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.
An Illinois financial aid program for low-income college students is running out of money, and thousands of students could be left without a key source of financial aid. So the state agency wants to get investors involved. Amy Scott reports.
Even if a college athlete gets a full ride, expenses beyond tuition, meals and housing typically aren't covered. How does the average Division I scholarship athlete deal with $2,700 a year out-of-pocket? Mitchell Hartman reports.
Congress's health care overhaul includes a proposal to let the federal government hand out student loans directly, effectively eliminating the entire student loan industry. Nancy Marshall Genzer reports.
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.
If you've received a student loan lately, chances are you have the government to thank. Private lending has been in short supply. Now, Congress is considering eliminating the middleman completely. Bob Moon reports.