Thousands of students swindled by the for-profit Corinthian College corporation will have their student loans forgiven at a potential cost of some $3.2 billion to American taxpayers. Some 3,000 students have already had their loans discharged, at a cost of $40 million, while another 9,000 await government approval, according to Yahoo Finance. Show More Summary
Federal loans for education often offer options to ease onerous repayment terms. Not so with private loans, as some borrowers have learned to their dismay.
Students who claim they were defrauded by for-profit schools owned by Corinthian Colleges Inc. into taking out federal student loans will have to wait several more months before the Obama administration decides whether to cancel their debts, the Department of Education said Thursday. Show More Summary
Question: Dear Steve, I graduated in 2006 with over $50k in private student loans. After I graduated, Citi wanted $400/month. Unable to make the payments, I went on years of deferment and forbearance as my loan was bought and sold by several banks and lenders. Show More Summary
The national student debt load has reached a crisis point. For this year’s graduating class, more than 70% of graduates borrowed money to finance their tuition, at an average rate $35,000 per borrower. To put that into perspective, that consumes a whopping 97% of the expected entry-level salary for Liberal Arts and Humanities Majors ($36,000). […]
As someone who started off her debt reduction journey on Get Rich Slowly with some pretty astronomical student loan debt, I’ve learned the hard way about the repayment process. And with school starting up again and many feeling tempted to borrow, I wanted to share some of that retrospectively gained wisdom. Show More Summary
Investors fled Navient Corp. on Wednesday, sending shares in the nation's largest student loan company to an all-time low as federal consumer regulators prepare a possible lawsuit targeting the loan specialist over its alleged mistreatment...Show More Summary
The complete guide to refinancing your student loans - Lifehacker Working with mostly men is stressful for women - Real Simple Budget smarter: factor in these 8 home costs before you buy - Trulia 8 times you should demand a discountShow More Summary
With the global economy continuing down the road to recovery in recent years, monetary policymakers were expected to begin raising interest rates from historic lows. However, following China’s unexpected Yuan devaluation in early August there has been some turbulence in financial markets that has some investors hoping interest rates will [...]
You can significantly reduce your monthly payments if you extend the term of your student loans, but you'll pay far more interest. Here's what to know before you opt for a longer payment term. Extending The Term When You Refinance Student Loans: Pros And Cons appeared first on Money Under 30. © Moneyblogs, LLC.
What if there was a way to cut the cost of your outrageously priced student loan? That’s what refinancing promises: ideally, you save thousands of dollars in interest over the life of your loan. But that’s not necessarily the whole story. Here’s everything you should consider before refinancing. Read more...
Washington Post, How Student Loans Help Keep Expensive Schools in Business: Income inequality bedevils the United States, as does debt, of the public and private varieties. Under the circumstances, you’d think that the federal government’s priorities would not include channeling billions of dollars in cheap credit for the benefit of...
… Receiving a college education was once looked upon as the great equalizer in America. However, African American families are taking much longer to actualize this dream as more Black students depend on student loans than any other group in
As a student in debt up to my eyeballs, here are a few things I believe everyone should consider before taking out student loans.
When it comes to credit cards and student loans, some people seriously underestimate their debt.
Once your student loan grace period expires, you need to take these steps to make sure that you can afford paying your student loan debt.
In early 2015, I finally got rejected from a mortgage refinance process. It’s too bad because I literally locked in an all-time low rate of 2.15% for a 5/1 jumbo ARM. Only after two long months of asking me for document after document did Chase Bank finally deny my application. To put things in perspective, Read More...
HIGHER EDUCATION BUBBLE UPDATE: I brushed my student loans under the rug when I graduated from college, and I’ll never be that naive again.
Dear Liz: We have two children in college, both entering their junior years. We have two more in high school. The two currently in college need additional financial assistance, as they've tapped out their federal student loans.
This week millions of people returned to the classroom at college campuses right across the country. There are no less than 43.3 million Americans, including 25.9 million below the age of 40, holding at least some amount of student loan debt. Show More Summary