77M Americans Have Debt in ‘Collections’

EUGENE, Ore. – Americans have a delinquent debt problem, according to a study by The Urban Institute. Debt in collections involves a non-mortgage bill, such as a credit card balance, medical or utility bill that is more than 180 days past due. The study found the debt in collections ranged from as little as $25 to … Continue reading »

Student Loan Rates Set to Double

(CNN) — Surrounded by college students in the rose garden, President Obama said higher education is the key to building the middle class. “You’re going to need more than just a high school education to succeed in this economy,” President Obama said. But he warned a college education may soon be out of reach for … Continue reading »

Secretary Audits University System

EUGENE, Ore. — An audit of the Oregon University System has the secretary of state calling for change. Secretary Kate Brown wants to see more affordable options in the state’s public universities and debt reduction for college students in Oregon. Students KEZI 9 News spoke with say the cost of going after a degree these … Continue reading »

Young Adults in Less Debt, But No Credit

(CNN) — Young adults are in less debt than they were a decade ago, but that’s not a good thing. Adults under 35 have more student loan debt and less exposure to credit card, car and home loans. Researchers say that’s a troubling sign for the economy. Debt levels in young adults dropped nearly 14 … Continue reading »

Students React to College Debt Talks

EUGENE, Ore. — In Tuesday night’s State of the Union Address, President Obama announced a new online tool that will help perspective students find out where “they can get the most bang for their buck.” Students at the University of Oregon say they’re not surprised so many students are diving deeper and deeper into debt. … Continue reading »