Student Loans, College Tuition | featured news

We thought we’d dodged a bullet. When the Consumer Financial Protection Bureau announced that student loan debt had passed the $1 trillion mark my first thought was one of relief since our last child is graduating from college next month. Even though his tuition has almost doubled during his tenure as a student at the University of California, we were fortunate that he will be able to graduate without student loan debt. That may change in the future if he decides to complete a graduate degree, but my husband and I wiped our brows with a collective sigh of relief.

Big changes in the student loan program will help make college more affordable for students and their debt load more manageable ...

The measure ends billions of dollars in subsidies paid to commercial banks for making federally backed student loans in which they bore almost no risk, and expands direct federal loans to students instead.