Everything you need to know about student debt

20 Cards

CURATED BY Libby Nelson

2014-06-08 17:43:09 -0400

  1. What is a student loan?
  2. How much student debt is out there?
  3. How much debt does the average student have?
  4. Why has student debt increased so much?
  5. 47 states spend less on college students than they did in 2008
  6. What kinds of student loans are there?
  7. How are federal student loan interest rates calculated?
  8. What colleges have the most student debt?
  9. What happens if you don’t pay back a student loan?
  10. How many people aren't paying back their student loans?
  11. Why can't student loans be discharged in bankruptcy?
  12. What is income-based student loan repayment?
  13. What effect does student debt have on the economy?
  14. Does the government make money on student loans?
  15. What's the case for student debt?
  16. What are some proposals for reducing student debt?
  17. You didn't answer my question!
  18. Where can I learn more about student debt?
  19. How have these cards changed?
  20. 10 colleges that leave parents with the most debt
  1. Card 1 of 20

    What is a student loan?

    A student loan is money that banks or the federal government lend to students or parents to pay for higher education. Student loans can be used to pay tuition, fees and room and board, and they can also be used for living expenses and books. Student debt refers to the total amount of outstanding student loans from students, graduates, and dropouts.

    The majority of students — more than 70 percent of all bachelor's degree recipients — now borrow money to pay for college, a higher proportion than ever. Those students owe $29,400 on average at graduation. Student debt drew public attention and concern as the recession hit and graduates fell behind on their loans. There's now a growing consensus among economists that student debt is a drag on the economy, too, because indebted graduates and dropouts have less money to spend on other things.

    The federal government has by far the largest share of the student loan market. Until 2010, the federal government lent money to students by guaranteeing and subsidizing loans from banks like Sallie Mae. In 2010, the Education Department cut out the middleman and became the sole student lender.

  2. Card 2 of 20

    How much student debt is out there?

  3. Card 3 of 20

    How much debt does the average student have?

  4. Card 4 of 20

    Why has student debt increased so much?

  5. Card 5 of 20

    47 states spend less on college students than they did in 2008

  6. Card 6 of 20

    What kinds of student loans are there?

  7. Card 7 of 20

    How are federal student loan interest rates calculated?

  8. Card 8 of 20

    What colleges have the most student debt?

  9. Card 9 of 20

    What happens if you don’t pay back a student loan?

  10. Card 10 of 20

    How many people aren't paying back their student loans?

  11. Card 11 of 20

    Why can't student loans be discharged in bankruptcy?

  12. Card 12 of 20

    What is income-based student loan repayment?

  13. Card 13 of 20

    What effect does student debt have on the economy?

  14. Card 14 of 20

    Does the government make money on student loans?

  15. Card 15 of 20

    What's the case for student debt?

  16. Card 16 of 20

    What are some proposals for reducing student debt?

  17. Card 17 of 20

    You didn't answer my question!

  18. Card 18 of 20

    Where can I learn more about student debt?

  19. Card 19 of 20

    How have these cards changed?

  20. Card 20 of 20

    10 colleges that leave parents with the most debt

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