Many people, including many student debt holders, may be surprised to learn that people can be pursued for student debt even into their elder years. In fact, the government is withholding Social Security payments for some retirees, because their student loans have not been fully repaid.
With interest rates at record lows and the Federal Reserve confirming expectations of rising interest rates before the end of 2015, now may be an ideal time for college graduates to consider refinancing their high interest rate student loans.
The right repayment plan for you will depend on your income, credit history and many other factors such as your ability to support higher monthly repayments. This article looks at how to pick the best student loan repayment plan for you.
Higher rates will keep inflation in check. By making it more expensive to borrow it also slows consumer demand. That rising consumer demand from a strengthening economy causes prices to increase... or inflation.
College students across the nation are working toward earning their degrees in hopes of one day having a career that will provide them with financial security. While many students dream of financial independence, the reality is that the rising cost of college tuition is leaving many of today's graduates with burdening student loan debt.
For high school graduates and college students, summer break is a great time to relax and enjoy the weather. However, it's also an important time to plan for the next academic year and ensure that you take advantage of the resources available to help students like you.
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To ensure the ongoing health of the student loan market, it would be beneficial for all student borrowers to make their scheduled monthly payments, and complete their repayment schedule by the loan maturity date. However, on an individual basis, this might not be so easy.
Millennials may be spending more for college and racking up record debt, but they don't mind, according to a new survey of 500 university graduates by Credit Sesame.
Retirement prospects seem grim for Millennials, but they're especially tough for first-generation Latinos from mixed immigrant status families. Yet as a young Latina, I'm more worried about my family's retirement prospects than my own.
Mr. Hansen is fighting to see that some of the same students enrolled on the basis of such abuses can be socked with enormous collection fees that will go in his company's coffers. Of course, Hansen isn't coming up with all his ideas himself.
The good news: Employing all of the following 10 tips can help you get rid of your student loans in just one year. There are, however, a couple of things to consider, such as how much you owe versus how much you're earning.
Recently, Arne Duncan, U.S. Secretary of Education, and Under Secretary Ted Mitchell held a conference call discussing the Department's plans for debt relief for Corinthian College students as well as to discuss holding other predatory schools accountable.
The continued growth of student loan debt in the United States has reached staggering numbers of more than $1.2 trillion and 40 million borrowers. Those pursuing a medical, dental, MBA or law degree have to deal with a serious price tag that is significantly higher than the national average undergraduate balance of $29,000.
If you serve or have served your country in one of the armed forces, then you are eligible for various types of educational financial aid. The options differ if you are in school, if you have already graduated but have not yet enlisted, or if you are on active duty or a veteran.
For MBA graduates, student loan debt is all too common. In fact, nearly 70 percent of all graduate students finish school with some level of MBA student loan debt. For business school grads, the average amount of debt is $42,000, according to The Graduate Student Debt Review.