With students carrying an average of nearly $30,000 in student loan debt upon graduation, many are left wondering how they'll payoff their loans. There are numerous repayment options for students.
Trade promotion authority that the White House needs for both the TPP and the TTIP is now hanging by a thread. A well-placed boot by Hillary Clinton would be the coup de grace. It would show leadership and political nerve. Some Wall Street supporters might get off her bandwagon -- and good riddance. She has plenty to spare.
Last week, Sen. Elizabeth Warren, the Senate's foremost advocate for lowering student debt and lowering the cost of college, received a petition signed by over 240,000 people. The petition called on Congress and the president to cancel all student debt.
Paying off student loans may seem daunting, but when loans are managed effectively, they are more than worth it for most borrowers. We've all (mostly) been there, and if you get overwhelmed, don't forget that there are lots of options to help you manage and reduce your payments.
Understandably, parents and students are elated upon finishing college or graduate school. Getting a degree is something to be proud of, however, academic success does not always lead to fiscal maturity.
Believe it or not, these aren't sob stories. Instead, they're tales of victory.
Scammers will try to take advantage of borrowers by promising lower payments or creating forgiveness programs that don't exist. Others will promise to have your loans discharged, or your defaults forgiven for a fee. Ultimately, a victim of a scam can be charged thousands of dollars in enrollment fees as well as monthly fees for a service with little or no value.
College shouldn't cost that much. There is no justifiable reason as to why we have to pay that much money. None.
Senator Elizabeth Warren has reintroduced her bill allowing borrowers with outstanding student debt to refinance at lower rates. This will certainly appeal to those students with high-interest rates in the 7-8 percent range, but it won't help those struggling to pay their debt.
Financing one's higher education is a struggle for many as the average student debt for the graduating class of 2014 exceeded $30,000. Even if you didn't finish college though, you're not necessarily stuck with your potentially high interest student loans.
Brand names do not necessarily maximize student's financial success. If financial success is not driving the mania behind college admissions competitiveness, then what is?
Seven in ten college graduates in the United States now leave school with student loan debt, averaging about $29,000 per student. In order to help relieve the impact of student loans on your life, here are some ways to stay on top of your loans.
Which comes first, the down payment or paying back loans? Saving for a down payment can seem daunting while still repaying your student loans, but it can be done.
These are things I've noticed over many years, and especially this year during the college search. Think of it this way. Is that small, private college or public university really worth going into debt $30,000 to hundreds of thousands of dollars?
New York Governor Andrew Cuomo recently proposed a plan to provide two years of loan payments for graduates of New York colleges who remain in the state earning their degree and make less than $50,000 per year.
Though not out-rightly against aiding student borrowers, his political priorities clearly lay elsewhere--with shrinking big government, strengthening states' rights, and expanding the private sector.