Dear Liz: Are federal student loans turned over to a collection agency still collectible after 20 years? Answer: Yes. Very much so. There is no statute of limitations on federal student loans, which means collectors can come after you until you pay or die, whichever comes first. Statutes of limitations...
The man behind Trump University has some thoughts on student loans
If you’re trying to pay down credit cards, or pay off your student loans, it can be embarrassing to say you’re on a budget when your friends want to hang out. Instead of making up excuses or trying to lie your way out of it,own up to the truth. Read more...
Even when you make six figures and save diligently, your finances can create some anxiety. Ken [name has been changed to assure privacy], a 36-year-old pilot based out of Pittsburgh earns $100,000 a year. The 36-year-old has various savings buckets for retirement and a rainy day, totaling over $150,000. He’s a conscious spender, too, according […]
This is the time of year that a student loan grace period typically ends for spring graduates — but flexible repayment plans can help ease the burden.
Whether you were a Trump supporter or not, the $1.3 billion student debt issue is one that needs to be tackled. Trump called student debt an 'albatross' around the necks of borrowers. While he didn’t spend a lot of his election talking about student loans, he did offer several plans to solve...
These days, it's difficult to obtain a university degree without getting enveloped in the dark cloud of student debt, a cloud that's darkening rapidly. U.S. student loan debt is now reported to be growing by an estimated $2,726 every single second. Currently, over 43 million borrowers are holding $1.3 trillion [...]
Believe it or not, there are reforms on the horizon that could help some debtors—but it's far from clear if student debt is a priority for Donald Trump or the incoming Republican Congress.
Government Accountability Office, Federal Student Loans: Education Needs to Improve Its Income-Driven Repayment Plan Budget Estimates (GAO-17-22) (Nov. 30, 2016): Because Education administers the federal government’s largest directShow More Summary
A new report out of the Government Accountability Office reveals that the federal government will forgive at least $108 billion in student loan debt in the coming years, a higher amount than official estimates out of the federal government's Education Department, the Washington Post reports. The GAO report, which Inside...
Federal agency says Department of Education massively underestimated cost of repayment program
Your student loan payments can be a big burden, depending on where you live and how much you earn. While there are a handful of factors that go into your loan affordability, Student Loan Hero came up with their own index to gauge the best and worst states in the U.S. for student debtors. Read more...
There’s plenty of advice for managing loans, some of it good and some not so good.
For a few years I have been warning that higher education costs have escalated uncontrollably as wages for the masses have flat lined. As with autos and housing, the stop gap that enabled prices to vault well beyond income...
The Department of Education estimate targets 5 million borrowers with over $350 billion in debt.
To our complete shock, the Government Accountability Office has released a report blasting the Education Department's understanding of basic mathematics and accounting concepts after finding the department drastically underestimated the costs of Obama's student loan forgiveness programs. Show More Summary
The federal government is expected to forgive at least $108 billion in student loan debt as part of popular plans that tie repayment to borrowers' earnings, congressional investigators said Wednesday. … Click to Continue »
A new report by education researchers at RTI International found that the use of private student loans dropped by half between 2008 and 2012.
These four 'had to make football work' after going undrafted and nearly unnoticed
Enrollment in a program that forgives some student loan debt is skyrocketing as people apparently cannot make good on the loans they took out for the degree that’s not finding them a job in their field of study. There are a lot of rumblings about a student loan “bubble” and whether or not it is going pop just as the dot.com and housing bubbles did. Show More Summary