debt
2 Kinds of Debt Often Linked with Student Loans
Ask most adults what ranks as their #1 worry and they’ll most likely point to money and, subsequently, debt. Numbers don’t lie, and they’re pretty alarming; consumers racked up $2.4 trillion in debt in 2010. Not two billion, but trillion. From credit cards to mortgages, debt typically intertwines as the norm from the moment you…
Staying on Top of Your Student Loans: 3 Common Habits & Solutions
You’ve taken the big step of borrowing student loan money. While you’ve conquered one hurdle, the next challenges will arise in how you handle your loan situation throughout your college years. Avoid these 3 habits and keep our suggestions in mind to break bad habits—with student loans and in life! Keeping Tabs of Your Debt…
The Student Loan Fairness Act
Last week, we discussed why critics say student loan forgiveness won’t work. This week we take a look at The Student Loan Fairness Act. April 25th marked the one-year anniversary of student debt hitting one trillion dollars. Today, more than 1 in 3 borrowers of student loans are over 90 days delinquent, according to a…
Student Loan Forgiveness: Why Critics Say It Won’t Work
A college graduate without student loan debt is like catching a glimpse of a white whale in the ocean; needless to say, it’s a rare occurrence. In the past eight years, student loan debt has nearly tripled to $1.1 trillion. It has gotten so bad that the New York Fed economists warned last month that…
Student Loans – How to Prevent Defaulting on Your Loan?
Student loan defaults have risen for the sixth straight year according to the Institute for College Access & Success. The percentage of borrowers who defaulted on their federal student loans within two years of their first payment jumped 9.1% in fiscal year 2011, up from 8.8% the previous year. A mid-2012 briefing paper by the…