A new "student loan relief" bill may not serve anyone besides special interests in the private student loan market. The post Republican Senators’ ‘Student Loan Relief’ Bill Would Benefit Private Market appeared first on ThinkProgres...
As a consumer debt expert for decades I've developed a pretty good sense of reading the tea leaves of debt. Sometimes this means making some sense out of puzzle pieces well in advance of assembly. I'm getting that same strong sense that...Show More Summary
If you've applied for a credit card, mortgage, student loan or any financial product in the last three decades, Experian likely has some sort of data on you. [...] if you've applied for credit, the agencies could know more about your...Show More Summary
As the nation's student loan debt burden continues to grow and voters look to 2016 presidential candidates for solutions, right-wing media continue to perpetuate debunked myths about college costs, financial aid, and student loans. Here are the facts that conservative media outlets ignore. Show More Summary
What can be done to effectively aid the two-thirds of graduates who leave school with an average $30,000 in debt? Illustration by enisaksoy/Getty Images Editor’s Note: On Making Sense this week, we’ve been tackling the topic of student debt. Show More Summary
If you’re under 30, chances are you’re drowning in debt. Student loans, auto loans, credit cards, and even mortgages — if you don’t take care of them soon, you’re going to spend the rest of your life paying thousands of dollars in interest. Show More Summary
Umpqua Community College is grappling with a shooting massacre the same week a federal report dinged the campus for posting some of the highest student loan default rates in the country. Umpqua, in Roseburg, Ore., caters to students who generally don't attend more elite four-year universities....
When living paycheck to paycheck, it's hard to set aside any money at all, let alone start saving substantially for things like retirement and emergencies. You get a paycheck, you immediately use it for rent, student loan payments, utilities and more, and all of a sudden you're left with just [...]
When it comes to helping out her fans, Taylor Swift lends a hand like no other. Whether donating money to help pay off student loans or just giving some good advice, TSwift is always there for them. Yesterday, the pop superstar donated $50,000 to a 13-month-old baby who was just diagnosed with cancer. Show More Summary
SoFi, a U.S.-based student loans marketplace for lenders and borrowers, announced on Wednesday that it has secured a further $1 billion in fresh funds led by Japan’s SoftBank. It’s calling it the “largest single financing round in the fintech space to date.” Surprisingly, SoFi is still not as well known as some other startups of its […]
Some servicers may not tell borrowers about easier payments plans unless they specifically ask, according to a report from the federal Consumer Financial Protection Bureau.
Today the U.S. Department of Education revealed that the number of students defaulting on their student loans has continued to decline. Here's why the numbers are dropping.
After 57 years of assisting nearly 20 million low-income students to finance their dreams of obtaining a higher education, the Federal Perkins Loan program could soon be grinding to a halt. The Perkins Loan program, which has offered more than $41 million in low-interest loans to students at nearly 1,500 schools since 1958, is set to expire tonight unless …
People walk on the Columbia University campus in New York City. John Wasik explains what parents and students should look for in a college to avoid student loan debt. Photo by Mario Tama/Getty Images Editor’s Note: Yesterday, John Wasik...Show More Summary
GOP frontrunner Donald Trump has taken bold stances on a number of key issues during his campaign, but the price of higher education and student loan debt are not among the most prominent planks in his platform. Then again, the Republican hopeful is probably keen to dodge questions about his own forays into college administration... Show More Summary
Student loan servicers often make errors or fail to reach out properly to student loan borrowers. The post The Companies That Collect Your Student Loan Payments Are Doing A Bad Job appeared first on ThinkProgress.
Credible, the multi-lender marketplace for student loans, has today announced the close of a $10 million Series A funding round led by Soul Htite, founder and CEO of Dianrong.com and cofounder of LendingClub, with participation from Prosper president Ron Suber, and Scott Langmack. Show More Summary
College loan servicing can be worse than doing taxes and going to the dentist. Here's what you should know.
The federal Consumer Financial Protection Bureau said Tuesday it is weighing new rules governing the $1.3 trillion student loan market after releasing a stinging report documenting "widespread failures" in an industry largely overseen...Show More Summary