Student Loans Articles

May, 21, 2012
The country’s student loan problem is growing larger and more severe with each passing day. If an 18-year-old with no job approached a mortgage lender and sought money for a home, he’d get laughed at. If an 18-year-old with no job sought to purchase a vehicle from an auto lender, he’d get laughed at. But when an 18-year-old with no job approaches a student loan originator, he’s handed tens of thousands of dollars each semester.
Graduate Counting Money
May, 15, 2012
Earlier this year, Congressman Hansen Clarke of Detroit pitched a new bill that sparked a wildfire of support amongst the younger generations. His proposal, the Student Loan Forgiveness Act of 2012, otherwise known as HR4170, sought to forgive student loans for all borrowers who have made payments equal to 10 percent of their discretionary income for 10 years. “It’s time for Congress to stand up for the rights of student loan borrowers,” said Clarke as he took the stand in front of his fellow congressmen. “It’s time to forgive these student loans.” A Short-Sighted Solution
Student in Guillotine
May, 9, 2012
It was best of times, it was the worst of times, it was the age of freedom, it was the age of restriction, it was the epoch of the 99 percent, it was the epoch of the 1 percent, it was the season of debt, it was the season of wealth, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all at the mercy of our ourselves, we were all at the mercy of our politicians — in short, the period is like many other periods, and while the people have found their voice, their leaders aren’t listening.
Knowledge of interest rates
May, 2, 2012
Borrowers eager to go to college often don’t think about the terms and conditions associated with their student loans. But if they can be convinced to pay attention to just one part, they should take a look at the interest rates offered. While interest rates can be hard to understand, it’s important to at least compare multiple student loan offers and select the opportunity that will prove be the cheapest over the duration of the loan. How are Student Loan Interest Rates Determined?
Confused student
Apr, 20, 2012
The internet and other media sources are filled with emotional appeals from student loan borrowers who are suffocating under the weight of their debt. Our nation’s educated did everything they were told to do by their high school mentors: they applied for college, they pursued a degree, some went above and beyond by obtaining master’s or PhD’s, and they bought into the promises that they “could be anything they wanted to be.” During the course of this quest, they agreed to student loans that they believed they would be able to pay off once they graduated.
Graduation Cap and Diploma
Apr, 11, 2012
As much as we’d like to say that the nation’s college-educated debt-ridden youth protesting Sallie Mae and the $1 trillion of student loan debt they collectively owe are nothing more than irresponsible low-lives who should simply “get a job,” we need to take a step back and really take in what’s happening in our country. Sure some of these angry debtors are irresponsible and lazy, but others (arguably the vast majority) are very respectable, did everything “right,” and still wound up in a seemingly never-ending financial nightmare that most won't be awaking from anytime soon.
Shattered family
Mar, 29, 2012
While they may not be destroying the family (yet), student loans are definitely postponing the start of them. As the younger generations struggle to repay their educational debt, many are putting off marriage and children until they’re financially stable—and financial stability for many means being relieved of all student loan obligations. For some, that means starting a family in their early 30s. For others, that could mean putting off marriage until they’re a few centuries old.
Stupid student
Mar, 23, 2012
"I am the first in my family to go to college. Without family support, I self-financed three college degrees (BA, MA, and PhD) at state colleges between 1988 and 2005 using Pell Grants, multiple jobs, scholarships, and $90,000 in subsidized and unsubsidized student loans.
Graduation cap and diploma
Mar, 19, 2012
From the moment we enter kindergarten to the time we step foot out of college we are told we can be anything we want. “Follow your dreams, and you’ll be happy,” is a saying we heard so frequently from almost every teacher and every mentor that it might as well have been a recording toggled on repeat. While there is undoubtedly some truth to that statement, cynics are born when their dreams don’t yield the sort of future they hoped for, and they find themselves crushed under the weight of their student loans.
Piggy bank standing on college books
Mar, 12, 2012
Last week U.S. Rep. Hansen Clarke of Detroit introduced HR4170, the Student Loan Forgiveness Act of 2012. The congressman’s bill seeks to forgive student loans for borrowers who have made payments equal to 10 percent of their discretionary income for 10 years. The bill is still in its infant stages, so there is surely a long, obstacle-ridden road ahead of it, but such a proposal would have the potential to relieve education loan borrowers across the nation of a massive and crippling burden of debt.