We hear a lot about how college graduates are
affected by student loan debt, but not as much about how Parent PLUS loans affect parents.
Meanwhile, law students nationwide are also entitled to a reduction in the debt
created by student loans if they work for a non-profit organization or in public interest law.
This effort is meant ensure that student loan borrowers are protected from
practices by student loan servicing companies during the repayment process that can lead to deeper debt.
Based on these two student loan qualification statistics, many prospective student loan borrowers fall way below the standards set
by the student loan lenders.
If you're feeling overwhelmed
by your student loan payments and want to streamline your payments and pay less in interest, student loan refinancing can be a good option for you.
To make your decision even easier, we've built a table comparing the rates on federal loans over the past 10 years with the rates currently being offered
by student loan refinance companies.
The ratio of monthly payments to monthly income can be used as an indicator of transient burden imposed
by student loan repayment.
However, when it comes to many of student loan repayment programs
offered by the student loan repayment programs offered by the federal government, there's a more precise definition for discretionary income.
But what nobody seems to realize is that student loans are owned by the government, and managed
by student loan servicing companies.
This initiative can be seen as way to help narrow those margins by opening the doors to potential home buyers
hampered by student loans.
The goal is to take away the burden of the cost of college so that more students complete their college degrees without being
plagued by student loan debt upon graduation.
This includes getting led into a more expensive repayment option, not understanding repayment instructions, and not getting questions
answered by the student loan servicer's customer support staff.
The weight of financial pressure
created by student loans can be huge, especially when numerous loans are taken on over the three or four years that a student is at college.
But, of those who are in debt, the biggest source is mortgage loans,
followed by student loans, credit card debt and medical debt.
Perhaps this is because they have witnessed their own parents struggling with debt, or they are already feeling
overwhelmed by student loan repayments.
Most of us have been affected
by student loan debt and almost everyone knows someone who has had to carry the burden.
However, as reported
by The Student Loan Report, SoFi announced in July that it was shutting down Zenbanx and closing all customer accounts.
Yet a
survey by The Student Loan Report finds that borrowers don't seem to have issues with the company — although 75 percent say they haven't heard about its legal troubles.
A new survey
by Student Loan Hero finds borrowers are misinformed about interest, repayment, and other major aspects of their student loans.
This law has apparently confused many borrowers, as over 27 percent believe that their student debt can be discharged in bankruptcy, according to a
study by The Student Loan Report.
Owned and operated
by the Student Loan Finance Corporation, this company has been serving students and their families since 1978 and continues to maintain its pristine A + rating from the Better Business Bureau.
In a recent survey
conducted by The Student Loan Report, we found that 21.2 percent of current college students with student loan debt have used financial aid money to fund a cryptocurrency investment.
The Consumer Financial Protection Bureau (CFPB) yesterday released a report that shows
complaints by student loan borrowers have driven actions that have produced more than $ 750 million in relief for student loan borrowers and strengthened the student...
We poll your employees to gain insight into how they are
impacted by student loans now and in the future, then we find unique opportunities that help you and your workforce.
The bill is aimed at protecting borrowers from being taken advantage
of by student loan servicers.
And there's not a ready investment available that would allow one to bet against securities
backed by student loans — no index like the one that hedge fund managers depicted in «The Big Short» used to bet against mortgages before the crisis.