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Public servants confused about the future of loan forgiveness they’ve been counting on

For years, student loan borrower advocates and concerned borrowers themselves have sounded the alarm over the future of a government program offering student loan forgiveness for public servants.

The Investigators: Government finds deadbeat doctors defaulting on student loans

NEW YORK (WABC) -- The government calls them deadbeat, local doctors and dentists living a life of luxury despite owing millions in student loans.

Many of the loans are from decades ago, but still haven't been paid back, hurting you the taxpayer.

They live in fancy houses, drive expensive cars, and according to the government, owe taxpayers hundreds of thousands of dollars.

"You owe almost $700,000?" Eyewitness News Investigative Reporter Jim Hoffer said.

Why paying for college tuition can destroy your retirement

Over the years I have seen many retirement plans ruined, simply because substantial amounts of investment dollars, originally allocated for retirement, were used to pay for college education.

Student loan debt: Why employers may want to help payoff college loans

Employers eager to recruit and retain skilled workers in a tight labor

market have about 1.34 trillion reasons to expand their benefits

package to include assistance in helping employees repay their

student loans.

New work perk: Paying off student

loans  2:52 PM ET Thu, 14 July 2016 | 01:53


2/18/2019 Student loan debt: Whyemployers maywant to help payoff college loans

14 Tuition-Free Colleges

Some schools don't charge tuition.

Want to go to college but wish you could avoid tuition? It's possible. Schools throughout the country offer free tuition to admitted students. But read the fine print. Students may have to hail from a certain state or region or come from a low-income background. Some schools require on-campus work or service after graduation.

Updated on Sept. 10, 2018: This list has been updated to reflect information for the 2018-2019 school year.

99.5% Of People Are Rejected For Student Loan Forgiveness Program

It looks like things haven't improved much for student loan borrowers: 99.5% of people who applied for public service loan forgiveness have been rejected.

Here's what you need to know and what to do about it.

Student Loan Forgiveness: Debt Statistics

The U.S. Department of Education released the latest statistics for public service loan forgiveness:

As of September 30, 2018, 41,221 student loan borrowers submitted 49,669 applications for public service loan forgiveness.

Of that total, approximately 44,700 applications have been processed.

Student debt is depleting rural America

College students from rural areas are moving to big cities for higher wages to help pay off their student loans, according to new research from the Federal Reserve.

Why it matters: A "rural brain drain" has been pulling college-educated people out of rural America and into urban areas, deepening an educational and political divide that is increasingly coming to define the country.

Top 25 Highest Paying Majors (Hint: Get a Degree in Engineering!)

There's nothing wrong with earning a college degree that will actually help you make money. For students who are interested in earning a good salary without pursuing a graduate degree a major from this list is a good place to start.

Which Majors Lead to the Most Well-Paid Jobs? Examining the Long Game

In our report on the Top 25 Highest Paying Majors, we found that the list was dominated by engineering majors. However, this list was based on entry-level salaries, or how much these undergraduate majors earn for their first job right out of college.

A high entry-level salary, however, does not always equate to the best-paying job at the mid-career level. Why? For one reason, some jobs have caps in place that limit how much you can make without going on to get a master’s or Ph.D.

“What I would like to do... once I take care of all my kids' student loans, is buy a red 1965 Mustang and fully restore it.”
– Mike Quigley
"Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans."
– Robert Reich
"Nothing in life is to be feared. It is only to be understood."
– Marie Curie
The road to success is always under construction
– Lily Tomlin
"If we don't change direction soon, we'll end up where we're going."
– Irwin "Professor" Corey
"There is scarcely anything that drags a person down like debt."
– P. T. Barnum
“This would be a much better world if more married couples were as deeply in love as they are in debt.”
– Earl Wilson