Student Loans Articles

Taxes under microscope
Dec, 19, 2012
When the Income-Based Repayment (IBR) program started in 2009, student loan borrowers were given a way to survive their mounting debt obligations.   But not everyone read the small print. Many borrowers were unaware of the hidden tax fees linked into IBR. High income taxes loom for any borrowers who are absolved of their federal student loan debt under the repayment program.  
graduate shaking hands for diploma
Dec, 14, 2012
The student loan industry is in for a shakeup. While the federal government still provides the vast majority of financing for young students that does not mean that the private sector is anything to scoff at. Private lenders still account for billions in revenue (and profit) the now $1 trillion student loan industry.
snowball rolling downhill
Dec, 13, 2012
HR 4170, better known as The Student Loan Forgiveness Act, currently sits before a Congressional Committee. It’s sat there since March 8, 2012, and shows little sign of passing onto the House or Senate floor despite the best efforts of its creator, Congressman Hansen Clarke. In fact, according to GovTrack, the bill only has a 5 percent chance of getting passed by the committee.
Federal student loans
Dec, 6, 2012
The Federal government offers several lending options for higher education in the form of federal student loans. For federal loans, the U.S. Department of Education is the lender. In some cases, as with Direct Subsidized loans, the government will pay for a student’s interest during their education. The government is also able to offer extremely low interest rates, such as with Perkins lending.
three bubbles with dollar signs in them
Nov, 12, 2012
The student loan debt crisis continues to plague the nation. Earlier this year, the student loan bubble overtook credit card debt and reached an estimated $1 trillion, according to the Federal Reserve. No small number to shrug at. Aside from rising college costs, the number of students seeking bachelor degrees has also risen. According to the Pew research Center, 33 percent of Americans aged 25 to 29 have a four-year degree. In effect, a third of young people in America have a college education.
young woman getting a job with a group
Nov, 8, 2012
Private student loans are the bane of young borrowers. These college loans carry high interest rates that make it difficult for borrowers to affordably repay them. On top of that, private lenders do not offer many of the same deferment, forbearance, and assistance options that come with federal student loans, forcing many borrowers into default.
thoughtful man about to sign
Oct, 31, 2012
Getting an education has become more expensive due to increases in tuition and college expenses. As a result, many students turn to college loans in order to help finance their education. While it is all well and good that young adults seek to obtain an education, which can lead to a rewarding career and fuller life, it does not mean that all applicants are eligible to borrow college loans. Borrowers with poor credit histories often turn to cosigners in order to bolster their efforts at being approved for a college loan.
debt burdening a man
Oct, 29, 2012
Now that it has surpassed the trillion dollar mark, the student debt crisis has reached the dubious distinction of overtaking the national credit card debt. Young adults, leaving their colleges to enter the workforce, have few prospects available to them. Worse, their debt accrues interest and demands monthly payments. This very same debt cannot be discharged through bankruptcy.
College Graduation Cap on Money
Oct, 26, 2012
In an ever-difficult work economy, both women and men accept college debt and pursue higher education in hopes of securing a stable job after graduation. While college graduates earn a significantly larger income than high school graduates, the playing field for graduates is not equal.
refusing money
Oct, 23, 2012
While lenders have certainly proven to be abusive with usurious interest rates at times, they are not the source of student loan debt. Rather, students are the source of student loan debt. Students, be they financially savvy or financially inept, are the young adults that borrow money in the form of students loans to fund their education. Informing these students about the risks and benefits of such high-priced debt is perhaps the wisest move that some colleges and universities have begun undertaking.