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Joe Mihalic wasn’t thinking at all about how he was going to pay off student loans — which would end up totaling $101,000 — when he was accepted to Harvard Business School.

Cost of MBA teaches tough financial lesson – Chicago Tribune

May 18, 2012|Gail MarksJarvisJoe Mihalic wasn’t thinking at all about how he was going to pay off student loans — which would end up totaling $101,000 — when he was accepted to Harvard Business School.

Wiping Out $90000 in Student Loans in 7 Months – Wall Street Journal (blog)

By Josh Mitchell Economists are increasingly worried that many young Americans will spend coming years buried under student debt. Joe Mihalic was determined not to be one of them

Student Loans Cripple Entire Generation – Newser

Federal, private lenders will raise rates, increase rejections (NEWSER) – Even as college costs soar, the credit crunch is about to make student loans more expensive—and tougher to come by. Fees for federally guaranteed loans, which offer below-market rates, are expected to rise, and some states have dropped out of the program

Control Costs and You’ll Control the Problem – New York Times

Question: Why has the cost of college tripled, in real dollars, over the past 30 years? Answer: Colleges know that whatever they charge, students will pay, largely by taking out loans. The Reason: Only colleges can grant degrees, an award most young people think they must have

Student Loans, Credit Cards Push Up Consumer Debt – Wall Street Journal (blog)

By Tom Barkley and Maya Jackson-Randall U.S. consumer credit expanded in March at the fastest pace since late 2001, boosted by higher student borrowing and a rebound in credit-card use.

Outside opinion: Hugo Chavez, student loans and Israel vs. Iran – Los Angeles Times

Supporters of Venezuelan President Hugo Chavez march through Caracas on May Day. (Juan Barreto / AFP / Getty Images / May 1, 2012) By Dan Turner May 3, 2012, 12:07 p.m. Today’s roundup of provocative newspaper punditry from around the globe:Venezuelan leader Hugo Chavez has made a few moves to shut down independent media in the course of his socialist revolution, but opposition voices survive, as indicated by a strident and, to an American reader at least, devastating critique of his economic policies by columnist Michael Rowan in Caracas’ El Universal

Analysis: Student loan agreement? Not so fast. – BusinessWeek

By DAVID ESPO WASHINGTON In the political campaigns still taking shape, President Barack Obama, Republican challenger Mitt Romney and lawmakers of both parties say they want to protect college students from a sharp increase in interest rates on federally subsidized loans. Agree, they might, and act they surely will

Student loan debt: The overvalue (and underuse) of higher education – Baltimore Sun

Young people face a cruel irony. Most can’t land a decent job without a college education, yet many graduates are locked into poorly paying positions that don’t permit repayment of student loans.For two generations, college price tags have risen much faster than inflation and families’ ability to pay. More importantly, costs have leaped faster than what graduates can earn over working lifetimes, and many diplomas do not offer a positive return on investment, as measured by graduates’ ability to service their debt.Working professionals, including some lawyers, are moving in with older relatives — they simply can’t pay both rent and student loans

Analysis: Student loan agreement? Not so fast. – CBS News

WASHINGTON In the political campaigns still taking shape, President Barack Obama, Republican challenger Mitt Romney and lawmakers of both parties say they want to protect college students from a sharp increase in interest rates on federally subsidized loans.Agree, they might, and act they surely will. But first, they settled effortlessly into a rollicking good political brawl.In less than 72 hours, what might have looked like a relatively simple matter mushroomed into a politically charged veto showdown that touched on the economy and health care, tax cuts and policies affecting women. Accusatory campaign commercials to follow, no doubt.”This is beneath us