Term: student loans
10 found

How Much Student Loan Debt Is Too Much? Here’s a Formula to Figure it Out

By Steven Shaw on 5/6/2016

math_formula

Much has been made of the student loan problem. While you’d be hard pressed to find disagreement that it’s an issue, there is plenty of disagreement about how bad things really are. On the one hand, it’s easy to find stories chronicling massive default rates (12%), oppressive $800-a-month loan payments and the big one: total outstanding student loan debt now dwarfs total credit card debt.

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Student Loan
Student loan debt
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A Beginner’s Guide to America’s Most Popular Student Loan

By Steven Shaw on 6/22/2015

guide to student loan debt

Student loans — can’t live with ‘em, but it seems most of us can’t live without them either. Higher education costs are on the rise and the cost and financing of your (or your child’s) college tuition can be tricky to navigate.

Federal Stafford Loan
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Subsidized Stafford Loans
Unsubsidized Stafford Loans

Obama Signs Student Loan Bill: What It Means for Borrowers

By Steven Shaw on 8/12/2013

student loan bill

Regardless of their majors, students may want to brush up on Economics 101.

That’s because President Barack Obama signed H.R. 1911: Bipartisan Student Loan Certainty Act of 2013 — the student loan bill — into law this afternoon. It ties government-backed student-loan interest rates to the 10-year Treasury note, meaning the country’s economic health impacts borrowing rates.

college students
student debt
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When a Student Debt Fix Makes a Bigger Mess

By Steven Shaw on 7/12/2013

When a Student Debt Fix Makes a Bigger Mess

If the road to hell is paved with good intentions, the Oregon Legislative Assembly put the pedal to the metal when it approved House Bill 3472.

student debt
student loan repayment
student loans
students

7 Key Money Lessons for 20-Somethings

By Steven Shaw on 7/10/2013

money lessons twentysomethings

It’s a hard time to be a 20-something. The world has concocted a troubling cocktail of economic trends and turned them loose against today’s young people one after another, almost as if to say, “How will you respond to this?”

Emergency Fund
personal finance
retirement
student debt
student loans
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Will Higher Student Loan Rates Hurt the Housing Market?

By Steven Shaw on 7/8/2013

higher student loan rates

Numerous borrowers nationwide carry student loan balances and know all too well how they can significantly restrict financial capabilities soon after graduation. Now, as that problem becomes even more pronounced in the coming years, some are wondering whether it might have a negative impact on the housing market as well.

Mortgage
student loans
students

It’s Official: Student Loan Rates Will Double Monday

By Steven Shaw on 6/30/2013

Student Loan Rates Set to Double

More than 7 million students will see interest rates on their student loans double from 3.4 to 6.8 percent on Monday, after the failure of Congress to pass legislation to prevent the automatic rate hike that they successfully deferred for a year last summer.

student debt
student loan repayment
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Student Loan Debt Keeping Millennials From Home, Car Loans

By Steven Shaw on 4/19/2013

CFPB Takes Aim at Discriminatory Auto Lending

In recent years many studies have shown just how burdensome student loan balances have become for millions of borrowers across the country, but new data shows they are likely also playing a role in those consumers’ ability or desire to take on other types of debt. That trend could have a serious negative impact on both the housing and the auto markets.

Millions of young Americans may now be actively trying to avoid applying for mortgages and auto loans as a result of the massive amount of student financing they have taken on, according to new research from the Federal Reserve Bank of New York. The percentage of 25-year-olds with outstanding student loan debt has grown to 43% through the end of 2012, up from just 25% nine years earlier. And at the same time, the average amount of debt held on those balances climbed to $20,326, an increase of 91% from 2003′s $10,649.

Debt
millennials
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Many Lawmakers Dealing With Student Loan Debt

By Steven Shaw on 2/17/2013

Many Lawmakers Dealing With Student Loan Debt

Millions of adults across the country are still struggling with outstanding student loan debt in their name, and that includes many who have been out in the workforce for decades, as well as some of the nation’s top lawmakers.

In recent years, 46 members of the U.S. Congress still carry student loan debt of some kind, and the total value of those balances could be as high as a combined $4.3 million, according to new research from the nonprofit Open Secrets Center for Responsive Politics. The list of lawmakers includes five U.S. Senators and 41 Representatives.

Debt
get out of debt
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4 Ways to Pay Off Your Student Loans Faster

By Steven Shaw on 2/13/2013

So you have student loans and can’t wait to get them paid off? Join the club! There are millions of people across the U.S. who are in that very position right now. Some are struggling, some are making progress, and some are just getting by.

For those who are looking for ways to pay those student loans off faster, here are four solid tips that can get you debt-free quickly.

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