There's a big misconception that private student loans can never be discharged in bankruptcy. People have repeated that statement so often they believ...
A large percentage of college kids have not been taught to properly use credit. There are a few reasons for this. It could be that the parents don't understand it completely, so they pass on really bad habits. It could be that they just ignored the conversation at home. Here's why I think giving a college student a credit card is a bad idea.
Every year, students prepare themselves for a world of new experiences. Unfortunately, one of these experiences includes taking on a large amount of debt. Students are burdened with an average around $30,000 in student loans before they even enter the workforce.
What kind of world allows men like ATI's former CEO to be toasted as a humanitarians, while Tiffany Ondich and others defrauded by their schools struggle to make ends meet? President Obama, Secretary Duncan, and their Department of Education need to stand up stronger for students, right now.
Student loan refinancing sometimes referred to as a private consolidation, is emerging as a powerful tool for graduates to save on their student loans.
If legal remedies for borrowers, such as defense to repayment, exist only on paper, they are not worth very much. Meeting with Corinthian borrowers is the first step in the Department's necessary recognition that it needs to be more proactive and protective when it comes to student borrowers.
If the word "crisis" seems dramatic to you, you haven't been paying attention. The Federal Reserve recently released new data on student debt, and it shows that the situation is even worse than many people realized. There's a lot of new information available, but here are four things every American needs to know.
President Obama's efforts to simplify the student loan program and to end poor loan services and deceptive debt collection practices are all good. However, the changes he put forward do not go far enough to adequately address the problems of high tuition and high debt.
These programs have the opportunity to reap thousands of dollars in lifetime savings, and if you are fortunate enough to attend one of these exceptional institutions, it could really pay to take a closer look.
Anyone can die leaving debt behind. Spouses and families should help prepare or revise estate plans to address current credit issues and create an action plan for the possibility of remaining debt after the borrower dies.
Why isn't financial literacy education working? Because financial literacy education is largely funded by the very same businesses that prosper when young people make poor money decisions -- big banks, credit card companies and other huge financial industry businesses.
There are many resources for student loan borrowers trying to figure out repayment, and some go to financial planners for advice on how to manage their student loan debt as a part of a broader financial strategy that will carry them into retirement.
To help alleviate the sting of paying Uncle Sam, we asked CPAs to share some of the most commonly overlooked tax deductions and credits for everyone from newlyweds to new homeowners.
Will this latest court decision convince Globe University officials to stop pointing the finger at others and deflecting blame? Hopefully. It's well overdue and their students and graduates deserve better.
Many young people want to learn about managing money from their parents. A significant majority of teens we surveyed (84 percent) say they look to their parents for information about how to manage money.
Understanding the types of loans you have and comparing them against the other options that exist can help you determine if you are paying too much.