student loan

American citizens hold staggering amounts of student debt. But what many may not realize is how much of that financial obligation is owed by people who aren’t borrowing for themselves, but for their kids and grandkids.

Americans over 60 have now amassed over $67 billion in student debt. As reports, the debt has accrued as a result of older Americans borrowing to put the younger members of their families through school.

Chris Nickels / NPR

Americans now hold a staggering $1.3 trillion in student loan debt. And last week, Prairie Public News asked an important question: How did we get here? To get to the bottom of the question, PPN interviewed journalist Lance Williams of The Center for Investigative Reporting. Williams recently co-reported an in-depth piece for the center’s radio show Reveal. Here are some highlights of his responses:

A Ranking of the Best and Worst States for Student Debt

Aug 10, 2015
thisisbossi / Flickr Creative Commons

The online financial site WalletHub has published a list of the best and worst states for student debt. The site compared the 50 states by combining seven key metrics , including average student debt, the state’s unemployment rate, and the percentage of students with past-due loan balances.

Default on student loans, lose your job

Feb 13, 2015

In Oklahoma and Texas, under state law, some workers could lose their jobs if they don’t repay their college loans.

Professionals in at least 22 states can lose the licensure required to do their jobs if they fall into default on their student loans, according to labor and worker’s rights advocacy group Jobs With Justice.

WT grads have significantly less student debt

Jul 17, 2014

The WT graduating class of 2012 entered the job market with better prospects and significantly less student loan debt.  The Amarillo Globe-News reported the average WT grad had student loan debt of $19,774 compared to the national average of $29,400.