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The Student Debt Crisis

Posted by Maica Pichler on May 21, 2014 at 1:56 PM

As of November 2014, Redeeming America's Promise is now named the Campaign for Free College Tuition. American Promise scholarships are now known as National Promise scholarships.

According to a new Pew Research Center analysis of government data, households headed by young adults owing student debt lag far behind their peers in terms of wealth accumulation. About four-in-ten U.S. households (37%) headed by an adult younger than 40 currently have some student debt—the highest share on record. 

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Student Debt Crushing the Demand for Homes

Posted by Maica Pichler on May 18, 2014 at 6:54 PM

As of November 2014, Redeeming America's Promise is now named the Campaign for Free College Tuition. American Promise scholarships are now known as National Promise scholarships.

In the first quarter of 2014, homeownership for Americans 35 and under declined to 36.2 percent, the lowest on record since the census's Housing Vacancy Survey began tabulating homeownership by age in 1982. The home owning decline for young Americans was led by those in the 25-29 age group, only a third of whom owned a house, and those in the 30-34 age group, whose rate was 47.5 percent. Both of those rates were the lowest in the survey’s 32-year history as well.

Redeeming America's Promise

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Student Loan Debt Makes Millennials Miserable

Posted by Maica Pichler on May 10, 2014 at 2:30 PM

As of November 2014, Redeeming America's Promise is now named the Campaign for Free College Tuition. American Promise scholarships are now known as National Promise scholarships.

It’s not helping our economy either. Purdue University President and Former Indiana Governor Mitch Daniels announced the results of a March survey of more than 30,000 college graduates that showed “student debt hinders our national economy just as it hinders the individual life prospects of students who borrow too much of it. It is past time for leaders in higher education to go to work on restraining costs and making sure that our doors remain open to all students who meet our standards." 

 

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We can't do this alone!

Our goal is to make higher education a possibility for every American, without regard to their financial circumstances.

We have a lot to do and not much time to do it, so your support is critical for our campaign to succeed. It’s with your investment that we can fundamentally reform how higher education is financed in this country, opening the doors to a more equitable society.

If you agree with our goal, our plan, and the urgency of the problem, we ask that you give what you can to help us write the next chapter in our nation’s history of continuously expanding access to universal, free education.

The Campaign for Free College Tuition is a 501(c)3 non-profit organization established in the State of Washington in 2014 to educate parents, students, the higher education community, policy makers and taxpayers about efforts needed to fundamentally reform our nation’s system for financing higher education. This website and CFCT’s educational outreach activities are made possible through generous individual and foundation support.

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