Term: student loans
32 found

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).

graduation
college graduate
Student Loan
Student loan debt
student loan repayment
student loans

Will Student Loan Forgiveness Hurt My Credit?

By Steven Shaw on 5/15/2015

student loan forgiveness

Last month, we heard from a reader who has been approved for student loan forgiveness but fears accepting it would damage the good credit he has worked hard to attain. He had tried to get answers but felt frustrated that he couldn’t seem to find out exactly how student loan forgiveness would be reported to the credit bureaus.

college graduate
student loan forgiveness
student loans
students

Sen. Elizabeth Warren: The Vote That Could Cut Your Student Loan Bills

By Steven Shaw on 9/10/2014

student loan

 Student loan debt is exploding. It has grown so much and so fast that it not only crushes millions of young people, but it also has started to weigh down our entire economy. Total nationwide student debt now stands at $1.2 trillion, more than the total credit card debt owed by everyone in America.

 

student debt
Student loan debt
student loans
Students Emergency Loan Refinancing Act

Will Student Loan Rehab Fix Your Credit?

By Steven Shaw on 9/5/2014

The Truth About Student Loan Rehabilitation and Credit Reports

When Lionel Alexander rehabilitated his federal student loan he thought his credit would get back on track. After all, that’s one of the promises of federal student loan rehabilitation: that the default will be removed from the borrower’s credit reports.

credit score
student debt
student loan repayment
student loans
students

How a Deferred Student Loan Could Keep You From Buying a House

By Steven Shaw on 8/28/2014

How a Deferred Student Loan Could Keep You From Buying a House

The cost of your education isn’t just evident in your student loan debt. No, in fact, there is an ulterior cost lurking in the mix: the possibility of being ineligible for a mortgage. If you have a deferred student loan, it usually be will be counted against your income when you apply for the big-ticket debt. If you have a student loan, or multiple student loans, in deferment you’ll need to take extra precautionary steps, working closely with your lender to ensure your chances of getting approved for a mortgage.

deferred student loans
student debt
student loan repayment
student loans

Should Student Loan Refinancing Be Mandatory?

By Steven Shaw on 8/11/2014

Should Student Loan Refinancing Be Mandatory?

In a recently published research paper, three professors from the University of Chicago and Brigham Young University asked a provocative question: Should consumer-borrowers be forced to refinance their mortgages when it is in their best financial interest to do so?

refinance
student debt
student loan repayment
student loans

Why Income-Based Repayment Isn’t the Only Student Loan Solution

By Steven Shaw on 6/19/2014

Why Income-Based Repayment Isn't the Best Student Loan Solution 

An op-ed piece published in the New York Times this past weekend really got me going.

The writer, an economics professor at the University of Michigan, makes what appears to be a very logical case for instituting a government-sponsored student-loan repayment plan that is exclusively income-based — where installment amounts are linked to paychecks the same way withholding taxes are configured.

student debt
student loan repayment
student loans
students

What Happens If I Ignore My Student Loans?

By Steven Shaw on 6/5/2014

student loan repayment 

By some estimates, nearly one in three student loan borrowers in repayment are behind on their payments. Some of those borrowers may be paying as much as they can, when they can, but others may feel their debt is hopeless and are taking the ostrich approach instead.

college graduate
college students
college tuition
student debt
student loan repayment
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10 Ways to Fix Student Loans in 2014

By Steven Shaw on 1/14/2014

10 Ways to Fix Student Loans in 2014 

If you thought the politics behind the student loan pricing debate were contemptible, just wait until Congress takes up the reauthorization of the Higher Education Act this year.

For nearly a half century, the HEA has been responsible for a variety of financial assistance programs for students and educational institutions. Title IV is arguably the best known facet of the act. It governs Pell and Supplemental Education Opportunity grants, the Federal Work Study program, Perkins Loans, Direct Subsidized and Unsubsidized Stafford Loans and Direct PLUS Loans. (The FFEL program was discontinued in 2010.)

Federal Work Study
Direct PLUS Loans
Pell Grant
Perkins Loans
student debt
student loan repayment
student loans
students
Supplemental Education Opportunity
Unsubsidized Stafford Loans

CFPB to Regulate More Student Loan Servicers

By Steven Shaw on 12/3/2013

CFPB student loan servicers

The Consumer Financial Protection Bureau has expanded its oversight of student loan servicers, the bureau announced today, and it will now supervise several nonbank servicers to ensure compliance with federal consumer financial laws.

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Consumer Financial Protection Bureau
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student loans