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August 25, 2010
by ssmith
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$830 Billion in Student Loans

A strange milestone was marked this week in the history of student loans. The total balance of all outstanding US student loans (given as $730 billion in DIY U, based on OMB estimates) is now estimated by Mark Kantrowitz of Finaid.org at more like $830 billion — $605.6 billion in federally guaranteed student loans, which have interest rates fixed and in some cases interest subsidized by the government, and a further $167.8 billion in private student loans, with interest rates that hover around 18-20%. Furthermore, Kantrowitz says, $300 billion in federal student loan debts have been incurred in the last four years. Continue reading

August 5, 2010
by ssmith
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IHE on Online Ed at UC

California Dreamer August 3, 2010 Much of the news surrounding the University of California system has involved whether the network of universities will be able to survive its current budgetary crisis without shrinking in size or quality. In that context, … Continue reading