President Barack Obama made a startling revelation about his finances while trying to connect with younger voters on the campaign trail by saying that he and Michelle had only paid off their college loans eight years ago.MORE +
Federal regulators are considering suing Navient Corp., the nation’s largest student loan company, for allegedly cheating borrowers, the company said Monday.MORE +
“Let’s tell another one million students that when they graduate, they will be required to pay only 10 percent of their income on student loans, and all of their debt will be forgiven after 20 years –- and forgiven after 10 years if they choose a career in public service, because in the United States of America, no one should go broke because they chose to go to college.” – MORE +
WASHINGTON — More than 33 million workers qualify to have their student loans forgiven because they work in schools, hospitals or city halls, but too few take advantage of the options because the programs are overly complicated and often confusing, the government’s consumer advocate said Wednesday.MORE +
University education is very costly and every year, that cost is increasing even more rapidly than inflation. In school year 2013-2014, the College Board posted that the cost of undergraduate tuition and fees at private institutions was pegged at $30,094. Public colleges and universities charged state residents roughly $8,893 while out-of-state students had to pay an average of $22,203.
Due to the cost of higher education in the US it’s no wonder why a lot of people turn to student loans for help. While this debt may be helpful for them to finish college, sometimes it is the same burden that leads the students drop out. Josh Brooks, for instance, was a student studying at Valencia College in Orlando, Florida in 2006.
Loan consolidation is rapidly becoming a top choice for university graduates who are looking for more affordable ways to repay their student loan. With overwhelming amount of student loan, students and graduates are scouring for much needed help. Student loan relief companies, such as Debt.org, offer these debtors some help.
When you think about it, you get to enjoy more of your hard earned cash if you choose to settle your student loan debt through refinancing. It is a sure fire way to lessen your monthly debts, but only a handful of financial institutions offer this kind of service.MORE +
Over and over, you probably have heard thousands of borrowers complaining about their seemingly never ending student debt. Millions of students struggle in choosing the right options and managing their payments. Some students have even given up and simply defaulted in the payment of their loans.MORE +
Student loan is considered a big issue that many Americans are burdened today. Currently, student debt totals around $902 billion to $1 trillion with $864 billion in federal student loans and $150 billion in private student loans. We are looking at around 25% of borrowers owing around $28,000 and 10% owing a little over $54,000.MORE +
Experiencing difficulty in paying your student loans back is a normal dilemma. In fact, according to the Department of Education, more than 1 out of 7 federal loan borrowers fail to pay within the first three years of repayment. This doesn’t even count loans from private lending institutions. If you are experiencing problems, sometimes the only real and easy solution is to discuss it with your lender.MORE +
According to an expert during an annual meeting for the American College of Health Care Administrators, hiring nurses who do not pay their taxes or student loans can bring penalties to skilled nursing facilities as it can bring charges from federal fraud investigators.MORE +