New data on the explosion of student debt in recent years should guide efforts to overhaul the student loan system. The post Student Debt Nearly Tripled Over The Past Decade appeared first on ThinkProgress.
Many private student loan contracts include clauses that allow the lender to demand the full loan balance if a borrower’s… READ MORE The post Making Timely Student Loan Payments? You May Be In Default, Anyway appeared first on Affordable Schools Online.
In some cases, the death or bankruptcy filing of a co-signer can mean a loan default, even if the borrower has paid consistently and on time.
HIGHER EDUCATION BUBBLE UPDATE: If you cosign your kid’s student loan, it may go into default when you die, even if it’s paid-up.
A new report released Tuesday by the Consumer Financial Protection Bureau is warning borrowers of a catch that is pushing private student loans into default even if the loan is in good standing.
Here are some details on plans and proposed changes for student-debt forgiveness.
College graduates with private student loans know the importance of staying current on their payments. But a new report by the Consumer Financial Protection Bureau finds that even consumers who pay their loans on time are finding themselves placed in default when the co-signer of their loan dies or declares bankruptcy. The CFPB’s recently released mid-year report [PDF], … [More]
I knew nothing about managing money in college. Even though I was a finance major, I was horrible at actually managing money. How horrible? How about unnecessary student loan debt, 2 credit cards nearly maxed out, and literally nothing in my savings account even though I had two part-time jobs and National Guard money […]
Even borrowers with spotless records are facing demands for early repayment of their loans, and some are being forced into default, a federal consumer protection agency said.
Many unaware of bind they could be put in by terms involving co-signers
WASHINGTON (AP) — Some student loan borrowers who had a parent or grandparent co-sign the note are finding that they must immediately pay the loan in full if the relative dies.
There’s a growing debate concerning the amount of money being made from student loans. The government reportedly made $41.3 billion from student loans during the 2013 fiscal year, and this has some activists up in arms, citing that they are profiting at the expense of our younger citizens. However, is this really as bad as
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Follow their advice and you should be able to become debt-free, too
In the year since its launch, Tuition.io, the company billing itself as the Mint.com for managing student loans, has grown to manage over $1 billion in loans. The company, which provides a monitoring and management service for student loan payments, has just picked up an investment from Raj Date, the former second-in-command at the U.S. Show More Summary
Beyoncé’s "Partition" has inspired many parodies, but this new entry into the canon may be my favorite. "Tuition" is a plea to Sallie Mallie to forgive some student loan debt. Chanel Carroll's re-written lyrics are smooth ("Senior year...Show More Summary
Getty Images By Sharon Epperson Americans owe more than $1 trillion in student loan debt. The total credit card debt for all U.S. households is more than $850 billion, while mortgage payments add up to more than $8 trillion. In total, U.S. Show More Summary
While the music video "Tuition" above may seem like a tongue-in-cheek parody of Beyonce's hit song "Partition," its creator and star, Chanel Carroll, has a very serious point to make towards Sallie Mae: "She just wants to lead a debt...Show More Summary