True or false: A good student who attends Yale will have much better outcomes (higher salaries and more job opportunities) than a good student who attends a state university. If you answered true, you’re wrong. And this widely-held belief is one of the main reasons families and students end up overpaying for “elite” universities. Up […]
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.
It’s not just tuition and room and board that are causing college costs to skyrocket: college fees are as well, according to The Hechinger Report. In fact, fees have been increasing far faster than tuition, nearly doubling at four-year public universities and more than doubling at community colleges since 1999-2000, according to a recent study. Hidden […]
It’s been widely reported that millennials and recent college graduates are putting off purchasing homes because of high student debt. But New York Gov. Andrew Cuomo has proposed a new program to make it easier for young college graduates to afford homes in our hometown of Upstate New York, the Times-Union reports. College grads incentivized […]
Great news for New York students considering attending college in their home state in the next few years. On January 3, New York Governor Andrew Cuomo announced a plan that would offer free tuition at state colleges (including community college) for all students with families making $125,000 or less, according to the New York Times. […]
We’ve written before about how student loans, unlike other forms of debt, can’t be discharged in bankruptcy–which is why it’s so important to be careful about how much you borrow.
Bankruptcy law says that, without proving “undue hardship,” a borrower can’t discharge a loan made for an “educational benefit.”
Recently, however, bankruptcy courts have started ruling in favor of some student loan borrowers and have allowed them to discharge their debt, according to The Wall Street Journal.
Student loan debt isn’t just a problem for millennials. It’s following baby boomers into retirement as well.
The government has collected about $1.1 billion from Social Security recipients of all ages to go toward unpaid student loans since 2001, including $171 million in 2015, the Government Accountability Office said in December.