Now that you’re a few years out of college and getting settled into your chosen career, you may start feeling the drudgery that is your student loan debt. Every month the money comes out, but the balance seems to barely move. Depending on where you attended college, your major, and what type of degree you earned, you could owe a …
Student loans, and more specifically, student loan debt is one of the most significant issues of contemporary life for many Americans. Over 44 million people are weighed down by student loan debt of some kind, totaling $1.6 trillion and counting. It is the second highest consumer debt category – with mortgages being the first – and it is likely to …
A. Wayne Johnson, a former Trump administration official, said he plans to run for the U.S. Senate as a Republican, with his main platform issue being canceling student loan debt. Johnson was appointed to his former top position at the Office of Federal Student Aid by Education Secretary Betsy DeVos in 2017. During his time at the Education department, he …
As the U.S. student loan debt tops $1.6 trillion, more than 44 million Americans live with outstanding student loan debt. Jason Iuliano, a Villanova law professor, found in his research that at least a million student loan debtors have filed for bankruptcy in the past five years. Of those, a surprising 99.9% of them didn’t include their student loan debt …
The U.S. Department of Education has responded to the fury from public servants with student loans. It was announced recently that the department will be simplifying the process in place for borrowers to apply for the expansion of the Public Service Loan Forgiveness (PSLF) Program, which has recently come under much criticism. The Problem This decision is at least in …
The idea of student loan forgiveness is gaining traction, as many politicians have voiced their desire to have the $1.6 trillion in student loan debt forgiven. In fact, many people with student loan debt have begun to count on it. The question is, if student loan forgiveness does not happen, what alternatives are there? Many of those with student loan …
It’s a fact — more than two-thirds of American college graduates have student loan debt. Compared to the early 1990s, these graduates are also walking across the stage with higher amounts to repay. As a result, young Americans are purchasing fewer homes. Their eligibility for mortgages is at risk because of high monthly payments or inconsistent payment history. According to …
The College For All plan, proposed by Senator Bernie Sanders, calls for tuition-free public colleges and universities. This concept of “free college” earned him a top spot in both the 2016 and 2020 democratic presidential candidate competition. The plan also proposes cancelling all student debt, even as student loan debt in the United States has topped $1.6 trillion. Many students …
Holberton School in California has been accused of fraud, and regulators from the California Bureau of Private Postsecondary Education demanded the school cease operations. The California BPPE alleged Holberton obtained approval to operate by fraud in July of 2018 and falsified several things including their Application of Approval, enrollment agreements, and catalog. The institution also allegedly engaged in numerous prohibited …
More and more students are turning to student loans in order to earn a degree. As that becomes the norm, many are wondering whether putting off their retirement savings in favor of quickly paying off their student loans makes the most sense. Amy Ouellette, director of retirement services for Betterment and Betterment for Business, says that is not the right …