Sentences with phrase «education debt caused»

Statistics from the New York Federal Reserve bear out the trend: Those over the age of 40 account for 35 % of education debt caused by longer repayment schedules, returning to school for advanced degrees and additional borrowing for children's education.

The survey by Lendedu builds on a report from American Student Assistance that found education debt causes borrowers to put off marriage, starting a family and saving for retirement.

Not exact matches

Worries about debt cause untold numbers of students to pursue safer, but limited career paths, or even skip higher education entirely.

However, such research also shows that the incomes education - indebted households quickly fall behind their peers without education debt, likely because the need for indebted households to make consistent monthly payments on their debt causes them to lack the job flexibility and mobility enjoyed by debt - free households.

Massive pension debt crowds out other education funding, and in some cities, has forced reductions in crucial, basic public services, or caused large tax increases.

They didn't cause your debt problems so they shouldn't suffer unduly when it comes to their education.

While all courts are different, many use this test to determine if requiring a consumer to continue to be responsible for an education debt would cause him or her undue hardship.

Lack of education is the primary cause of credit card debt in America.

The combination of decreasing public funding for higher education, spiking tuition rates and the rise of for - profit colleges «should cause policymakers to give people back the ability to have bankruptcy courts treat their student debts like any other debt,» Kelleher said.

However, this figure is an underestimate of debt caused by higher education, because for many families, home equity loans and credit cards have become an important part of financing college.