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Student Loans In The United States
In the United States, student loans are a form of Student financial aid (United States), financial aid intended to help students access higher education. In 2018, 70 percent of higher education graduates had used loans to cover some or all of their expenses. With notable exceptions, student loans must be repaid, in contrast to other forms of financial aid such as scholarships and bursary, bursaries which are not repaid, and Grant (money), grants, which rarely have to be repaid. Student loans may be discharged through bankruptcy, but this is difficult. Research shows that access to student loans increases credit-constrained students' degree completion and later-life earnings while having no impact on overall debt. Student loan debt has proliferated since 2006, totaling $1.73 trillion by July 2021. In 2019, students who borrowed to complete a bachelor's degree had about $30,000 of debt upon graduation. Almost half of all loans are for graduate school, typically in much higher a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Total US Household Debt And Its Composition Over Time
Total may refer to: Mathematics * Total, the summation of a set of numbers * Total order, a partial order without incomparable pairs * Total relation, which may also mean ** connected relation (a binary relation in which any two elements are comparable). * Total function, a partial function that is also a total relation Business * TotalEnergies, a French petroleum company, formerly known as Total * Total (cereal), a food brand by General Mills * Total, a brand of strained yogurt made by Fage * Total, a database management system marketed by Cincom Systems * Total Linhas Aéreas, a Brazilian airline * Total, a line of dental products by Colgate (toothpaste), Colgate Music and culture * Total (group), an American R&B girl group * ''Total: From Joy Division to New Order'', a compilation album * Total (Sebastian album), ''Total'' (Sebastian album) * Total (Total album), ''Total'' (Total album) * Total (Teenage Bottlerocket album), ''Total'' (Teenage Bottlerocket album) * Total (Seig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capella University
Capella University is a private for-profit, online university headquartered in Minneapolis, Minnesota. The school is owned by the publicly traded Strategic Education, Inc. Capella has 47 degree programs with over 1,600 courses. Approximately 41,401 students are enrolled from all 50 states and 51 other countries, with 18 percent enrolled in doctoral programs, 45 percent enrolled in master's programs, and 35 percent enrolled in bachelor's programs. History Capella University was established as The Graduate School of America by Dr. Harold Abel and Stephen Shank in 1993. Shank was the former CEO of Tonka. Abel, formerly the president of Castleton State College, Central Michigan University, and Walden University, became the first president of the institution. In 1997, Capella University received regional accreditation. Two years later the parent company and university were renamed Capella Education Company and Capella University, respectively. In 2000, Capella began to offer ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Obama Administration
Barack Obama's tenure as the 44th president of the United States began with his first inauguration on January 20, 2009, and ended on January 20, 2017. Obama, a Democrat from Illinois, took office following his victory over Republican nominee John McCain in the 2008 presidential election. Four years later, in the 2012 presidential election, he defeated Republican nominee Mitt Romney, to win re-election. Alongside Obama's presidency, the Democratic Party also held their majorities in the House of Representatives under Speaker Nancy Pelosi and the Senate under Senate Majority Leader Harry Reid during the 111th U.S. Congress. Obama is the first African American president, the first multiracial president, the first non-white president, and the first president born in Hawaii. Obama was succeeded by Republican Donald Trump, who won the 2016 presidential election against Obama's preferred successor, Hillary Clinton. Historians and political scientists rank him among the upper tie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Student Aid And Fiscal Responsibility Act
The Student Aid and Fiscal Responsibility Act of 2009 (SAFRA; ) is a bill introduced in the U.S. House of Representatives of the 111th United States Congress by Congressman George Miller that would expand federal Pell Grants to a maximum of $5,500 in 2010 and tie increases in Pell Grant maximum values to annual increases in the Consumer Price Index plus 1%. It would also end the practice of federally subsidized private loans, using all federal student loan funding for Direct Loans and potentially cutting the federal deficit by $87 billion over 10 years. On September 17, 2009, the House approved the bill by a 253-171 margin. On March 18, 2010, the text of this act was included as a rider on the Health Care and Education Reconciliation Act of 2010, signed into law on March 30, 2010, by President Obama as an amendment to the Patient Protection and Affordable Care Act A patient is any recipient of health care services that are performed by healthcare professionals. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Card Debt
Credit card debt results when a client of a credit card company purchases an item or service through the card system. Debt grows through the accrual of interest and penalties when the consumer fails to repay the company for the money they have spent. If the debt is not paid on time, the company will charge a late-payment penalty and report the late payment to credit rating agencies. Late payment is sometimes referred to as " default". The late-payment penalty increases the customer's total debt. A customer's interest rate may be significantly increased as a result of them missing multiple payments. The penalty Annual percentage rate (APR) varies between card-issuing companies and is usually disclosed in literature at the time of a credit card application, and also on a paper notification that is sent with the credit card to the customer's residence. Research shows people with credit card debt are more likely than others to forgo medical care than others and that the likelih ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Higher Education Opportunity Act Of 2008
