[To read the web version of this, click here: March’s Student Loan Debt Movement + A New Debt App! ] Hey hey – what’s good everybody? Got a couple cool things to share with ya today around nasty student loan debt stuff, so if that’sShow More Summary
The Department of Education said it will review how borrowers discharge student loans, an indication it could become easier to expunge those loans via bankruptcy.
It's almost impossible to discharge student loans in bankruptcy. That could all change.
If you haven’t noticed, Americans love debt. The average household has around $130,000 in total debt, including $50,000 in student loan debt, nearly $30,000 in auto loans, and $16,000 in credit card debt. With an average credit card interest rate of 15%, that would be $2,400 in interest per year. With a student loan interest rate of 6.8%, that […]
You went to college and left with not only a degree, but a whole slew of student loans. Now you want to buy your own home, but wonder how you will do it. Will lenders turn you away because of your college debt? Looking for Current Mortgage Interest Rates? Click Here. Show More Summary
What would you do if your student loan debt was eliminated?
There's been a lot of talk about bailing out student debt. And it's going to stay all talk.
Check out The Biglaw Investor or read Reader Q&A: Expensive City and Debt Recently I received this question from a reader: I’m 30-years-old, making $100K with $100K in student loan debt living in a high cost-of-living city. Am I screwed?...Show More Summary
College was great, but no one mentioned how soul crushing my debt would be.
With some explanation, it is easy to convey the complexities of living with and conquering student debt.
It's natural to want to help your adult children financially, whether it's giving them cash for a down payment on a home, or helping them pay off their student loan debt. But don't make the mistake of shorting your own retirement funds while doing this. Your financial priority should be saving...
In a blog post last month, I used newly-available data from the U.S. Department of Education’s Office of Federal Student Aid to look at the amount of student loan dollars in income-driven repayment plans by amount of debt. In that post, I showed that students with more debt were far more likely to use IDR... Read more »
Other personal goals should sometimes take priority over student debt repayment.
I spent the majority of my twenties and the early part of my thirties scratching and clawing my way out of student loan debt, establishing my financial priorities, and aligning my spending with my values. So, when I started dating and being receptive to sharing my life with someone, I knew, for sure, that I needed a spouse Keep Reading ?
Tell a good story from your college days and the beer brand may just help you pay off your loans. AB InBev’s economy brand Natural Light is using the Super Bowl to announce a new contest that looks to pay back college students for all those less-than academic nights spent drenched in its affordable, boozed-up glory. Read Full Story
Remember student debt? We haven’t heard much about the topic since Sen. Bernie Sanders (I-Vt.) campaigned across the country promising tuition-free college for everyone. Since Donald Trump took over the White House, student debt has wandered in the vast wilderness of Republican-led politics. But we ignore student loans at our peril. Not only do high levels […]
If you are considering dropping out of law school, or, worse, you're on the verge of failing out, you might be wondering about all that student loan debt you took on. Unfortunately, unlike just about every other kind of debt, student loans cannot be discharged via bankruptcy. This means......
A new research from the Brookings Institution has shed some light on the exploding student debt crisis in the U.S. The numbers are horrifying (for details see https://www.brookings.edu/wp-content/uploads/2018/01/scott-clayton-report.pdf) (emphasis... The post Student Loans Debt Crisis: It Only Gets Worse was originally published at The Wall Street Examiner. Follow the money!
Student loan figures are staggering, and as the amount borrowed rises, so too do defaults. Failing to pay your student loan can cause serious fallout. Unlike other types of debt, student loans cannot be discharged during bankruptcy. Defaulting is nothing to be taken lightly. According to Student...
If you're not careful, you could end up carrying your student debt until you're old(er) and gray.