The village of Mt. Sterling may have suffered more than its share of hard times, but the cafe on the corner keeps spirits high,
Chances are that if youâ€™ve nailed a college degree to your wall recently, youâ€™re also nailed with debt. But some new research from the Federal Reserve Bank of Cleveland says degree earners are still better off in the long-term than those without a diploma.
The federal Department of Education is turning to the Justice Department in Ohio and other states in a bid to collect delinquent student loans. The actions by federal agencies come as the amount of student loan debt has surpassed outstanding debt owed on credit cards.
Seven years after graduating from medical school, 41 year old Doctor Michelle Bisutti says she’ll likely be paying on her student loan debt until she’s 70 years old.
Americans are worrying less about the debt they carry. New figures from an Ohio State University survey show that the Debt Stress Index is declining from this summer’s all time high.
Debt Counselors in Ohio and other states report more 50, 60, and even 70 year olds are seeking relief from creditors. Oftentimes, the pile of debt forces the elderly into bankruptcy court.
The Ohio State University Board of Trustees meets Friday to consider the next round of tuition increases. Several other state colleges and universities have already raised tuition and related costs, prompting students and their families to sharpen their pencils and determine how to pay the bills.