Term: Student Loan
6 found

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

By Steven Shaw on 5/6/2016

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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
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11 Myths About Student Loan Forgiveness

By Steven Shaw on 8/31/2015

student loan forgiveness

If you have more student loan debt than you can handle, or if you’ve been paying and paying (and paying) and can’t make headway, chances are you’ve wondered about student loan forgiveness. As you look into your options, keep in mind that everything you read (or hear — even from your student loan servicer) may not be accurate. We asked experts who work with borrowers all the time to share the most common myths they hear about student loan forgiveness. Here are their top picks.

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student loan forgiveness

Is There a Statute of Limitation for My Student Loans?

By Steven Shaw on 6/16/2015

Are Student Loans Subject to a Statute of Limitations?

Is there a statute of limitations on student loan debt? An essay in the New York Times by a writer who strategically defaulted on his student loans has rekindled the ongoing debate about the fairness of allowing young people to be saddled with large — or even massive — debt, sometimes for the rest of their lives, and what happens when they decide to buck the system.

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Student loan debt

The New Grad’s Guide to Student Loan Debt

By Steven Shaw on 6/10/2015

guide to student loan debt

Finishing college is surely cause to celebrate — but it is also time for some hard realities to hit. Once you send in your last college assignment and get the perfect champagne-popping picture, your mind may start wandering to the future. No matter your post-grad plans, you will likely have to start working on paying back those pesky student loans. You may think you figured all this out freshman year, but check out the guide below to help transition from student to graduate (and debtor).

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Student Loan
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How Long Can Student Loans Hurt Your Credit?

By Steven Shaw on 4/2/2015

How Long Can Student Loans Hurt Your Credit?

We get questions and comments from distressed student borrowers wondering exactly how long missteps in repaying their student loans are likely to continue to hurt their credit. It can feel like student loans cast a very long shadow that is hard to escape.

How long student loan problems can affect your credit isn’t always clear, because they don’t all work the same way.

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Student Loan

Do You Need Student Loan Insurance?

By Steven Shaw on 9/19/2014

student loan insurance

Imagine you’ve worked hard for years to get an undergraduate degree, and then worked your way through medical school, law school or another professional degree. But just as you start to launch your career, you’re sideswiped by an accident or serious illness that leaves you disabled and unable to work. Not only do you need to find a way to pay for your day-to-day expenses, but you have student loan debt — a lot of it. 

 

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