Student Loan Debt

Are 529 Tax Breaks Working?

In order to incentivize families to save for their children’s college education, Minnesota and other states are exploring income tax credits and deductions for 529 plans. Named after section 529 of the Internal Revenue Code, these investment vehicles were designed to encourage parents to save for college by granting tax breaks on higher education savings…

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Minnesota Tuition Hikes Surpass U.S. Average Since 2000

State support for higher education in Minnesota has declined over the course of the 21st century and—as a result—tuition has skyrocketed, as demonstrated in part one and part two of this series. While these trends are not unique to Minnesota, the decline of state support and the growth in tuition in the Gopher State has…

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Declining State Aid Translates into Soaring Tuition

State support for higher education declined by over 40 percent from fiscal year (FY) 2000 to 2015, after adjusting for inflation and changes in enrollment, as reported in the first part of this series. However, the burden of state funding cuts did not fall so much on institutions of higher education, but on college and…

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State Support for Higher Education Drops Dramatically Since 2000

A conservative interest group recently claimed that higher education has become a tremendous suck on state resources. A close examination of public higher education revenue in Minnesota tells a different story. Since the turn of the century, state support for higher education has dropped dramatically, after adjusting for inflation and changes in enrollment. Data for…

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Equal Pay Day and Student Loans

Today is Equal Pay Day, the day when women’s earnings “catch up” to men’s earnings from the previous year. In other words, it takes a woman from January 1, 2015 to April 12, 2016 to earn the same as a man earns in 2015. Women, in 2016, make just 79 cents on the dollar compared…

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Statewide Student Loan Debt Conversations

Last week, we hit the road and traveled around the state talking with student loan borrowers about their experiences dealing with debt. We met with students, professionals, and local leaders and heard powerful stories about the struggles folks have due to student debt. We made eight stops in four days, traveling to Wayzata, Brooklyn Park,…

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Student Loan Borrowers Discuss Debt at St. Paul College

This morning, we kicked off our Minnesota Debt Tour by stopping at St. Paul College to hear from student loan borrowers and legislators about the ongoing student debt crisis. First to speak was Clinton, a St. Paul College senior with a burdensome debt load. Clinton spent one semester at Luther College, where he racked up $18,000…

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