The most commonly cited reason for defaulting on student loans is the inability to afford monthly payments. If you believe your chance for default is high, there are preventative tactics to make sure you don't suffer the consequences of a student loan default.
While Santorum has gone after the traditional university for their inability to give students the skills needed to compete for jobs on a global scale, he has staunchly defended for-profit colleges.
The for-profit behemoth Corinthian Colleges is experiencing a spectacular fall. A $30 million fine by the Department of Education for falsifying placement data, numerous on-going state probes, a massive sell-off of schools and an abrupt bankruptcy filing that left some 16,000 students in the lurch.
The idea is simple: when students initially take out their loans, they have weak credit scores and little to no income, but after they graduate, both their credit history and their income should be stronger, making them eligible for more favorable interest rates and terms.
There is a good deal of misinformation about student loans. Unfortunately, this discourages many graduates from tapping into ways to lower their student loan debt. A common misconception is what exactly student loan consolidation and student loan refinancing are.
Given his past statements, it is fair to assume that Carson does not favor legislation as a device to make college more affordable, instead he favors more "elbow grease" and other private sector solutions.
During this pivotal period, it's a smart idea to provide them with a gift that will impart an important investment lesson and give them a financial boost and offer them a head start as they pursue their career.
To round off National Small Business Week, we're looking at ways small business owners and entrepreneurs can get a leg up on short-term funding and beginning capital. All online, and fast.
Jindal seems content to make deep cuts in government funding for colleges while continuing to encourage them to raise their tuitions, all the while maintaining a popular grant program that helps but does not cover the difference for students.
Despite some recent bad press, for-profit education does create a path to education for many Americans. If you take advantage of it, understanding your student loan options is critical.
Nobody wants the bragging right about having the most student debt. How about facing a monthly payment of $850 for the next 20 years? Or maybe a $350,000 loan thanks to high variable interest rates? Unfortunately, these are real student loan nightmares that help make up the $1.2-trillion total debt facing graduates today.
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.
A business that was getting as much as $1.4 billion a year in federal aid now has claimed in court that it has just $19 million in assets, but $143 million in liabilities. So who is owed all this money, and what does that tell us about Corinthian's conduct?
This is part of an ongoing series by Credible about how the 2016 presidential candidates would affect student loans and the financing of edu...
She has not specifically laid out how her government spending reduction plans would affect student loans. She has been criticized in the past though for her stance on budgeting and student loans.
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.