There is a little known federal program, Public Service Loan Forgiveness (PSLF), which entirely forgives the indebtedness of a lawyer who elects to work in public service, rather than at a law firm or in-house at a corporation.
The entire US economy is being held back by the economic limitations of 43.3 million Americans straddled by $1.2 trillion in debt constraining more productive consumption and investment choices.
I'm ashamed to say the first $3,700 of my student loan took nearly three years to pay off. And not because I lacked funds. It just wasn't a priority. I figured the loan would get paid off eventually so what was the rush? (Not my brightest thought.)
The Clinton plan is a step in the right direction. But it's not debt free. The Sanders plan offers real solutions to the high costs of college tuition and student debt, and as such, real progress towards the building of a robust democracy.
I went to a community college about 22 years ago. In order to go I had to take out several loans in the last six months of my college life I became extremely ill. I contracted a brain infection that left me with no memory of what I even took in college.
This morning I woke up to an email from Nelnet stating I have a notification about my student loans. When I went into my Nelnet account, I had this message waiting for me...
If we want our students to continue to educate themselves and continue the tradition of making the American workforce the best in the world, then we must encourage education rather than put up barriers.
The teacher student loan forgiveness program can be a bit confusing. While it is true, federal student loans can be forgiven in full for some teachers, you have to read the fine print. Not all loans are eligible for forgiveness.
Going delinquent is a strategy for some but not a blanket solution for all. Being in significant default on your student loans lower your credit, subject you to being sued, and put any cosigner that you might have in potential trouble.
A better educated workforce is needed to compete more effectively. A high school education is no longer sufficient in a post-industrial society. But can enough people afford that? Yes, but they need to work for it, in a different way than you think
Future college students -- who face rapidly rising tuitions -- and today's debt-laden grads both could benefit from a proposal unveiled Monday by Hillary Clinton at a campaign stop in New Hampshire.
I just wanted to find a cliff and jump. I wanted to uppercut everyone who graduated with no debt.
A Stafford Loan is currently the most popular student loan among federal student loan options due to its low interest rates and numerous borrower benefits. All Stafford Loans are eligible for in-school deferment, which allows students to defer repayments if enrolled in school at least half time.
As the cost of college tuition continues to rise, many parents and students are increasingly turning to private and federal educational loans to fund college education expenses. Here are five things that you should consider to get the most out of your student loans.
My students are left facing a quandary: if they don't spend thousands of dollars to get educated, they won't end up earning the money they need to afford a middle class lifestyle. But if they borrow the thousands of dollars for an education, they'll end up spending their careers burdened by debt.
I cut our grocery bill in half. The grocery total would vary every month. But in January 2014, I only spent $170 on groceries -- my lowest total ever. I like to feed my family organic produce, but I had to let that go for the sake of a bigger goal.