student loans

GotCredit / FLICKR - http://bit.ly/1xMszCg

Student loans help millions get their college degrees.

But critics say our rigid, outdated system for paying back those loans is causing too many people to fall behind or default. 

People borrow for higher education all over the world. Who's doing it better and how?

pile of one  dollar bills
Steve Carmody / Michigan Radio

More than 460 Michigan college students who say they have been defrauded by their for-profit schools filed federal claims this year to try to get their student loans forgiven. But the Trump administration has not approved any so-called borrower defense claims yet.

steve carmody / Michigan Radio

A college education is getting more expensive in the state of Michigan.

Last month, many Michigan colleges and universities approved tuition increases for this fall.  And starting today, interest rates on federally backed student loans are rising too.  

Interest rates on loans for undergrads are rising from 3.76% to 4.45%.   Overtime, that increase will add hundreds, if not thousands of dollars, to the cost of getting a degree.