This is part of an ongoing series by Credible about how the 2016 presidential candidates would affect student loans and the financing of education for students and borrowers. Last week, Senator Rand Paul demonstrated his concern with college affordability. Show More Summary
Are student loans a bubble like real estate was? — We all know education is important to the well-being of our prosperity, but does it have to come at such a price? In the future, will it even be possible to send our kids to college?...Show More Summary
Two days ago we highlighted a new study from the St. Louis Fed where someone had the very prudent idea to strip out loans in deferment and forbearance from the denominator of the student debt delinquency rate equation so everyone could get a better idea of what the real numbers look like. Show More Summary
Some excerpts from interesting analysis by Goldman Sachs economists Alec Phillips and Hui Shan: An Update on Student Loans: A Bigger Headwind but Still Not a Deal Breaker The upshot is that the student debt burden on young households has increased and it has become a bigger headwind to housing demand compared to a few years ago. Show More Summary
Millennials are definitely facing their share of problems in the 21st Century with skyrocketing student loans and a stubborn job market. While previous generations could depend on college to lead to a job, this generation doesn’t always have that luxury, and their tuition costs are multiplying at a much higher rate. Show More Summary
This is part of an ongoing series by Credible about how the 2016 presidential candidates would affect student loans and the financing of education for students and borrowers. In Ted Cruz’s speech to announce his candidacy for the 2016...Show More Summary
I arrived in San Francisco for graduate school during the rise and fall of the late 90s dot-com dustup. It wasn’t any big thing to me. I made my way living off student loans. I saw, and still believe in, the idea of going to graduate school on loans as a sort of tradeoff to […]
The numbers would make anybody shudder -- except for Barack Obama and the Department of Education.
The U.S. Department of Education is nearing a deal with Navient Corp., the student loan giant formerly known as Sallie Mae, over allegations the company cheated active-duty troops on federal student loans, a department official saidShow More Summary
There has never really been a good reason to bar Americans from discharging their student loans in bankruptcy. Back in the 1970s, a spate of newspaper stories claimed that unscrupulous college kids and law school grads were borrowing...Show More Summary
This is part of an ongoing series by Credible about how the 2016 presidential candidates would affect student loans and the financing of education for students and borrowers. When Scott Walker, the Republican Governor of Wisconsin, formally...Show More Summary
The nation's poorest students are having the most difficulty paying their student loans, Federal Reserve officials said Thursday. Since the recovery from the financial crisis began, more people from low-income areas have sought to take...Show More Summary
Some of the world's biggest banks, including JP Morgan, Bank of America and US Bancorp, are withdrawing from the student loan market. That's according to a series of reports over the past couple years. It couldn't come at a worse time. That...Show More Summary
At Credible we are writing about how the 2016 presidential candidates would affect student loans and the financing of education for students and borrowers. For Jeb Bush, former Republican Governor of Florida and heir apparent to the Bush dynasty, an official presidential campaign announcement is all but certain. Show More Summary
The rise of financial technology (fintech) companies is undeniable. In 2014, Lending Club and OnDeck went public, and over 500 fintech startups attracted private financing. In the student loan refinancing market, there has been a rapid expansion of lenders participating in the market over the last 3 years (from two to eleven lenders). Show More Summary
This is part of an ongoing series by Credible about how the 2016 presidential candidates would affect student loans and the financing of education for students and borrowers. Democrat Martin O’Malley, who has served as both Mayor of Baltimore and Governor of Maryland, has all but announced his presidential campaign. Show More Summary
On this Tax Day, columnist Shannon Achimalbe looks at two payments that are not called taxes but feel like and have the effect of a tax.
The convenience of getting student loan payouts deposited on a co-branded debit card/student ID is enticing. But convenience has a price: Hefty overdraft fees could cost you thousands over the course of your student loan. Read more....
Calls for a benevolent suspension of both personal responsibility and accounting truisms (which mandate that one person’s liability is everywhere and always someone else’s asset) in the interest of forgiving all student loans at the expense of the US taxpayer aside, America has a student debt problem. Show More Summary
When I first started paying back my student loans several years ago, there weren’t that many apps or tools available to help you pay off your student loans, while keeping you motivated. Boy, have things changed — and I’m so glad! Now...Show More Summary