Tag: repayment options


How to pay back student loans

Posted on August 21st, 2013

If you recently graduated college, remember that your grace period doesn’t last forever. Come fall, 2013 college graduates will start receiving student loan bills from their lenders.

The Buffalo News offers some great tips on paying back your student loans and outlines the different types of repayment programs.

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Student loan debt is a symptom, not a disease

Posted on June 18th, 2013

"As the President and Congress spend all their time focused on interest rates and repayment plans, the cause of all this debt continues to grow with impunity. This continued focus is dealing with the symptoms of student indebtedness and not the disease." -- Craig Anderson

This enlightening post from Common Sense Student Loans argues that the student loan debate going on in Congress right now is preventing us from dealing with the root “disease” of skyrocketing college costs. Student loan debt, author Craig Anderson argues, is a symptom of this much larger issue, and current government proposals are merely Band-Aids […]

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The differences between private & federal student loans

Posted on June 14th, 2013

Student debt is a huge issue, and borrowers with private student loans get the worst of it. Check out this chart and read on to learn about the differences between federal and private student loans.

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Senate deadlocks on student loans

Posted on June 7th, 2013

The Senate deadlocked Thursday over federal student loan interest rates, with no consensus in sight on how to prevent rates on certain loans from doubling for about 7 million borrowers on July 1.

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How quickly should I pay off my student loans?

Posted on June 5th, 2013

After college, it can be very stressful for young adults to figure out how to best allocate their money. One of the most common questions we receive is how quickly borrowers should pay off their student loans.

After graduation, young adults are often faced with a host of new responsibilities and expenses: rent, utilities, car payments, and of course, student loans. While they’re trying to pay their bills on an often-meager entry-level salary, they’re also being told to save for retirement and put aside money for emergencies. What should you do–pay off your student loans as quickly as possible, or make lower payments and put the rest toward savings, investments, or other expenses?

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Recent college grads discuss the burden of student loans

Posted on May 29th, 2013

A majority of the Class of 2013 graduated with student loans. In the video above, three new graduates talk to CBSNews.com how their loans are influencing their plans for the future.

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New York representatives call on Congress to take action on student loans

Posted on May 21st, 2013

"An affordable and quality education should be readily available, but too many students today are facing crippling student loan debt. If nothing is done, millions of students and families will face higher student interest rates that they simply can’t afford." -- Rep. Steve Israel

With the national student debt currently at more than $1 trillion and a new crop of recent graduates entering a less-than-stellar job market, keeping interest rates low is essential for reducing overall student loan debt and helping borrowers make their monthly payments. But the current fixed interest rates on subsidized federal Stafford loans are set to […]

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The shockingly high price of student loan forbearance

Posted on May 14th, 2013

Getting a forbearance on your student loans can be a good short-term option if you’re struggling with repayment. However, the interest can really add up, and you might end up paying thousands of dollars on top of the loan after just a few years of forbearance. Watch the video above for one student’s story about the long-term costs of forbearance.

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Worried about student loans? Here’s how to pay them off.

Posted on April 28th, 2013

"By educating themselves on their student loan rights and responsibilities, borrowers can find themselves on more solid financial footing after graduation." -- Regina Lewis

According to a TransUnion study, student loan balances increased 75% from 2007 to 2012. The average debt per borrower increased by 30% to $23,829. In the wake of surging student debt, USA TODAY explains the best way to pay back your student loans, including deferment, “pay as you earn” plans, loan forgiveness, and more.

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The deceptive practices of for-profit colleges

Posted on March 21st, 2013

Schools that operate for-profit have recently come under fire for deceptive recruiting practices and low educational standards. In the video above, ABC News investigates for-profit colleges accused of misleading prospective students about job prospects post-graduation.

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