As the cost of a college education continues to climb, more and more students are taking on student debt. Collectively, as a country, we currently owe nearly $1.4 trillion in student loans. That balance is growing at a rate of $2,726.27 every second. Fortunately, there's a tax break available to help ease some of the pain of paying it back.
The Consumer Financial Protection Bureau has stepped up pressure on independent banks and lenders such as Wells Fargo to treat their borrowers better.
Bills. Student loans. Rent. Yes, it's hard to set aside money for retirement—but these easy strategies can help.
I was an unemployed musician (read: bum) before running up big college debt. The post Student Loan Debt is Awesome!! appeared first on The Good Men Project.
It’s a sad reality that most students cannot graduate from a four-year university without being saddled with thousands of dollars of debt. And if you choose to stick with your standard loan repayment plan without looking into other options, you could be stuck paying sky-high interest rates for ten years or more! This is where […]
An insurer for the shuttered Marinello Schools of Beauty has agreed to pay $13.5 million to settle allegations that the cosmetology school ripped off the federal student loan program, the U.S. attorney’s office said Wednesday. The federal government had alleged B&H Education of Beverly Hills, the...
With the pressure of student loan debt, the rising cost of living and a growing entrepreneurial attitude, millennials are looking for new ways to make more money. Starting a side hustle or freelancing are viable options, but how can young people with full-time jobs find ways to make more money [...]
Amazon Prime has several money-saving benefits for students, including discounted student memberships and textbook rentals. Now, Amazon Prime is offering discounted student loans to its list of perks. Hold up — Amazon is selling student loans right alongside a yodeling pickle...
When refinancing student loans, many lawyers stumble on whether to choose the fixed or variable rate. Typically, the variable rate is the better choice. Staring at the loan refinance package offered to me by Earnest, I kept looking back and forth between the variable rate and the fixed rate. Show More Summary
Once you have repaid the loans with the highest interest rates, you can apply those monthly payments to your other monthly loan payments. In this way, you can repay your lower-interest loans in a faster period of time than you originally set up.
America's largest retailers are facing a threat that is rarely discussed — student loan debt. Consumers make $80 billion in loan payments a year, Moody's retail analyst Charlie O'Shea said on Bloomberg TV. This means they have less money...Show More Summary
U.S. consumers say Lincoln is their favorite automaker; advertisers abandon Ryan Lochte over Rio Olympics lie; and Wells Fargo fined for deceiving student loan borrowers. These headlines and more from CBSMoneyWatch.
The latest trend in employer benefits is to offer student loan repayment assistance. Millennials are jumping at the opportunity to receive help with their payments.
The $4.1 million sum includes a $3.6 million penalty to the Consumer Finance Protection Bureau and a $410,000 fund for borrowers.
The CFPB cites it for illegal actions at one of its units that services 1.3 million private student loans in all 50 states
Student loans are a reality for millions of recent graduates and even some of us who have been out of school for a while. Americans alone have 1.36 trillion dollars of student loan debt. That's second only to U.S. mortgage debt. Don't worry! There are plenty of ways to manage your student debt and...
Readers should be thankful that Senator William Roth sponsored the legislation back in the 1990s to establish the Roth IRA. When I was in law school, I borrowed extra money from my student loans to fund two years of Roth IRA contributions. By my reasoning, the Roth IRA accounts were “use it or lose it” […] The post Why I Love The Roth IRA appeared first on The Biglaw Investor.
Shutterstock With theaverage student loan debt creeping up over $37,000 for the Class of 2016, it’s not hard to find young adults who are stressed about their debt. So if you’re feeling overwhelmed, you can rest assured you’re not alone.Still, you don’t have to accept your debt – or your repayment [...]
Who is Jill Stein, and why does she want to eliminate your student loans? Before she makes it happen, she’s asking one thing of you, first. According to Voice of America, student loans hold more than 43 million United States citizens financially captive. Show More Summary