As an employee of a bank offering a national student loan refinance and consolidation program, I often speak with recent graduates looking for guidance on questions regarding their student loans. So, for those of you who still don't fully understand how student loan refinancing works, let me help you out.
When we found out expectation paired with effort wasn't the end all, we added new needs to the equation of success. These needs became creativity, the ability to see beyond expectation and hard work, and the need to change the landscape of what we want success to be.
"I can't breathe" speaks from the grave and describes the circumstances faced by many who are being choked by a system that treats different races and classes of people unequally.
I am not saying that student loan indebtedness should be ignored. It is a problem, but it is less serious than other related problems. It is a symptom of a vicious cycle: State governments have reduced funding for higher education, which pushes tuition higher.
There is a tremendous financial burden being unfairly heaped upon students. What was supposed to be a public service to provide greater accessibility to a college education for those who lacked other options now preys upon those it's supposed to help.
Treating Corinthian as too big to fail, and thus sacrificing students and common sense, simply to find a buyer, any buyer, is a terrible course and a terrible precedent. The time to stop this bad decision is right now.
Whether you are still deciding on college, taking out your first loans or are already in repayment, there is a lot to know about borrowing and repaying student loans.
Higher education has long been considered the key to escaping poverty, but it doesn't come without a price tag attached. For black students, the cost is often higher than their white classmates.
Having helped over 1,000 lawyers with their student debt in the last three weeks alone, we have perspective on which states are most attractive destinations for young lawyers trying to repay their law school debt.
The problem of spiraling college tuition costs are the result of colleges' increasing dependence on federal and private loans. Colleges have continued to hike up their sticker prices with little risk as students and taxpayers absorb the financial burden of student loan payments and defaults.
Even simply knowing exactly what you're paying each month can be tough if you're repaying multiple loans with different billing systems, interest rates and complications. Here are three things you can do before December ends in order to save yourself both money and time in 2015.
Student loans can be a minefield. Many graduates put off refinancing their student loans simply because they don't understand the process.
Acquiring student loan debt can be an intimidating, confusing process; however, in today's educational environment, it's often a necessity in order to finance a college education. With proper advance knowledge and research, student loans are a worthwhile option.
Despite the sticker shock, the public has consistently believed that college is worth the money -- though questions that mention actual dollar amounts tend to leave respondents somewhat more skeptical.
Who would have thought it? Would you believe there is set of financial tools and resources out there just waiting for you to stop by and give them a spin?
I graduated law school with $206,000 of student loan debt (woof). While I have paid off $50,000 in three years, I still have $156,000 to go. For all you student-loan-debt-suffers out there, no doubt your student loans affect your life.