The average teacher accrues over $50,000 in combined debt to receive a master's in education. Trying to overcome a $400 monthly payment does not have to be handled on your own and fortunately, there are forgiveness options available on a state and federal to help repay student debt.
If your financial aid package left more financial burden on your parents than you would like, it's not time to panic. The U.S. Department of Education offers a loan program designed specifically to help bridge any gaps in your college expenses. Here's what you need to know about using Parent PLUS loans to finance your undergraduate education.
Believe it or not, these aren't sob stories. Instead, they're tales of victory.
Reinforcing his pro-lender stance, Senator Graham was the leading opponent of the 2010 legislation that President Obama signed into law regarding the administration of student loans.
Most students who are entering college today will need some form of financial aid in order to cover all of their college related financial expenses.
It has been almost two years since publicly-held student loan debt reached the $1 trillion mark. According to The Institute for College Access & Succe...
The objective of this renewed initiative is to direct the Department of Education and other federal agencies to help people pay back their loans as quickly and easily as possible. The presidential memorandum outlines four goals.
Scammers will try to take advantage of borrowers by promising lower payments or creating forgiveness programs that don't exist. Others will promise to have your loans discharged, or your defaults forgiven for a fee. Ultimately, a victim of a scam can be charged thousands of dollars in enrollment fees as well as monthly fees for a service with little or no value.
By our best estimates, there are approximately 7.3 million borrowers holding some $106 billion in defaulted student loan debt. While there's no official line, it's probably safe to say this qualifies as a "crisis."
Senator Elizabeth Warren has reintroduced her bill allowing borrowers with outstanding student debt to refinance at lower rates. This will certainly appeal to those students with high-interest rates in the 7-8 percent range, but it won't help those struggling to pay their debt.
With not a peep out of the Texan regarding student loan refinancing, it seems Perry won't take on big lenders should he achieve the nation's highest political office. His priorities would lie instead in reshaping the American university to a pared-down business model favoring efficiency over elitism. While big colleges would take a hit, the big banks would be safe.
Even if you breezed over the fine print when accepting your loan, it's never too late to catch up. Whether you just graduated or have been out of school for a couple years, understanding the basics of your student loans can save you money in the long run.
Webb's position on college affordability, like much of his record, doesn't fit neatly into any political box. While he has been a staunch defender of rural, impoverished communities in many of his speeches, his positions on college affordability have shown him to be far more to the right than you might think.
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.