ITT Technical Institute announced that it's closing all its facilities. This decision is a result of an Education Department ban of the school enrolling students who receive federal financial aid.

National

Student loan debt is at an all time high — and it’s hitting African-American┬ástudents the hardest. According to a study by the Brookings Institution, there are racial debt disparities in low-to-moderate income students.┬áBlack students leave college with an average debt of $27,000, while White students incur an average of $20,000. Student load debt facts: Black […]

In what might be an extreme use of government resources, reports are coming forth that U.S. Marshals are serving warrants and arresting people for outstanding federal student loans. A Houston man says that seven armed marshals arrived on his doorstep for a $1500 loan he took out nearly 30 years ago, but there might be […]