Dealing with any student debt is challenging, but what about when the amount is simply overwhelming? About one in five borrowers owes more than $50,000 in student loans, and 5.6% owe more than $100,000. It’s no wonder studies are showing...Show More Summary
Federal Reserve Bank of New York President William Dudley warned Wednesday that borrowing to finance higher education may not be for everyone.
Coming off of the best year for ABS issuance in the U.S. since 2008 and just in time for both total auto loans and total student debt outstanding to top the $1 trillion mark, we get a match made in FICO hell as the subprime lending unit...Show More Summary
Taylor Swift loves her fans. She's written them heartfelt messages, helped pay off student loans, and handed out Christmas presents. Now she's made a dream come true for one 4-year-old girl with terminal cancer, all through the magic...Show More Summary
Members of Congress are, on average, far wealthier than the typical American, but an increasing number of them have a now typical American financial obligation: student loan debt. Forty-seven members of Congress had a cumulative total of between $1.8 million and $4.6 million in student loan debt in 2013, according to their personal financial disclosure…
You're always faced with huge obstacles, like a bull in the middle of the road, or student loans.
Recipients of predatory loans, these students went on strike and pressed Arne Duncan. Here's why they just may win
Politco’s Michael Grunwald had a nifty scoop today, which ran under the slightly excessive headline, “The College Loan Bombshell Hidden in the Budget.” (One imagines dazed think-tank employees covered in bruises and shrapnel wounds.)...Show More Summary
This past week Strike Debt, an offshoot of Occupy Wall Street that has focused its energy and resources on debt relief and resistance, announced a student debt strike by the Corinthian 15, a group of former students of the for-profit...Show More Summary
As noted last week, the aggregate amount of loans for new and used cars will in short order eclipse the $1 trillion mark, joining total student debt in full-on bubble mode. Better still, early delinquencies on auto loans are now sitting...Show More Summary
The New York Times had a "news story" yesterday that attempts to downplay the effects of the growing Opt Out movement on the survival chances of the fetid Common Core. According to the Times, the Gates and Lumina Foundations don't have...Show More Summary
It's always better to pay off your loans sooner rather than later. However, when you're getting student loans, extended loan payment plans may be able to save you some money on interest, as long as you pay them like you got the shorter plan. Read more...
Income-based repayment misses the mark when it comes to solving the most damaging effects of educational loans.
The Debt Collective is a group of college students calling themselves the “Corinthian Fifteen” who are refusing to pay back their student loans. As part of this effort, the Debt Collective has written an open letter to the Department...Show More Summary
The U.S. Department of Education, under fire for its lackluster oversight of student loan contractors, said Friday it will terminate its relationship with five debt collectors after accusing them of misleading distressed borrowers at...Show More Summary
Borrowing for education has soared over the past decade, ballooning to $1.2 trln and growing far faster than GDP. With serious delinquencies at 11 pct and Washington on the hook, there’s a mess in the making. A Breakingviews calculator shows how big Uncle Sam’s exposure could get.
For several years now the government has offered federal student loan forgiveness programs aimed at helping borrowers to avoid defaulting on their debts. While recent reports have shown that the popularity of the programs has exceeded expectations, a group of six senators say the Department of Education could do more given the billions of dollars in payments it receives … [More]
A few weeks ago, I wrote about how Obama’s budget contained a $22 billion student loan bailout to cover a massive shortage of funds for the Department of Education Federal Student Loan program. Because the program is categorized as a...Show More Summary
How to cut your cellphone bill in half - Bankrate How parents can avoid getting crushed by student loans - HuffPost Business 12 times you're better off without a promotion - Wise Bread Everything to ask yourself before you leave your...Show More Summary
If you’re struggling to make your student loan payments, one option to explore is income-driven repayment plans. These plans are available to federal borrowers to help manage student loan debt. Under these plans, monthly payments are lower than under the Standard Repayment Plan. Show More Summary