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Private Student Loans

What Can I Do About My Overwhelming Student Loan Debt?

Steve Rhode | Posted 05.14.2013 | Business
Steve Rhode

Huffington Post Reader Question Dear Steve, I borrowed about 130,000 for my education.. :( I don't know why it was so much, but I did study aboard, ...

Will I Ever Be Able to Recover From My Delinquent Private Student Loans?

Steve Rhode | Posted 05.13.2013 | Business
Steve Rhode

Reader Question Dear Steve, After years of being ill and deciding to take on school i graduated and went onto work but had my student loans to accou...

How to Get Out of Student Loan Debt

Steve Rhode | Posted 05.01.2013 | College
Steve Rhode

Failing to pay student loan debt has serious consequences. Your tax return refunds can be intercepted, massive collection fees of up to 20 percent of your balance can be added, it will hurt your credit score, and your wages can be garnished without going to court.

Federal Agency Zeroes In On Private Student Loan Crisis

The Huffington Post | Tyler Kingkade | Posted 02.25.2013 | Business

The Consumer Financial Protection Bureau announced Thursday that it is taking another dive into the student debt crisis. The agency will focus on refi...

Senators Push To Reform Student Loan Bankruptcy Rules

The Huffington Post | Tyler Kingkade | Posted 01.24.2013 | College

Three U.S. Senators unveiled legislation Wednesday to reverse a 2005 change in bankruptcy laws that makes it nearly impossible to have private student...

What You Need to Know to Start Paying Off Your Student Loans

Posted 12.10.2012 | College

As college debt soars over $1 trillion in the U.S., students across the nation are struggling to pay for their degrees. Rising college tuitions, a...

Yay! Feds Announce New Pay-As-You Earn Program For Student Loans

AP | By JUSTIN POPE | Posted 02.06.2013 | College

-- A new version of the income-based federal student loan repayment program that's more favorable to many borrowers will go into effect starting Dec....

INFOGRAPHIC: How Obama And Romney Compare On Student Loans

Posted 10.23.2012 | College

At more than $1 trillion, there's more student loan debt than any other type of consumer debt in the United States. But because of a 2005 law usher...

Better News On Student Loan Defaults

AP | JUSTIN POPE | Posted 11.28.2012 | College

After a sharp jump during the worst of the recession, new figures show the number of students defaulting on federal loans seems to be stabilizing. Stu...

Private Student Loan Borrowers Aren't Using All Their Federal Aid

The Huffington Post | Tyler Kingkade | Posted 09.14.2012 | College

A majority of college students who took out private loans to attend school didn't use the low-cost federal aid options that were available to them. ...

Should You Pay Off Your Student Loans Quickly?

AP | JOSEPH PISANI | Posted 11.06.2012 | College

Feeling trapped under a mountain of student loan debt? Joe Mihalic did. So a year ago, the 29-year old Harvard Business School graduate aimed to wipe...

GOP Platform Calls To End Support For Low-Income Students

The Huffington Post | Tyler Kingkade | Posted 08.30.2012 | College

The Republican Party Platform approved this week in Tampa calls for an end to the federal direct student loan program and would instead give governmen...

Tyler Kingkade

No Way Out: Will Congress Change Bankruptcy Laws For Student Loans?

HuffingtonPost.com | Tyler Kingkade | Posted 04.17.2013 | College

NEW YORK -- Edith Oquendo wishes she could file for bankruptcy. When Oquendo, a resident of Kissimmee, Fla., left her job as a photographer at Walt...

So You Just Graduated College, What Do You Do About Your Loans?

Posted 08.05.2012 | College

Graduating college is an exciting experience. It's the start of the rest of your life. You get to walk away from classrooms and exams and finally han...

What the CFPB Report on Private Student Loans Missed

Credit.com | Posted 09.26.2012 | College
Credit.com

It describes how PSL growth exploded during the run-up to the 2008 collapse because of the same credit underwriting, regulatory oversight and consumer disclosure deficiencies we've seen with other types of lending.

It's The Housing Crisis All Over Again

AP | DANIEL WAGNER | Posted 09.19.2012 | Home

WASHINGTON — Risky lending caused private student loan debt to balloon in the past decade, leaving many Americans struggling to pay off loans th...

Tyler Kingkade

Study Finds Disturbing Trend With Private Student Loans

HuffingtonPost.com | Tyler Kingkade | Posted 07.20.2012 | College

NEW YORK -- Students took on more student-loan debt than they needed or could handle, during a borrowing boom from 2004 to 2008, largely due to relaxe...

Congress Isn't Doing Enough To Help Students, Experts Say

SmartMoney | AnnaMaria Andriotis | Posted 06.27.2012 | Home

SmartMoney: Congress may be close to reaching a last-minute deal to stop interest rates on popular federal student loans from doubling – but expe...

Why You Shouldn't Jump At Low Interest Rates

AP | CANDICE CHOI | Posted 08.20.2012 | Home

NEW YORK — For college-bound students, the easy money seems to be everywhere. The website for Discover's student loans says it can help: "Cover...

Private Student Loan Debt Is Ruining People's Lives

The Huffington Post | Alexander Eichler | Posted 06.15.2012 | Home

The graduates have spoken. Student loan debt is weighing down a generation. This week, the Consumer Financial Protection Bureau published almost 2,...

Loren Berlin

Former Students Lend To Current Students To Finance College

HuffingtonPost.com | Loren Berlin | Posted 04.02.2012 | Home

Can former students help solve the student loan crisis? That's the reasoning behind a new loan initiative launched last year at Stanford University, o...

Is Education Going the Way of the Housing Market?

Harmon Leon | Posted 07.12.2011 | College
Harmon Leon

Total student loan debt in the U.S. has now topped credit card debt, expected to reach $1 trillion this year. Hurrah! A mountain of debt is now the new American Dream.

The Trillion Dollar Student Loan Horror Story

Harmon Leon | Posted 06.14.2012 | Comedy
Harmon Leon

Do you know what a trillion dollars looks like? That's the amount of debt student loans are expected to top this year. A trillion -- flipping -- dollars.

Sallie Mae Intensified Lobbying Amid Loan Overhaul

AP | Posted 05.25.2011 | College

NEW YORK — Student lender Sallie Mae spent $1.86 million to lobby the U.S. government in the first quarter, as lawmakers debated the passage of ...

Private Student Loans Would Be Killed By House Bill

AP | LIBBY QUAID | Posted 05.25.2011 | Politics

WASHINGTON — The House voted Thursday in favor of the biggest overhaul of college aid programs since their creation in the 1960s – a bill ...