Term: student loans
32 found

Student Loan Default Rate Rises

By Steven Shaw on 10/3/2013

student-loan-default-rises

The national student loan default rate is on the rise, with students at for-profit colleges defaulting much more frequently than those at public or private schools, according to the Department of Education.

Of borrowers who entered repayment in fiscal 2010, 14.7% defaulted within three years, up from 13.4% who entered repayment in fiscal 2009. This calculation is the three-year national “cohort default rate,” and it may affect a school’s eligibility for federal financial aid programs.

student debt
student loan repayment
student loans
students

Should I Pay My Student Loans Faster or Save for Retirement?

By Steven Shaw on 9/12/2013

student loans retirement

For a young college graduate, saving for retirement likely isn’t the first thing on the financial priority list.

When the paycheck comes through, there are so many possibilities for it: rent for that first apartment, groceries, bills, social outings, wardrobe upgrades and, of course, student loans.

college graduate
Save for Retirement
student loans

Help! I’m Unemployed & Drowning in Student Loan Debt

By Steven Shaw on 8/19/2013

student loan debt

It’s not uncommon for college graduates to walk across the stage not knowing what awaits them on the other side. The current economic crisis has created an extremely competitive job market, leaving recent college graduates with limited options.

college students
student debt
student loan repayment
student loans
students

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
student loan repayment
student loans
student loans
students

How Student Loans Can Hurt Your Mortgage Application

By Steven Shaw on 7/24/2013

student loans hurt mortgage application

Anyone who has tried to apply for a mortgage and had student loans knows what it’s like to be scrutinized and questioned by the mortgage company over the impact of those obligations. Like other forms of debt, such as car loans or credit cards, student loans are in the same classification: debt made against income or rather an ability to repay. Just like all consumer debts, student loans can reduce the ability to borrow because they erode income. So let’s take a closer look at how your student loans can hurt your mortgage application, and what you can do to protect yourself.

Home Loan
Mortgage
Mortgage Application
student debt
student loans

Help! I’m Afraid to Lower My Student Loan Payments

By Steven Shaw on 7/9/2013

lower student loan payments

If you are having trouble paying your federal student loans, you may be eligible for programs that will get you lower student loan payments. Under the Income-Based Repayment program (IBR) or Pay As You Earn (PAYE) programs your payments can be as little as $0 per month if you are unemployed.

But not all borrowers are eager to lower their payments. Take our reader “Liz,” for example. She writes:

college students
student debt
student loan repayment
student loans
students

How to Stop a Neverending Student Loan Nightmare

By Steven Shaw on 6/17/2013

student loan nightmare

Last month, the U.S. Department of Education’s Office of the Inspector General lobbed a grenade at the federal student aid program.

In a harshly critical memorandum to the Federal Student Aid’s Chief Operating Officer, the assistant inspector general condemned the agency’s repeated failure to validate the accuracy of certain subcontractor invoices before authorizing payment.

student debt
student loan repayment
student loans
students

8 Worst Money Tips for New Grads

By Steven Shaw on 6/7/2013

money tips for grads

It’s not your fault you don’t know how to handle money matters. You can’t be blamed for not knowing what you weren’t taught. More than likely, your parents avoided talking about money management along with other uncomfortable adult subjects.

Since the best life lessons are learned through hard knocks, here are eight money tips that will ensure you experience college to the fullest, but that path could come along with debt, identity theft and a slew of other money headaches. You make the call.

CARD Act of 2009
student debt
student loans
students

22 Things Every 22-Year-Old Should Know About Finances

By Steven Shaw on 5/30/2013
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Inspired by Glamour’s popular “30 Things Every Woman Should Have And Know By The Time She’s 30,” we decided to put together our own list, on 22 things every bright-eyed 22 year-old-college grad should know about money.

By 22, you should have:

401(k)
budgeting
credit cards
credit report
credit score
money management
mutual funds
Roth IRA
student loans

The Ultimate Guide to Student Loans

By Steven Shaw on 5/13/2013

The Ultimate Guide to Student Loans

The figure is staggering: Americans owe $1.1 trillion in student loan debt, which is second only to mortgages in terms of household debt. The Consumer Financial Protection Bureau recently released a report detailing the hardships facing some of those borrowers, warning about a “domino effect” on the economy.

credit score
student debt
student loans
students