student loans

We all know that American college education isn't cheap. But it turns out that it's even less cheap if you look at the numbers more closely.

That's what the Wisconsin HOPE Lab did. The lab, part of the University of Wisconsin-Madison, conducted four studies to figure out the true price of college.

To get a sense of student realities, researchers interviewed students on college campuses across the state of Wisconsin. But they also examined 6,604 colleges nationally and compared their costs with regional cost-of-living data from the government.

Americans have about $1.3 trillion in student loan debt. And there's yet another survey out that shows students in this country are confused about their loans, in the dark when it comes to knowing what they've borrowed, uncertain about how to pay them back.

Families often pull together to help finance a college education, with parents and grandparents chipping in or co-signing loans. And now, a SmartMoney report finds the U.S. government withholding money from Social Security recipients who've stopped paying on federal student loans.

It came down to the wire, but finally, Republicans and Democrats agreed on a deal that keeps the interest rate on government-backed student loans from doubling. It will save the average borrower about $1,000 a year, but the compromise is likely to cost students a lot more than that over the long term.

The agreement that lawmakers passed Friday will keep interest rates at 3.4 percent for another year. Anthony DeLaRosa, a 23-year-old University of Colorado graduate, says it's a big victory.

Congressional leaders on Tuesday said they were close to a deal to solve two big issues facing lawmakers — student loan interest rates and federal highway funding.

Both issues with looming deadlines have high stakes for middle-income Americans: If Congress fails to reach agreements by this weekend, the federal highway program would come to a halt, and student loan interest rates would double, to 6.8 percent.

Student Loans

President Obama has been hammering on the issue of student loans for days.

www.campusgrotto.com

Total student loan debt in the United States has reached the $1 trillion mark

Thanks to the down economy, many of the students graduating from college this spring are worried about how they're going to make their loan payments.

On this week's Money Matters, financial commentator Greg Heberlein tells KPLU's Dave Meyer there are a few ways to ease the burden.

FinAid.org

The dark clouds looming over higher education in the nation and Washington may have a silver lining, but so far it’s been hard to find and the recent spate of news has been pretty bad for college students.

We'd love to hear your thoughts on building in a silver lining, but first the details.