Student Loans Overview
CRL Senior Researcher Sonia Garrison covers the key findings of the "Student Loans" chapter in State of Lending.
Student loans create debt burdens that impact families for generations. Black Americans in general, and Black and Latina women in particular -- often are forced to take on more college debt than their white counterparts in pursuit of the American Dream. The student debt burden is felt most acutely by attendees of Historically Black Colleges and Universities. CRL successfully led a coalition of advocates that achieved substantial student debt cancellation in 2022. We continue to advocate for higher education policies to protect student loan borrowers and their parents from falling into a cycle of debt that keeps them from engaging in wealth-building activities.
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Federal versus Private Student Loans [Infographic]
Student loans can help you pay for college, but they're not all alike. This infographic shows the different features of federal vs. private loans. Read the Chapter To embed our infographic to your site, simply cut and paste the code below http://qa.crl.w.lmdagency.net/state-lending/student-loans" data-mce-href="http://www.responsiblelending.org/state-of-lending/student-loans/federa…"><img alt="Federal vs. Private Student Loans - Infographic" src="http://www.responsiblelending.org/state-of-lending/images/student-loan-… " title="Federal vs. Private Student Loans - Infographic"...
The State of Lending: Student Loans
Income and employment opportunities are important for wealth-building and financial well-being, and a college education is critical in today's competitive job market. But post-secondary education has never been more expensive, and most U.S. families rely on student loans to help finance a college education. In the U.S., total student loan debt now exceeds $1 trillion and nearly one in five...