Student debt crisis watch: pay $18,000 of your $24,000 loan, owe $24,000

Kaitlin Cawley finished grad school with $95,000 in student loans, including a $24,000 variable-rate loan that started at 9.4% and now stands at 11%, a loan that the US government lender Sallie Mae brokered for her when she was 20. (more…)