Tag: repayment plans


U.S. to forgive at least $108 billion in student debt in coming years

Posted on December 12th, 2016

Good news for student loan borrowers burdened with debt: the U.S. is on pace to forgive at least $108 billion in student debt over the next 10-20 years, according to a report from the Government Accountability Office.

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Borrowers would go to dramatic lengths to pay off student debt

Posted on February 15th, 2016

What would you do if you could have all of your student loans paid off?

A lot, most students say, including taking a punch from boxer Mike Tyson.

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Federal student loans are now easier to repay

Posted on November 18th, 2015

The government recently dropped some huge news for those with federal student loans.

Starting Dec. 16, all federal student loan borrowers will be eligible for an alternative repayment plan called Revised Pay As You Earn (or REPAYE), MONEY reports.

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Income-based student loan repayment plans underused by struggling borrowers

Posted on September 16th, 2013

"For federal student loans, there’s no reason why students should be defaulting...It’s unfortunate we have these good plans out there, but we just don’t do enough to help people get into them." -- Rory O’Sullivan

With outstanding student debt now topping $1.2 trillion, it’s extremely important for students to understand their repayment options and take advantage of relief programs to avoid defaulting on their student loans and hurting their credit. But according to ThinkProgress, students aren’t taking advantage of these programs. While one in eight student debtholders is in default, just three percent are enrolled in the income-based plans offered by the […]

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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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