Category Student Loans

COMMON STUDENT LOAN DEBT MISTAKES (AS REPORTED BY DREW HOUSMAN ON WWW.THESIMPLEDOLLAR.COM)

Student debt is a big problem in the United States today. 54% of young workers report that right now, paying off student loans come before saving for retirement. What’s more, 40% report that worrying about student loans has impacted their health. Does this mean nobody should ever take out loans to pay for college? Of […]

HOW TO PAY OFF STUDENT DEBT (AS REPORTED BY MICHAEL BENNINGER ON BLOG.MINT.COM)

Each year the amount of total student loan debt outstanding increases. For new graduates, coming out of school with average debt of around $25,000, paying off the full amount can seem like a near impossible task. The first thing you need to do is get a job and create a budget. Figure out whether or […]

FREQUENTLY ASKED STUDENT LOAN QUESTIONS ANSWERED AS REPORTED BY GREGORY DEPALMA ON BLOG.PERSONALCAPITAL.COM)

Today’s news is abuzz with student loan stories. We have become a nation in debt, not just with mortgages and credit cards, but with students who financed their education with government loans and are left paying them off the rest of their adult lives. For that reason, there are lots of questions that people have […]

FAFSA CHANGE (AS REPORTED BY ZINA KUMOK ON BLOG.MINT.COM)

FAFSA stands for Free Application for Federal Student Aid, and is the primary way that most college students apply for tuition assistance. And next year, there is a big change that people need to be aware of. Instead of waiting until January 2017 to submit the paperwork for students beginning college in the fall, parents […]

LOAN FORGIVENESS AS A WORKER BENEFIT (AS REPORTED BY SHELLY BANJO ON WWW.QZ.COM)

In the last several years, the news has been full of stories about student loans. And there’s good reason for that. Student loan debt has recently become the largest category of debt in the United States, overtaking credit card debt for the first time in our history. And that’s why it’s no surprise that the […]

College Money Mistakes (as reported by Emily Guy Birken on www.moneyning.com)

Going away to college is hard enough for a lot of kids. It’s your first time away from your parents and you have to fend for yourself. All of the sudden, the world also now expects you to know how to handle your own finances. Fair or not, there are a number of financial threats […]

Health and Student Debt (as reported by Natalie Kitroeff on www.businessweek.com)

It is well understood that student debt is not great for your finances, but a new study of college graduates who left school in debt uncovered that student debt affects other aspects of your life as well. People reported worse health and higher levels of stress long after they graduated. The study, which covered more […]