What’s the most powerful force in the universe, according to Albert Einstein?
It’s not gravity. It’s not even love.
It’s compound interest.
In his recent trip to nearby Buffalo, Syracuse, and Binghamton, President Obama revealed his new plan to make college more affordable.
This handy infographic from the White House explains the major reforms and initiatives the President hopes to advance in order to hold colleges accountable for providing a quality education, encourage schools to use technology to cut costs, and make it easier for borrowers to repay their student loans.
As student loan debt tops $1 trillion dollars, the outcry to reduce student loan interest rates and help those already in debt grows stronger. In this video from Politico, Sen. Richard Blumenthal (D-Conn.) offers his take on the high cost of college, society’s view of higher education, and the impact of student debt on the economy. […]
Did you know over 2.2 million adults over age 60 in the U.S. have student loan debt? Despite being painted as strictly a problem for young adults, the average debt load for a student loan borrower over 60 is $19,521. In fact, it seems having student loan debt has become as American as apple pie.
There are millions of student loan borrowers struggling to repay their college debt. In this interesting video from HLN TV, Clark Howard speaks with two real borrowers about how they got into debt, how they plan to get out and the advice they have for aspiring college students.
Government representatives have recently made several proposals to prevent the interest rates on federal subsidized Stafford student loans from doubling to 6.8% on July 1. But it turns out that letting the rate double might be a better alternative than some of the latest proposals in Congress, according to a recent Huffington Post article. Student […]
When taking out loans to pay for college, many students don’t realize the impact of the debt they’re taking on and how much the loans will actually cost them over time due to accruing interest.
NerdWallet created this helpful infographic to explain student loans in terms most people can understand: how the lifetime cost of student loans compares to other expenses and investments like car payments and 401k contributions.
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.