SDCC is a 501(c)(3) nonprofit organization centering the needs and voices of borrowers to end the student debt crisis.
The student loan debt crisis revisited: For-profits come to the forefrontLeighton A. Hunley
In March, the Trump administration temporarily suspended federal debt repayments in response to the COVID-19 pandemic. The pause is scheduled to end on December 31, leaving Biden, who promised to fix the crisis on the campaign trail, with the choice to either continue Trump's...
There is a higher education crisis in America, but cancelling existing student debt will not solve it. Our education system is failing to prepare students for the jobs that need to be filled and doing it in a way where the investment is worth the return for the individual. The states are...
People are looking for debt relief, but they don't know where to get help. That enables companies to charge them for something they could do on their own for free. And while that's not illegal, it is against the law to make false claims about the nature of the service or lie about...
The student debt crisis is still present, despite pandemic delays Most Americans see college as excessively expensive, but it wasn't always that way. Over the last decade, the cost of attending a four-year public college or university has grown significantly faster than income. ...
There’s an uncomfortable situation we need to look at in this country: the student loan crisis. This debt disaster has become way too serious to ignore—and it’s affecting the lives of millions. Right now, the total amount of student loan debt in the U.S. is over $1.6 trillion.1 ...
The student debt crisis is the direct result of this failed experiment.” 56. See Byttebier (2018), p. 13 et seq. See also Byttebier (2017). 57. On this process, see Byttebier (2017), p. 21 a.f., with further references. The notion “bank” is the one still commonly used in ...
When comparing student loan debt to the Great Financial Crisis, it's important to remember thatmortgage-backed securities (MBS)based onsubprime mortgagesand the swaps derived from them are considered one of the main culprits of the collapse. A housing boom in the years that led up to the cra...
Student loan debt impacts your ability to get business loans to start a new venture, as it increases yourdebt-to-income (DTI) ratio. When you have to pay a student loan each month, you also have less cash to invest in your business.4 Lower Rates of Homeownership The drop-off in homeow...