This week’s cover of TIME focuses on the millennial generation, or as cover story author Joel Stein calls them, ‘The New Greatest Generation.’
Read a preview here.
(Photograph by Andrew B. Myers for TIME)
This week’s cover of TIME focuses on the millennial generation, or as cover story author Joel Stein calls them, ‘The New Greatest Generation.’
Read a preview here.
(Photograph by Andrew B. Myers for TIME)
Women aren’t the only ones who face larger barriers to repaying student debt. Statistics released by Campus Progress and the Center for American Progress in a 2012 report, “The Student Debt Crisis,” demonstrate how much heavier the student debt burden is for minorities.
The report states that 27 percent of black bachelor’s degree holders had more than $30,500 in loans, compared with 16 percent of white bachelor’s degree holders. More black students who left school without finishing a degree cited student debt as the reason than their white peers – 69 percent versus 43 percent – and 74 percent of Latinos who opted out of attending college cited finances as the reason, the report states.
There are several factors that create these discrepancies. A higher percentage of minority students graduate with student loan debt than their white peers and – as the report points out – have higher rates of unemployment, affecting their repayment power.
How Student Debt Affects Women, Minorities | U.S. News And World Report
Find out more on what we’re doing to tackle the student debt crisis at itsourinterest.org
The immigration reform bill proposed by the bi-partisan group of senators dubbed the “Gang of Eight,” which creates a 13 year path to citizenship for all qualified undocumented immigrants living in the U.S. today., is a step in the right direction to fixing the broken immigration system but as immigration advocates and experts pointed out on a press call Wednesday not everyone is covered. READ MORE
The Affordable Care Act recently celebrate its third anniversary. Associate Editor Naima Ramos-Chapman sits down with Shalini Pammal for a refresher on what the historic legislation means for young people, and what provisions we have to look forward to as the law is fully implemented in 2014.
Employee Non-Discrimination Act Must Be Passed
Winnie Stachelberg on The Daily Beast
U.S. financial regulators to warn about student debt risks
April 25, 2013The panel of senior U.S. regulators charged with safeguarding the financial system will warn this week about risks posed by the rapidly growing amount of student debt, increasing pressure on policymakers to deal with the potential problem.
At roughly $1 trillion and rising, education loans may hamper economic growth and limit home purchases as overly indebted households and young workers cut back on consumption and borrowing, the Financial Stability Oversight Council is poised to warn in its latest annual report, sources familiar with the matter said.
The yearly compendium on financial developments and potential risks to the financial system, prepared by the nine agencies that comprise FSOC, will be made public on Thursday. Student debt will not be presented as an immediate threat to financial stability, these people said, but its mention in the report as a risk is likely to alarm a sector that has been in policymakers’ sights for the past year.
FSOC joins the Federal Reserve’s interest rate-setting panel, the Federal Open Market Committee; the Treasury Department’s Office of Financial Research; the Consumer Financial Protection Bureau; and the Federal Reserve Bank of New York in alerting about the possible danger student debt poses to either financial stability or the broader economy.
Find out what we’re doing to tackle the rising problem of student debt at itsourinterest.org
(via navigatethestream)
Re-blog to support Jason Collins, who has become the first openly gay male athlete playing in a major American team sport!
Jason says he wears jersey #98 to honor Matthew Shepard and The Trevor Project (we were founded in 1998).