article thumbnail

$100,000 per Year! Rising College Costs and Student Loans

Discovery College Consulting

In 2016, when my first child started college, Harvey Mudd College in California was the most expensive college in the country, with a total cost of attendance of just over $70,000 per year. By 2016, only 20% was provided by the state, leaving students to make up the remaining 80%. To have a drink of alcohol you have to be 21.

Loans 52
article thumbnail

President Biden’s Complete Track Record on Student Loan Forgiveness

BestColleges

President Joe Biden campaigned on the promise of student loan debt forgiveness, and his first three years in office have offered a mixed bag of successes and failures. That far outpaces any student loan debt forgiveness from any previous administration. Supreme Court decision. million borrowers totaling almost $143.6

Loans 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Student Loan Default Rate: Facts and Statistics

BestColleges

Data Summary Check As of 2022, the three-year student loan default rate was 2.3%. [1] 1] Check The recent student loan default rate is the lowest it's been in years. Note Reference [1] Check At the end of 2021, roughly 3 million people — close to 7% of all student loan borrowers — were in default. [2] billion at the end of 2021.

Loans 52
article thumbnail

ED Ended a Financial Aid Agreement With a For-Profit College. Its Students May Qualify for Loan Forgiveness.

BestColleges

Students at Florida Career College will soon no longer be able to access federal grants and loans. The Department of Education (ED) is cutting off Florida Career College from distributing federal grants and loans to certificate-seeking students later this year. If successful, they may have their loans forgiven this way instead.

Loans 52
article thumbnail

Most College Students Would Feel Angry If SCOTUS Blocks Student Loan Forgiveness

BestColleges

The majority of all college students (65%) support some form of large-scale student loan forgiveness. Support for loan forgiveness is especially high among women (68%) and LGBTQ+ students (75%). Meanwhile, less than one-third (32%) trust the Supreme Court to make the right decision with respect to the proposed loan forgiveness program.

Loans 40
article thumbnail

Average Law School Debt: 9 Statistics Students Should Know

BestColleges

1] Check A little under half (44%) of law students still had undergraduate loans when they started law school in 2018. [2] 3] Check Around 90% of borrowers answered that student loans had some impact on their major life milestone decisions, including buying a house, having children, and getting married.

Loans 59
article thumbnail

Fast Facts: Financial Aid

BestColleges

41% of undergraduate students who were awarded aid received federal student loans during the 2019-2020 academic year. Federal Student Loans. Unlike other forms of financial aid, federal student loans consist of money that is borrowed and must be repaid within a certain period, oftentimes with interest. [9]. Check Circle.