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.
Paying off student loans may seem daunting, but when loans are managed effectively, they are more than worth it for most borrowers. We've all (mostly) been there, and if you get overwhelmed, don't forget that there are lots of options to help you manage and reduce your payments.
Understandably, parents and students are elated upon finishing college or graduate school. Getting a degree is something to be proud of, however, academic success does not always lead to fiscal maturity.
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.