student loans http://wuis.org en Lawmaker Wants European Model Of Student Loans http://wuis.org/post/lawmaker-wants-european-model-student-loans <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>A plan that could lead to Illinois changing its student loan repayment programs is moving through the General Assembly. The new method would let students pay back loans based on their income, instead of a set schedule.</p><p></p><p><span style="line-height: 1.5;">The model is a European one, often used in the U.K. and Australia, says sponsor Jack Franks (</span>D-Marengo<span style="line-height: 1.5;">). Franks says he wants to prevent college grads from being shackled to large debt payments.</span></p> Tue, 11 Mar 2014 14:41:41 +0000 Hannah Meisel 21022 at http://wuis.org Lawmaker Wants European Model Of Student Loans Debt Is Crushing College Students http://wuis.org/post/debt-crushing-college-students <p>It costs more to go to college these days.&nbsp; And the way many afford it is to take out loans.&nbsp; Paying that money back can be more difficult that most realize. The average college student leaves school with more than $26,000 of debt and a growing number are defaulting on their loans.&nbsp;</p><p>Zach Baliva wrote the cover story on the topic in the current edition of the <a href="http://www.illinoistimes.com/Springfield/">Illinois Times.</a>&nbsp; He is also hoping to make a <a href="http://deferredmovie.com/">documentary film</a> about student debt.</p> Mon, 16 Sep 2013 09:00:00 +0000 Sean Crawford 8865 at http://wuis.org Debt Is Crushing College Students