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.
This awesome op-ed by Sen. Elizabeth Warren and Rep. John Tierney lays out the case for lowering interest rates on all federal student loans. Sen. Warren and Rep. Tierney argue that if banks can get special treatment from the government and are able to borrow at low rates, there’s no reason why students cannot. Right […]
The average share of all U.S. consumers with student loan debt stands at 16.2%. How does your state rank? Check out the map below to see the percentage of your state’s population with student loan debt.
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 […]
When students graduate from college, one of their top concerns is finding a job that will allow them to repay their student loans. With thousands of college seniors about to graduate into a recession, the competition for entry-level jobs remains high. The video above offers some great tips for graduating seniors searching for their first job.
Imagine a school where they only make you pay tuition if you get a job. Sounds like a pretty good deal, right?
App Academy, an intensive software development course in New York City and San Francisco, makes that promise. Check out the video above for information about the school, its students, and its innovative tuition model.
New York, Pennsylvania, Massachusetts, and New Jersey are among the states with the highest average student debt per borrower, with students averaging over $25,000 in debt.
What are you actually giving up when you repay your student debt? This infographic from Join Stampede illustrates the greater costs of student loans and the sacrifices you make in order to pay them.
Suze Orman completely nails it in this video about student debt. She discusses unfair laws preventing people from discharging student loans in bankruptcy, predatory lenders, and the lack of options for students who can’t afford their monthly payments. It’s definitely worth a watch. Many of these banks and institutions, they borrow at zero percent […]