An argument erupted on Twitter after a December tweet by former presidential candidate Bernie Sanders wrote, “We’re going to cancel every penny of student debt, and we’re going to pay for it with a modest tax on Wall Street.” Richard Thaler, a Nobel laureate and professor of behavioral science and economics at the University of Chicago, responded, saying “Because those …

In 2009, education debt surpassed credit card debt and in 2011, it beat out auto debt. Debt related to education is ballooning into a larger and larger problem, expected to reach the multi-trillions in the next few years. And in those trillions of dollars are the hundreds of thousands of students and former students that are living every day with …

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 anywhere …

Student loan debt can be debilitating, keeping you from reaching your goals and succeeding at the level you want. When it comes to paying off your loans, you can follow the trap that most students fall into, following the standard repayment option and literally giving much of the next ten years’ income over to the debt. Public Service Loan Forgiveness …

Student loan debt in the United States totals over $1.6 trillion owed collectively by millions of people who have chosen to attend college. Outstanding student loans are now double what they were a decade ago and triple what they were in 2006. It has become increasingly difficult for people to quickly pay down their student loan balances. Repayment Options Higher …

Student debt can be a major setback faced by young people starting out in their careers, with the average amount of student loans currently mounting up to over $33,000. Fortunately, it is possible to avoid the accumulation of excessive debt during the college years. Read on to learn more about several options prospective students may want to take into consideration. …

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 …

Your student loan debt may be putting significant strain on your monthly finances. There are ways to lower your monthly loan payments but attempting to refinance your federal student loans may not necessarily be the best choice. Consider all your options and then determine which one will benefit your particular situation the most. Advantages and Disadvantages for Refinancing You will …

The medical field is a difficult environment to navigate given the tensions that have recently escalated due to the coronavirus pandemic. The anxiety of what is happening around the world is especially daunting for medical workers. Now, add to that another type of stress health care professionals have looming over them – student loan debt. The amount of student debt …

As student loan debt becomes more and more common among college graduates, a new study indicates conversations on the topic should include retirement savings too. Research from the TIAA-MIT Age Lab found that 84% of Americans with student debt report their repayment impacts their retirement savings. Many are not saving at all for retirement and more than a quarter of …