Student debt continues to be a major issue for college students and graduates in the U.S.
U.S. total student debt is now over $1.4 trillion, and the average debt for a college graduate in 2016 was $37,000. And 44 million Americans now have student debt to their name.
The video below gives tips on how student loan borrowers can avoid falling behind on their payments. It also explains why millennials should be saving for retirement even if they have student debt.
When the Excelsior Scholarship Program was announced, many believed it meant that the majority of students in New York state would now be able to attend college for free.
That’s not entirely the case, as we explain in our recent post about the program. And more details have emerged that should give pause to students and families depending on this program.
Many of our clients have been asking about the new Excelsior Scholarship program, which will provide free tuition at in-state public colleges for New York state students if their family meets certain income requirements.
While it may sound too good to be true, there are a lot of important details and things you need to keep in mind when considering the program. Read these important FAQs about the program, and contact us if you want personalized help figuring out whether it is a good option for your family.
The second post in our student loan refinancing companies series focuses on Credible, a student loan refinancing marketplace that gives you access to multiple lenders with just one application.
Credible doesn’t do any lending itself, but rather aggregates personalized offers from different lenders, including banks and online companies. This allows you to apply for refinancing with multiple lenders all in one place.
While a Bachelor’s Degree is a prerequisite to most good-paying jobs these days, many college graduates have not seen their incomes increase since the 2007-09 recession, a new study finds.
The biggest factor in whether or not wages increased was a college graduate’s major, the study found.
With private student loan interest rates on the rise, and the high cost of college forcing many students and parents to take on debt to pay for college, student loan refinancing has emerged as an option for borrowers to reduce their interest rates (depending on their credit score) and save money on repayment.
Find out why you should consider refinancing your student loans, and learn about SoFi, one of the best-known student loan refinancing companies.
College is expensive enough when it lasts four years. But the majority of college students don’t graduate in four years–and the additional years and courses they take can significantly increase their college costs.
Every extra year a bachelor’s degree-seeking student spends in college costs an average of $68,153 in additional tuition, fees, and living expenses, plus forgone income, Complete College America estimates.
When you have multiple kids in college, filling out the FAFSA can be tricky. Luckily, the Department of Education put together a guide to answer your most pressing questions.