The amount of debt consumers have has continued to increase over the last few years as the auto loan industry and student loan debts hit new highs. Credit card debt also continues to grow, especially with annual percentages rates (APR) also hitting all-time highs. Show More Summary
John R. Brooks (Georgetown), Treasury Should Exclude Income from Discharge of Student Loans, 152 Tax Notes 751 (Aug. 1, 2016): There are several ways that a student loan borrower can have a federal student loan discharged. In some cases, that cancellation of student debt creates taxable income, but in others...
Most of us are more responsible now than when we were 18. So if you're still paying back a student loan you borrowed before you could legally order a cocktail, there's a good chance you qualify for a better interest rate. That's where student loan refinancing comes in. Show More Summary
A PRACTICAL EDUCATION: Why Avoiding Student Loan Debt Was The Best Thing I Ever Did.
When searching for a new employer, most people look at the full package of benefits they’ll get in return. How much will your new salary or hourly rate be, and will you have paid vacation, health insurance, and dental? After those considerations, things like company culture, long-term career objectives, and your daily commute come into play. Show More Summary
Saddled with student loans and sick of getting hit up by your alma mater for alumni donations? Sean Combs, a.k.a. Diddy, is here to make you feel a whole lot worse about all of that. Combs has announced a pledge of $1 million to Howard University, and he didn't even ... More »
In November 2008, I was 23 and had a heart full of hope that only a mound of six-figure student loan debt could stifle. I remember I was lying in bed next to my then-boyfriend, watching the acceptance speech of the (soon-to-be) first African-American president of the United States. Confetti swirled... Continue reading
Zoe, 30, lives in Queens and is a graphic designer at a marketing firm in Manhattan. She’s almost finished paying off her student loans, and doesn’t have any savings to speak of. However, she contributes 8 percent of every paycheck to her 401(k) plan, and she’s pretty sure she did ... More »
Shutterstock What started out as whispers of a potential financial crisis related to recent student loan borrowing has grown to a cacophony of fear, frustration, and concern. The staggering $1.3 trillion in student loan debt in our country has been a shocking wake-up call. As a result, many recent graduates are [...]
Is getting buried in student loan debt really a necessity when there are hundreds of work-from-home jobs that don’t require a degree? That depends. For some people, attending college is about networking, meeting new people, gettingShow More Summary
Here is a free seminar that can potentially be of great use to any New Jerseyan staring down massive debt – medical debt, student loan debt, or debt from other high cost consumer financial products advertised to look attractive to...Read more
If you graduate from Keystone College and your post-grad job pays less than $40,000 a year, the Pennsylvania institution will pay some or all of your student loans, officials announced Tuesday. The Keystone Commitment Loan Repayment Assistance Program will first be available to first-time, full-time freshmen who start at...
It's a tough question: Should You Save For Retirement or Pay Off Student Loans? Here's what you need to know.
New Yorkers' student loan debt has more than doubled in the past decade, sharply outpacing the rate of inflation. According to a report [pdf] conducted by State Comptroller Thomas DiNapoli, the state's overall debt has ballooned to $82 billion—and NYC residents are faring worst of all. [ more › ]
Debt can be good or bad, depending on how you use it. Different types of debt serve different purposes. We use installment loans like mortgages, car loans, and student loans to purchase homes, cars, and to get an education — but these aren't the only types of debt. There's also revolving...
One week ago today, Hillary Clinton unveiled her plan to "make debt-free college available to everyone and take on student loan debt." The plan will "make in-state colleges and universities tuition-free for families making under $125,000/year,"...Show More Summary
The National Association of Realtors has been sounding the alarm about how student loan debt can make it harder for millennials to qualify for a mortgage and become homeowners...
The homes of young New Yorkers on TV — characters who are part of a generation burdened by student loan debt and stagnating wages — are getting grimmer.
Strategies to fund college education costs are garnering a heightened level of interest in recent years as student loan debt begins to balloon and the rising costs of college education continue to spike. In fact, the increasing cost of a college education has significantly outpaced national inflation by an average [...]
We’d keep it to 35 words if we could, but student loans aren’t that simple. So we’ll aim for 350 instead, boiling it down to the four main options for dealing with student debt. And since there’s no one-size-fits-all solution, we call out who will benefit most from each approach. Show More Summary