From This Collection
For the first time in the U.S., student loans have overtaken credit card debt. That means Americans owe more to private student lenders and the federal government than they do to their credit card companies. Amy Scott explains why that isn't necessarily a bad thing.
Right now, most college graduates must spend 15 percent of their disposable income paying off their federal student loans monthly for up to 25 years. But one of President Obama's new initiatives could help relieve that burden. Caitlan Carroll explains.
New figures show students who attend for-profit colleges default at much higher rates than those at nonprofit schools. If those default rates get too high, schools can be kicked out of federal loan and grant programs. Nancy Marshall Genzer reports.