People with student loans are constantly bombarded with the idea of refinancing. These pleas come through commercials, emails, print mail, and even social media, trying to convince the borrower that it’s a great time to refinance. Currently, however, there is a definite truth to the idea. In 2019, the Federal Reserve slashed student loan interest rates three times. Recently, they …
American students learn math differently than the rest of the world. Because of this, they are struggling when compared to students from other countries. Based on a recent international exam, students from the United States rank ninth in reading and 31st in math literacy out of 79 countries. American math scores have not improved in two decades, and that could …
When a school like Concordia University says it is closing its doors, it may be a little discerning. You may be concerned that your school could be closing as well. Although it is unfortunate for schools to close, it is a rare occurrence. Your school is most likely going to stick around for many years to come. Concordia University is …
Sending your child off to college means you will be making an investment in his or her future in more ways than one. A college degree can come with a hefty price tag these days, and many parents are footing the bill. Parents now owe nearly $100 billion in loans used for their children’s secondary education. This loan debt represents …
A lawsuit has been filed in federal court by student loan borrowers against Navient. They allege that Navient participated in predatory overcharging practices by charging student loan borrowers with late fees they were not required to pay. The borrowers were tricked into repeatedly paying the late fees on a monthly basis. Miguel Rivera is the lead plaintiff and represented by …
Most students realize that college is an essential part of obtaining a worthwhile and lucrative career. However, the excessive and growing costs of college cause many to wonder if it’s’ actually worth it. There are a number of viable options that don’t include racking up tens of thousands of dollars in student loan debt, such as community college, trade school, …
The Public Service Loan Forgiveness Program, also known as PSLF, provides a way for some borrowers to obtain federal student loan forgiveness. Those with a qualifying full time public service job have the ability to gain forgiveness from the government. Unfortunately, the application process is difficult and time-consuming, and for those who apply, there is no guarantee of approval. Those …
Once you have finished your college career, you will need to begin repayment on your student loans. It can be a daunting task, especially as you are just starting out in your career. There are beneficial repayment options, but be sure to research before you jump into any ill-advised repayment situations. For instance, refinancing your student loans can allow you …
The Accrediting Council for Independent Colleges & Schools is an agency that approves colleges for federal funding that allows grants and loans to be given to students enrolled at the schools. The agency is under fire because it has approved questionable colleges. For instance, Reagan National University was approved to operate, but the school has not students, no faculty, and …
Budget cuts proposed by President Trump’s $4.8 trillion budget would be devastating to student loan borrowers. Federal student loan programs will suffer a loss of $6 billion in the first year of the budget. By 2030, a total of $170 billion will be taken away from student loan programs, resulting in more student loan debt in the United States for …