the Wall Street Journal, the total amount of consumer credit increased by more than $7 billion last month.
The news means that more American may be filing bankruptcy in [...]

New legislative changes at the federal level promise to provide students with college debt some relief. Many students, however, are skeptical that the changes will help a class of people that collectively owes more than a trillion dollars in student debt.
Another option, of course is filing for bankruptcy. Bankruptcy laws only allow the discharge of [...]

As any recent college graduate can tell you, it can cost serious money to attend college in the U.S. these days. And despite the recession and tightened lending standards in many markets, institutions offering student loans have shown little sign of slackening the pace at which they offer money to young scholars.
One reason for this [...]

The New York Times reported last week that student loan debt has risen again in the U.S. – apparently, those who graduated in 2009 had an average of $24,000 in student loan debt, up six percent from the amount for 2008’s grads.
The numbers come from a group called the Project for Student Debt, which collects [...]

Employers will need more college-educated employees
A recent study out of Georgetown University predicts that, when the economy returns to stability and hiring picks up again, employers will need more college-educated employees than are available. The deficit of adequately educated employees could average 300,000 a year in the coming decade.
To meet the increasing need for higher [...]

There’s been a fair amount of news coverage in recent months about the perils of heavy student debt. It’s a serious burden for many college-educated Americans for three major reasons:

first, the price of college has risen significantly in recent years
second, lenders tend of offer student loans freely, which means they can build up fast
third, student [...]

Since the beginning of the Great Recession and the havoc it has wreaked on employment, the stock market and the American economy in general, most people have heard of subprime mortgages, which touched off most of the financial turmoil. But, as the New York Times reports, there’s another subprime crisis still going on.
The Staggering Cost [...]

The Supreme Court ruled this week that creditors cannot collect debts that have been marked “paid in full” and discharged by a bankruptcy court, as long as the creditors were given adequate notice of the payment plan in question.
The Bankruptcy Case
The case in question involves a man who was looking to reorganize his debts by [...]

On December 1st, the U.S. Supreme Court heard a case involving student loans and court deadlines in bankruptcy filings. The ruling on the case could be significant for filers of both Chapter 7 and Chapter 13 bankruptcy.
Background: Student Loans in Bankruptcy
Student loans are one of the few types of financial obligations (along with child support [...]

The majority of college students graduate without ever taking out a loan, a new survey from Sallie Mae and Gallup reveals.
The survey of 1,600 families and titled How America Pays for College found that 58% of American families fund their students’ higher education without federal or private student loans, down from 61% last year.
Borrowing Statistics
The [...]