student debt

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How I Afforded Duke by Living in a Van
 How I Afforded 
 Duke by Living in a Van 
24/7 RAMEN
Dec 7, 2009 12:26 PM CST

How I Afforded Duke by Living in a Van

One grad student's experiment with 'radical living'

(Newser) - Ken Ilgunas wanted to go to grad school without going into debt, so he bought a 1994 Ford Econoline van and a parking sticker, and called it home. He lived on frugal meals cooked on a camping stove, showered at the gym, used a sleeping bag for heat. To some,...

Student Borrowing Soars 25% to Record Levels

Students' fed loans jump 25% from previous year

(Newser) - Some two-thirds of students borrow for college today, and they’re borrowing more than ever: For the 2008-2009 school year, the federal government loaned students $75.1 billion—25% more than the year before. That’s the biggest increase on record, the Wall Street Journal reports. The trend has troubling...

Credit Card Debt Spikes on Campus

(Newser) - College students in 2008 carried an average of $3,173 in credit card debt, a huge jump from 4 years earlier, USA Today reports. A Sallie Mae study, when conducted in 2004, revealed an average balance of just $2,169. When students “can’t get private loans, they turn...

Dear Mom, Dad: Please Send Bailout

Parents face tough choices as debt-ridden kids struggle to find work

(Newser) - The families of many debt-laden college graduates are pondering bailouts of their own as the job market sours, the Wall Street Journal reports. With the average student loan now $22,000, parents of some struggling grads face a tough choice—to let their kids learn a lesson about credit the...

$700B Goes a Long Way in Space&mdash;and on Earth
$700B Goes a Long Way
in Space—and on Earth
ANALYSIS
Oct 5, 2008 6:03 AM CDT

$700B Goes a Long Way in Space—and on Earth

Bailout bucks could fund 7 space stations, pay salaries for 16M teachers

(Newser) - With the Treasury Department now in charge of figuring out what holes to plug with its $700 billion in bailout bucks, the San Francisco Chronicle takes a look at what else that money could do. Some highlights:
  • Hire 16,062,414 public-school teachers.
  • Pay the average weekly wages of 22
...

Credit Crunch Ups Price of College Loans

Federal, private lenders will raise rates, increase rejections

(Newser) - Even as college costs soar, the credit crunch is about to make student loans more expensive—and tougher to come by. Fees for federally guaranteed loans, which offer below-market rates, are expected to rise, and some states have dropped out of the program. At least a dozen private firms have...

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