Student loans make for big business, but the rest of finance is even bigger. SoFi, the company that started by refinancing student loans, will raise a whopping $500 million, it announced on Friday. The Series F funding round valuesShow More Summary
Online finance startup SoFi got its start refinancing student loans but gradually has been adding other services to members. To expand into new regions and move closer to becoming a full-service financial services company, SoFi has confirmed that it raised an additional $500 million in equity financing led by Silver Lake. Read More
When bank loans and personal savings run thin, thousands of students are turning to an unlikely source to pay for college: crowdfunding. A marijuana entrepreneur brings in over $1 million a year running a 'bud and breakfast' hotel The...Show More Summary
A dynamic economy needs highly educated workers and entrepreneurs who can afford to take risks. Mountainous college debt stunts both.
When bank loans and personal savings run thin, thousands of students are turning to an unlikely source to pay for college: crowdfunding. New data released by GoFundMe, the crowdfunding site launched in 2010, finds that within the last...Show More Summary
From Torsten Sløk, Ph.D.: Per capita debt levels have moved essentially sideways over the past decade, see chart below, and student loan, auto loan, and credit card balances are all very low compared with mortgage debt levels. For example,...Show More Summary
Americans owed astronomical sums on their student loans as of early 2017 – a little over $37,000 per average borrower and $1.3 trillion cumulatively. The rising costs of college coupled with decreasing student aid have created the perfect storm for wholesale indebtedness, leaving millions of graduates wondering how they’ll cope. Show More Summary
Spending student loan money on non-essential items is a great way to keep the yoke of debt tightly around your neck much longer than it needs to be. Learn more about frivolous student loan spending from this infographic!
It’s likely you’ll come across student loan scams if you’re researching repayment options. Here are some red flags to watch out for.
Student debt isn't just for your 20s anymore. With more than $1.3 trillion dollars in outstanding student loan debt in the United States, more and more students are taking decades to pay off their loans. Some student borrowers, according to the New York Times, are saddled with debt well......
Student Loan Club is bringing a unique approach to student loan repayment. Find out what it is in this week's Small Biz Spotlight.
That's trillion with a T.
The story of the Car Loan subprime lending epidemic is nothing new (one of many, student loans etc). Zerohedge has been writing about it for years, with the financial MSM catching on not too long ago. Even John Oliver had a segment about it on his popular show, Last Week Tonight. Show More Summary
Essential Education: Big money flows to L.A. school board races Feb. 21, 2017, 10:21 a.m. Welcome to Essential Education, our daily look at education in California and beyond. Here's the latest: More than $3.3 million in outside spending has poured into the L.A. school board race. A new California...
If it seems like you aren't making a dent in your college debt, read this.
"Ask Brianna" is a Q&A column from NerdWallet for 20-somethings or anyone else starting out. I'm here to help you manage your money, find a job and pay off student … Click to Continue »
In the U.S., the student loan debt crisis impacts over 44 million borrowers who hold over $1.3 trillion in student loan debt.
Over the last 15 years the starting salary for recent college grads has declined about $4000. Unfortunately, as ValueWalk.com details, the amount of student loan debt most students are graduating with has skyrocketed. You can now expect...Show More Summary
Student loans were the leading cause for a substantial increase in household debt last year, the Federal Reserve Bank of New York said Thursday. While the high balance of US student debt is not news anymore, the new record-high $1.31...Show More Summary
Americans are same or more in debt then the crisis in 2008. From credit card debt, car debt, house debt, or just general debt, more Americans are finding hard to pay off debt. Student loan debt is a big factor as cost of learning is going higher every year. From rising rent costs or food […]