The total amount of student loan debt collectively hanging over our heads is staggering. Two out of every three college students graduate with outstanding loans, and the effects of student loan debt aren't temporary. According to a recent article on Nerd Wallet, the expected retirement age for millennials is now ten years beyond today's average. Show More Summary
What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to five word summaries. Click on the number to jump straight down to the question. 1. Alternative sources for student loans 2. Early writings 3. Reusing packing materials 4. Show More Summary
Kristin Wong Ever feel like there’s no way you’ll ever pay back your student loans, even if you work 80 hours a week and never paid a dime to anyone but Sallie Mae? Or sell off your organs one-by-one on the black market? Or … well you get the idea. According to the Federal Reserve, there are [...]Show More Summary
Though politicians fall all over themselves when it comes to voters in my age bracket and even older (that's almost impossible to comprehend), a new survey by Harvard's Institute of Politics shows a growing class of discontented, registered...Show More Summary
Huffington Post Reader Question Dear Steve, I was hit by a drunk driver, suffering several acute compression fractures in my neck and back, ribs, discs, etc...and was wheel chair bound. Fortunately, I recovered well, and am more functional...Show More Summary
When I was younger I struggled with debt racking up credit cards and student loans like no one’s business. I couldn’t ask for sympathy because I was the one to blame for my financial plight. One debt that I’ve been fortunate to avoid is medical debt. For those that have it realize how much of […]
We asked members of the Class of 2013 to tell us about the student debt they face, as well as their strategies for paying it down.
Huffington Post Reader Question Dear Steve, I have a private Sallie Mae student loan I took out back in 2007 to pay for a vocational education in culinary arts from a school called "Kitchen Academy" (I think they got bought out by Le Cordon Bleu and now they go by the latter name) The loan was originally for $16,000. Show More Summary
The federal government helps to make college affordable in a number of ways, from low-interest student loans to grants for low-income students. It also offers a host of lesser known subsidies for higher education through the tax code,...Show More Summary
This Reader Story is from GRS reader Mel from brokeGIRLrich.com. Mel recently paid off her student loans and is focusing on a frugal lifestyle to help her navigate the uncertain world of entertainment employment. Some reader stories contain general advice; others are examples of how a GRS reader achieved financial success or failure. These stories [...]
Government statistics for the last fiscal year show that more than $40 billion dollars of revenue in excess of expenses… READ MORE The post Federal Government Books More Than $40 Billion In Student Loan ‘Profit’ appeared first on Affordable Schools Online.
(WASHINGTON) — Americans boosted their borrowing in October, led by another big increase in auto and student loans and the biggest rise in credit card debt in five months. The Federal Reserve says consumers increased their borrowing by $18.2 billion in October to a seasonally adjusted $3.08 trillion. Show More Summary
Huffington Post Reader Question Dear Steve, My younger brother has been diagnosed as a paranoid schizophrenic. He has fought bouts of depression, hallucinations, and paranoia for the last 5-6 years. He has been on numerous differentShow More Summary
The total of student loan debt in the U.S. has long since passed the $1 trillion mark, and a new report shows that this mountain of owed money is just going to keep getting bigger, while a recently released survey indicates just how terrified young adults are of folks’ ability to repay that debt. According to the new study [… [More]
Huffington Post Reader Question Dear Steve, I have 5 student loans, currently totally about $48,000 after 6+ years of repayment. Two of them are private loans at only about $1,300 each, another private is at about $8,000, my only federal...Show More Summary
A new poll shows that college-age Americans are wildly, overwhelmingly worried about student loan debt. As well they should be. And they blame colleges. As well they should. Read more...
Huffington Post Reader Question Dear Steve, I'm a first generation college student, and attended Hartwick College for 1.5 years until transferring and finishing college at SUNY Oneonta. I owe near 80k from my college years. I had two private student loans that were held thru CitiBank for a total of near 20k. Show More Summary
While many banks offer student loans, much of the servicing of that $1 trillion in loans is actually done by non-bank, third-party companies, some of which have been criticized for being difficult to deal with and having byzantine repayment rules. Show More Summary
The federal Consumer Federal Protection Bureau will soon have more authority to address student loan complaints
Claymore returns from his holiday with The Wrath of DU Tuesday; Student loan bailout eminent Paging Joe Biden Focus? Bofus? Droning on and on and on…etc. “If you don’t say the far right is more violent, we’ll kick your ass.” Militarization of police…someone on DU actually has a good point on this one. Operation Mickey […]