The real college crisis: Student debt drags down economy.
Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.WASHINGTON — The college admissions scandal may have driven the conversation about higher education this week, but away from the headlines the far bigger story is student loan debt and what it is doing to a generation of Americans.
Homeownership fell across all age groups by about 4 percentage points, but the millennial drop was much steeper. . That looks very similar to the numbers for Generation X, who carry $39,000 in debt on average, and Baby Boomers who hold about $36,000 in debt, according to the study. Millennials have almost the same amount of debt, in dollar terms, as their older generational counterparts.
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First lawsuits filed by students at elite schools in wake of college admissions scandalThe first lawsuits targeting elite universities and individuals charged by federal prosecutors in a sweeping college admissions scandal were filed by students and a parent in California.
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Spurned students sue U.S. colleges in admissions scandalThe U.S. college admissions scandal that erupted this week has spawned lawsuits ...
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White House Might Put Colleges on the Hook for Student LoansThe Trump administration is weighing a measure that would require colleges and universities to take a financial stake in their students’ ability to repay government loans
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Marco Rubio, Elizabeth Warren look to stop states from suspending professional licenses over student loan debtThe bipartisan bill pushes back against states that suspend the professional licenses of workers who can't pay back their student loans.
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2 Stanford students file class action lawsuit in college admissions caseIn the wake of the college admissions scandal, two Stanford University students are filing a class action lawsuit against several institutions for being treated unfairly during the admissions process. The students allege that they were denied from certain schools because of the cheating and bribery scandal.
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As debt climbs in US, the next financial crisis you should worry about is your ownWhat are the odds that you're facing your own personal financial fallout? Consumer debt hit $4 trillion – the largest amount ever – at end of 2018.
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Two Stanford Students Are Suing Schools Involved In The College Admissions ScamErica Olsen and Kalea Woods are seeking punitive and compensatory damages, as well as compensation for the $80 application fee to apply to Yale University.
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