The Higher Education Act of 1965 (HEA) () was legislation signed into United States law on November 8, 1965, as part of President Lyndon Johnson's Great Society domestic agenda. Johnson chose Texas State University (then called " Southwest Texas State College"), his alma mater, as the signing site. The law was intended "to strengthen the educational resources of our colleges and universities and to provide financial assistance for students in postsecondary and higher education". It increased federal money given to universities, created scholarships, gave low-interest loans for students, and established a National Teachers Corps. The "financial assistance for students" is covered in Title IV of the HEA. The Higher Education Act of 1965 was reauthorized in 1968, 1972, 1976, 1980, 1986, 1992, 1998, and 2008. The current authorization for the programs in the Higher Education Act expired at the end of 2013 but has been extended through various temporary measures since 2014. Before ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Department Of Education
The United States Department of Education is a cabinet-level department of the United States government, originating in 1980. The department began operating on May 4, 1980, having been created after the Department of Health, Education, and Welfare was split into the Department of Education and the Department of Health and Human Services by the Department of Education Organization Act, which President Jimmy Carter signed into law on October 17, 1979. An earlier iteration was formed in 1867 but was quickly demoted to the Office of Education a year later. Its official abbreviation is ED ("DOE" refers to the United States Department of Energy) but is also abbreviated informally as "DoEd". The Department of Education is administered by the United States secretary of education. In 2021 it had more than 4,000 employees – the smallest staff of the Cabinet agencies – and a 2024 budget of $268 billion, up from $14 billion when it was established in 1979. In 2025, the departme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sallie Mae
SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. corporation that provides consumer banking. Its nature has changed dramatically since it was set up in the early 1970s; initially a government entity that serviced federal education loans, it then became private and began offering private student loans. The company's primary business is creating, servicing, and collecting private education loans. The company also provides online tools and resources for college planning. Sallie Mae previously originated federally guaranteed student loans under the Federal Family Education Loan Program (FFELP) and worked as a servicer and collector of federal student loans on behalf of the Department of Education. The company now offers private education loans and manages more than $12.97 billion in assets. On April 30, 2014, Sallie Mae spun off its loan servicing operation and most of its loan portfolio into a separate, p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of North Dakota
The Bank of North Dakota (BND) is a State-owned enterprise, state-owned, state-run financial institution based in Bismarck, North Dakota, Bismarck, North Dakota. It is the only government-owned general-service bank in the United States. It is the legal depository for all state funds in North Dakota, and uses these deposits to fund Economic development, development, Agriculture in North Dakota, agriculture, and small businesses. The bank was established in the early 20th century to promote agriculture, commerce, and industry in the state. It has received praise and media attention in the wake of the 2008 financial crisis, and for their actions during the Economic impact of the COVID-19 pandemic in the United States, COVID-19 pandemic. According to available data, the bank has turned a profit every year since its founding. The BND has a favorable reputation among North Dakotans. Other states have tried to replicate the BND elsewhere, but have been limited by Gridlock (politics), p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Higher Education Act Of 1965
The Higher Education Act of 1965 (HEA) () was legislation signed into Law of the United States, United States law on November 8, 1965, as part of President Lyndon Johnson's Great Society domestic agenda. Johnson chose Texas State University (then called "Texas State University#Name changes, Southwest Texas State College"), his alma mater, as the signing site. The law was intended "to strengthen the educational resources of our colleges and universities and to provide financial assistance for students in postsecondary and higher education". It increased federal money given to universities, created scholarships, gave low-interest loans for students, and established a National Teachers Corps. The "financial assistance for students" is covered in Title IV of the HEA. The Higher Education Act of 1965 was reauthorized in 1968, 1972, 1976, 1980, 1986, 1992, 1998, and 2008. The current authorization for the programs in the Higher Education Act expired at the end of 2013 but has been ex ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sputnik
Sputnik 1 (, , ''Satellite 1''), sometimes referred to as simply Sputnik, was the first artificial Earth satellite. It was launched into an elliptical low Earth orbit by the Soviet Union on 4 October 1957 as part of the Soviet space program. It sent a radio signal back to Earth for three weeks before its three silver-zinc batteries became depleted. Aerodynamic drag caused it to fall back into the atmosphere on 4 January 1958. It was a polished metal sphere in diameter with four external radio antennas to broadcast radio pulses. Its radio signal was easily detectable by amateur radio operators, and the 65° orbital inclination made its flight path cover virtually the entire inhabited Earth. The satellite's success was unanticipated by the United States. This precipitated the American Sputnik crisis and triggered the Space Race. The launch was the beginning of a new era of political, military, technological, and scientific developments. The word ''sputnik'' is Russian for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Soviet Union
The Union of Soviet Socialist Republics. (USSR), commonly known as the Soviet Union, was a List of former transcontinental countries#Since 1700, transcontinental country that spanned much of Eurasia from 1922 until Dissolution of the Soviet Union, it dissolved in 1991. During its existence, it was the list of countries and dependencies by area, largest country by area, extending across Time in Russia, eleven time zones and sharing Geography of the Soviet Union#Borders and neighbors, borders with twelve countries, and the List of countries and dependencies by population, third-most populous country. An overall successor to the Russian Empire, it was nominally organized as a federal union of Republics of the Soviet Union, national republics, the largest and most populous of which was the Russian SFSR. In practice, Government of the Soviet Union, its government and Economy of the Soviet Union, economy were Soviet-type economic planning, highly centralized. As a one-party state go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
