Fannie Mae, the government-controlled mortgage corporation, is taking three steps to help ease student loan borrowers into homeownership.
This situation gets worse by the day.
Someone defaults every 29 seconds.
The average was $30,100 per borrower.
By Charlie Brown If you are considering consolidating your students, there are some details that you need to keep in mind. Individuals usually qualify for consolidation after they graduate, leave school or have been enrolled for less than half or part-time. Show More Summary
by Sydney Brownstone Predatory lenders are a problem for Washington state students, but efforts to create a student loan bill of rights in the state legislature have stalled. zimmytws/Getty Images According to a new report from the federal...Show More Summary
``The combination of low number of defaulters and relatively large amount of defaulted student loans tells us that these individuals have truly racked up what might be considered to be gargantuan student loan debt... The average student loan balance in the U.S. Show More Summary
Zeta Interactive Corp., which started as a recruiter of college applicants, nearly imploded when Congress withdrew student loan funding and reinvented itself as a marketing technology company, raised $140 million in a series F financing round that brings its total funding to $250 million. Show More Summary
(SAGE) Community college students who borrow up to $1,999 in student loans during their first two years of community college complete 17 percent fewer academic credits in that same time period than their peers who take out $2,000 to $3,999 in loans or do not take out any loans at all. Show More Summary
Fannie Mae has revamped some guidelines regarding student loans and how they are treated in debt to income ratios for qualifying for a mortgage. This is great news… however what’s even better news for home owners who have student loans, Fannie Mae is offering improved pricing on cash out refinances for paying off student loans! […]
Applying for financial aid isn't going to be as bad as feared this year after all. The Department of Education Department has agreed to allow colleges and universities more flexibility to use as part of their verification procedures while the Data Retrieval Tool (DRT) is unavailable.
With student loan payments kicking in, saving and investing aren't always the high priorities they should be. These apps make things easier.
You've got the diploma. You've moved over your tassel. Now the real work begins. When you’re paying off student loans, saving and investing may seem like the last things you can afford to do. But it’s never too early to start squirreling away some money for the future, even if it’s only a few bucks […]
So what do you do when a massive student loan bubble results in crippling leverage for an entire generation of your population rendering them financially unqualified to obtain mortgage financing and their 'God-given right' to a slice...Show More Summary
Student loan collectors have become notorious in recent years for abysmal service and allegedly illegal practices. With trust in these market giants hitting new lows, fintech startup CommonBond has decided to make its move into the sector. Show More Summary
I hate student loans. Don’t get me wrong. I’m grateful for the education that those loans afforded, but I despise the paperwork, the hassle, and the never-ending interest which make paying off student loans such a herculean task. Student loans represent some perverse never-ending form of bondage. And nearly 44 million Americans are in this Keep Reading ?
America's snowflake millennials aren't used to being told 'no', especially by their parents. Perhaps that's why, as we pointed out a few days ago, more millennials than ever are now living at home with mom and roughly one quarter ofShow More Summary
By Lisa Lambert WASHINGTON (Reuters) - U.S. Education Secretary Betsy DeVos has been reworking student lending since her appointment in February, raising concerns among Democrats that she will undo former President Barack Obama's overhaul of college financial aid. Show More Summary
U.S. Education Secretary Betsy DeVos has been reworking student lending since her appointment in February, raising concerns among Democrats that she will undo former President Barack Obama’s overhaul of college financial aid. On Monday, 21 state attorneys general, all Democrats, wrote to...
Education Secretary Betsy DeVos is announcing ways to help students apply for federal student loans while the IRS data tool is not working. The Data Retrieval Tool lets students import … Click to Continue »