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.
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 […]
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.
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.
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?
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.
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 […]
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.
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.
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.