Understanding how your loan servicer works, and communicating regularly with the company are your secret weapons for keeping your student loans under control.
The cost of college is not declining. And with the constant reminder that student loan debt is getting out of hand, parents and students are trying to find ways to make higher education more affordable. Even so, some families may not even realize that they are voluntarily increasing their expenses.
That's how the Banksters get their claws in your children as soon as they are old enough to vote. The credit card debt they use to get by while paying off their loans also may not be discharged in bankruptcy thanks to Bush's 2005 rule changes.
The most important lessons are not always learned inside the walls of our nation's top business schools.
The rule, which went into effect on July 1 of this year, is designed to reveal programs that carry high levels of student debt while yielding relatively subpar job credentials.
Alejandro Amor, the former owner-CEO of for-profit FastTrain College, is scheduled to face a jury trial in Miami Wednesday morning. Amor and his co-defendant face criminal charges of defrauding the federal government to obtain about $6.5 million in student aid -- Pell grants and Direct Loans.
The panelists spoke about the need for Republicans and Democrats to work together and find common ground to improve the Higher Education Act. That's great. But they didn't talk about the work all three of them have done to hurt higher education by backing the agenda of predatory career colleges.
When it comes to actually including Gen Y in any meaningful political discourse, both parties fail with flying colors.
First of all, if you are perfectly happy with your life, this blog may not be for you. This is for millions of people who go to work and are miserab...
For many, your deal may mean eating only canned tuna for weeks at a time, loading groceries onto maxed out credit cards, and defaulting on something and then faulting ourselves.
The fate of student debt will be determined not by new measurements but by what happens to it in real time as defaults and debt forgiveness continue to mount. Unfortunately, we still better keep our eyes on the horizon.
As you can imagine, this is a complex problem. On one hand you have the issue that the kids were clearly victims of identity theft. On the other hand it appears they received the benefit from the loans.
According to public data, it looks like International Academy of Design and Technology may have lied and misled you to encourage you to enroll. Government data doesn't show fantastic graduation rates.
Much has been said about the need for better information on college outcomes. Especially in an era of spiraling college costs and rising debt, it is more important than ever for students to be able to understand their return on investment - and thus, the theory goes, make better decisions.
As a consumer debt expert for decades I've developed a pretty good sense of reading the tea leaves of debt. Sometimes this means making some sense out of puzzle pieces well in advance of assembly.
You have many important decisions ahead of you. Ask for help. Do your research before you make these critical choices. The path you choose will impact you for many years to come.