Student loan repayment is often a long-term endeavor, but understanding the opportune times to adjust your repayment strategy could save you a lot of time and money over the course of your loans.
As the outstanding student loan debt in the United States now easily surpasses $1 trillion, students across the country are exploring ways to be smarter with their money. A key solution to save money is to explore student loan refinancing options.
Loans can throw a wrench in your finances and vacation plans. For recent graduates, student loans are constantly in the back of their minds. Thinking about how to budget and how to make your student loan monthly payments can put gradates into super saver mode.
Millennials are facing more student loans than ever before. Interest rates are high. Loan principals are even higher. Even those with good jobs are struggling to pay their monthly minimums.This is bad for a lot of reasons, one of which is that people in their 20s are not investing nearly as much as they should.
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.
Our grandparents are so concerned we won't have a savings account, but how could we possibly when we may only be able to put away $1,000 a year? So yes, I left New York City really pissed off.
The big question for the Vermonter will be how exactly the American government will be able to afford increased funding for higher education. If he can be more specific as to which corporate loopholes he would close, and what other government expenditures he would cut, Sanders could enjoy a prominent place in the national dialog.
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.
In trying to determine what a Huckabee campaign, nomination, or even presidency could mean for college affordability and student loans, let's take a look at what he's said and done so far.
Playing defense for the for-profit college industry is not unusual for Capitol Hill lawmakers. A high volume of campaign contributions have cemented ties between the for-profit college industry and members of Congress, especially Republicans.
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.
In looking at Christie's record on college affordability in New Jersey, and his statements on student loans and their impact on families, we get a decent picture of what a Christie presidency could mean for higher education debt.
If you have started paying on your student loans already, you have probably realized that there is a variety of repayment plans available based on your individual circumstances. How do I know which to choose?
Congress should amend the President's free tuition idea to create the civilian equivalent of a GI Bill for young adults who engage in 1-3 years of national service. That single change would turn the President's proposal from a college giveaway to an opportunity that serves both the individual and the country.
Last week, Senator Rand Paul demonstrated his concern with college affordability.He wants to allow all tuition and student loan debt to be fully tax deductible. Though this plan would be beneficial to students and their families, critics have pointed out that the wealthy would benefit the most.