Tag Archives: student loan

Things You Can Do to Avoid Defaulting on Your Student Loans

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As reported by New America Foundation on November 21, 2013, in fiscal year 2013, students borrowed approximately $106 billion through federal loan programs. By law, the U.S. Department of Education considers a borrower to be in default when he/she fails

Student Loans: A Direct Consolidation Loan Can Help


So you’ve graduated from college with a stack of student loans. You’re not alone. Reuters reported in May that U.S. student loan debt exceeds $1.1 trillion. Relief may be available; the U.S. Department of Education offers a direct consolidation loan

Want to Buy a Home? Student Loans, Lower Wages and Tougher Underwriting Create Bermuda Triangle


You’ve heard it all before. You can’t afford to buy a home without a college education. You wont’t make as much money if you don’t go to college. You’ll never realize your full potential if you don’t get a college

What Co-signers on Private Student Loans Need to Know


Financial and educational experts suggest that students max out federal student loan eligibility before applying for private loans to pay educational expenses. The reason: federal student loansoffer more options for loan repayment, forbearance, deferment, consolidation and cancellation. However, many students

Student Loan Debt – Don’t Be Fooled Into Thinking This is a Good Debt


Recent statistics released show the average student loan debt for the class of 2014 is $33,000, up from $30,000 for the prior year. Considering the average cost of a private-school education costs $37,000 a year, it is easy to see

Do You Qualify for the Public Service Loan Forgiveness Program?


The College Cost Reduction and Access Act (CCRAA) created a loan forgiveness program for borrowers who hold public service jobs. Borrowers who meet the requirements outlined in the law may be eligible to have a portion of their student loan

All You Need to Know About Student Loans

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Many parents are finding it harder and harder to pay for their child’s higher education. If you have children in high school who are just about ready to graduate, you are probably already thinking about how you are going to