The Student News Site of Stony Brook University

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The Student News Site of Stony Brook University

The Statesman

The Student News Site of Stony Brook University

The Statesman

The Student Financial Services office located in the Student Union. KAT PROCACCI/THE STATESMAN

SBU students face unique challenges with loans

Morgan Casey December 1, 2021
On top of these financial implications, there are also the looming mental and psychological effects that debt has on students’ mental health. Many students experience profound stress, anxiety and feelings related to shame when thinking about their financial situations related to school. In a 2021 survey, one in 14 student borrowers said they experienced suicidal ideation because of taxing debt situations.
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Student Debt graphics board. MAIALISA/FLICKR VIA CC BY SA 2.0

New York temporarily freezes state-owed student loan debt

Alek Lewis March 18, 2020
New York state is temporarily freezing the collection of state-owed student loan and medical debt to relieve the financial burden from the coronavirus, according to a press release sent out by the Governor's office on March 17.
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Discussing the fate of Stony Brook’s financial and academic future

David McKinnon June 18, 2019
From the perspectives of many long-serving faculty, the primary cause of the chronic financial problems within the university is quite clear: incentives for upper management are poorly aligned with the long-term best interests of the institution and have been for some time.
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New York State’s free tuition plan is flawed

Amanda Niemann April 29, 2018
However, 80 percent of the families living in areas near Poughkeepsie are eligible to receive aid from Excelsior, whereas only 55 percent of Long Island residing families are eligible for the same grant.
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Many students are taking out over $25,000 in loans, according to a recent poll of black and white graduates. (MANJU SHIVACHARAN / THE STATESMAN)

Survey shows debt gap among college graduates of different races

Samantha Mercado October 7, 2014
A recent survey by Gallup showed that 50 percent of black college graduates held more than $25,000 in student loan debt, compared to 34 percent of white graduates.
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Increase in tuition changing the culture of the student body

Simran Gupta February 18, 2014
Stony Brook University, formerly praised as one of the most affordable gems in the crown of public universities, has slowly been losing its luster as tuition fees continue to increase. In the midst of an economic recession, Stony Brook has experienced a series of budgetary problems that have ravaged through the SUNY system like an epidemic.
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