by Tatum Pugh | Apr 12, 2016 | Insights
The ongoing student debt crisis is a complex issue resulting from many social and economic developments in the past few decades. Student debt has been increasing rapidly since 2000, from less than 250 billion to over 1.3 trillion today — and showing no signs of...
by Tatum Pugh | Apr 6, 2016 | Press Room
What is the social cost of the student debt crisis? A recent article in Crain’s Chicago Business explores this topic by looking into the lives of those most affected by it. It looks at people like Carolyn Raleigh, a new mother whose debt taken on a life of its...
by Tatum Pugh | Apr 4, 2016 | Insights
Aside from mortgages, what is the most common source of debt in the US? No, it’s not credit card debt, nor is it auto loan debt. You may have guessed from the title of this post, it’s student loan debt, which now totals over 1.3 trillion dollars in the...
by Tatum Pugh | Mar 17, 2016 | Insights
According to a recent article in TIME magazine, more than 25 percent of students with debt are graduating with way too much of it. And it concludes the consequences of this debt could be lifelong, and postpone major life events like financial independence and...
by Tatum Pugh | Mar 15, 2016 | Insights
Did you know that the average B.A. graduate is saddled with over $29,000 in debt at graduation? Or that without employer contribution or refinancing, an undergraduate degree holder with an average debt and payment plan will wind up paying almost $10,000 in just...
by Tatum Pugh | Mar 14, 2016 | Insights
Here’s a not-so-fun fact: 7 in 10 graduates of non-profit colleges enter the workforce with an average of almost $29,000 of debt. In Illinois alone, this accounts for 67% of 4-year graduates. This, and many more interesting statistics about student debt and...
