Author: Drew Cloud

Student Loan Debt Per Graduate Overall Rankings 2017

Earlier this year, The Student Loan Report published a report detailing which colleges, broken down by state, graduated students with the least student loan debt on average. This is a follow up on that report, taking a different angle this time around.Instead of looking at individual states, we decided to look at the whole picture, or the whole country.Below, we ranked all of the colleges in the United States according to average student loan debt per graduate, highlighting which colleges offer the more affordable and advantageous programs from a financial viewpoint. Furthermore, we broke the data out according to...

Read More

Colleges That Offer the Most Creative Arts Scholarship Aid

College can be an expensive place to learn, but it’s an essential pit stop for many students with career aspirations. With that being said, many students are forced to find financial aid if they’re going to pay for tuition. This often leads people to take out student loans during college which contributes to the glaring problem that is student debt today.However, student loans aren’t the only option for students who need financial aid. Scholarships are an extremely useful option to those who need to pay for higher education. The scholarship industry represents billions in free funding, and they are...

Read More

Betsy DeVos Breaks Headlines, Suggesting Student Loan Subsidization Paid for ACA

Education Secretary Betsy DeVos at the Conservative Political Action Conference (CPAC) in Maryland during 2017.In a recent Politico interview covered by The Chronicle of Higher Education, Secretary of Education Betsy DeVos suggested that the government took control of student loans largely as a way to pay for the Affordable Care Act. Needless to say, Sec. DeVos is under fire for the comment, but her saving grace is this was just a suggestion.DeVos was responding to a reporter who asked a question about his six percent student loan interest rate; he compared the rate to his auto loan rate which...

Read More

New Tax Bill Spells Bad News for Student Loan Interest Tax Deduction

Last Thursday, Republican leaders unveiled a new bill titled the Tax Cuts and Jobs Act. This plan proposes several major overhauls to the U.S. tax code, including eliminating a number of interest deductions. If the bill goes forward, one of the deductions that may be cut is the student loan interest deduction, affecting millions of student borrowers in repayment.According to the Joint Committee on Taxation, this deduction costs the federal government roughly $2.4 billion a year. Under the current tax plan, individuals can deduct a maximum of $2,500 of interest paid toward private or federal student loans. This deduction...

Read More

UK Government Looks to Sell Student Loans Once Again

The UK government announced its plans to resume the sale of roughly £3.7 billion in student loan debt by the end of the year. While this means the debt will most likely be transferred to private companies, the government assured borrowers they won’t be affected by the sale.Universities Minister Jo Johnson said that the terms and conditions will remain the same for borrowers after the sale, including for those whose loans are a part of the sale. He added that repayments will continue to be collected and administered by the Student Loans Company.This sale will involve education loans that...

Read More