Tag: student loan delinquency

Senate deadlocks on student loans

Posted on June 7th, 2013

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.

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Recent college grads discuss the burden of student loans

Posted on May 29th, 2013

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.

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New York representatives call on Congress to take action on student loans

Posted on May 21st, 2013

"An affordable and quality education should be readily available, but too many students today are facing crippling student loan debt. If nothing is done, millions of students and families will face higher student interest rates that they simply can’t afford." -- Rep. Steve Israel

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 […]

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The shockingly high price of student loan forbearance

Posted on May 14th, 2013

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.

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Why you should avoid defaulting on your student loans

Posted on March 1st, 2013

Are you falling behind on your student loan payments? Turns out, you’re not alone. According to a report released yesterday from the New York Federal Reserve, nearly one third of student loan borrowers in repayment are delinquent on their debt. And this number is on the rise–total student loan balances almost tripled between 2004 and 2012 […]

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