Tag: repayment

Educate students on student loan repayment before, not after college

Posted on April 7th, 2014

"We have a serious disconnect when it comes to conversations about incurring and repaying debt." -- Karen Gross

Hechinger Report recently published a great opinion piece from Karen Gross on the ‘flawed conversation’ regarding the cost of higher education. She says that too much public focus is placed on the hard costs of college, and not enough on the repercussions of taking out student debt and alternative repayment options for students. We couldn’t agree more with her claims. […]

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Tax millionaires, not students, says Sen. Warren

Posted on March 7th, 2014

"This is real money that says America invests in those who get an education." -- Sen. Warren (D-MA)

Jennifer Lawrence might be America’s BFF, but Senator Elizabeth Warren (D-Massachusetts) is the modern college student’s best ally. Her latest student loan proposal aims put a large dent in the nation’s current $1.2 trillion student loan debt and provide relief for struggling borrowers. Student loan plan could save borrowers $1,000/year As part of the plan, current student loan borrowers […]

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Illinois introduces interest-free college tuition bill

Posted on March 4th, 2014

"With the recent explosion of student debt, it is clear we need a new approach to how students pay for college." -- Rep. Jay Hoffman (D-Swansea)

Imagine if you took out $30,000 for college and that’s all you had to pay back. For most student loan borrowers, that’s not the case. Due to compound interest, that $30,000 can easily turn into $40, $45, $50,000 or more by the time the graduate has paid it off. The burden of student loan interest […]

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Student loan consolidation explained with Play-Doh

Posted on February 5th, 2014

What is student loan consolidation and how does it work?

We love this video from StudentLoanConsolidator.com, which explains the process in a unique way–by using Play-Doh to represent student loan consolidation.

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The best gift for college grads

Posted on December 10th, 2013

For college graduates and adults struggling with student loan repayment, the holiday season can be difficult. So many gifts to give, so little money in the bank account.

But a new service from Tuition.io lets family and friends ease the burden of student loan borrowers during the holidays.

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Can’t pay your student loans? This college will pay them for you.

Posted on November 20th, 2013

After graduating college, many former students have difficulty finding jobs that allow them to afford their monthly student loan payments.

If you graduate into a low-paying field, you may find yourself barely scraping by–even before you pay your student loans. The lowest-paying major for 2013, Child and Family Studies, has an average starting salary of just $29,300.

Houghton College knows the economy is tough, and it can take new graduates several years to make enough money to pay back their loans, especially in smaller cities, job markets, and careers.

That’s why the small liberal arts college in Houghton, NY has decided to launch an innovative new student loan repayment plan for graduates.

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Higher ed, lower debt

Posted on November 5th, 2013

"You can refinance an auto loan or a home loan.But when you're locked in on a student loan, you cannot refinance. It makes no sense." -- Wisconsin State Senator Dave Hansen

If you have good credit, you can refinance your mortgage or car loan. Why not your student loans? A new bill called “Higher Ed-Lower Debt” has been introduced in Wisconsin as a way of helping people with student debt reduce their interest rates so they can pay off their debt faster. If approved, it would the […]

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Stay healthy, millennials. Retirement’s a long way away.

Posted on November 4th, 2013

"The challenge of college debt is unique to millennials. The decline of pension plans, the uncertainty surrounding social security and the college debt epidemic have placed the onus on graduates to make conscious, forward-thinking decisions about their retirement." -- NerdWallet

Millennials: have the stresses of work life got you looking forward to retiring on a beach somewhere? You’re going to be waiting a while. How student loans affect retirement A new report from financial website NerdWallet says student loan debt could push the average retirement age to 73. That’s 12 years later than the current […]

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Have a student loan with Sallie Mae? Be very afraid.

Posted on October 31st, 2013

Repaying your student loans shouldn’t be scary.

Unfortunately, the shady practices of some student loan servicers have got us spooked.

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How to pay back and consolidate student loans

Posted on October 24th, 2013

How do I find out how much I owe in student loans? How do I consolidate my loans? Can I lower my student loan interest rate?

This video featuring Money Magazine reporter Carolyn Bigda answers those questions and more. Watch to find out when to start repaying your student loans, what repayment options you have, and how to set up a student loan repayment schedule.

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