Students from middle-income families face the largest risk of student loan debt, according to a new study. It found that the link between a parent’s income and a student’s college-related debt is nonlinear.
Student Loans News
Dec, 17, 2013
Oct, 18, 2013
Norway is offering a way for Americans to obtain a college education without student loans. All that is required is that students prove they can afford daily living and a single semester fee. Aside from that, tuition is free. Transportation is likely to cost little, if anything, since, like most European countries, Norway features a robust public transportation system.
Oct, 7, 2013
Shutdowns. Protests. Confusion. All of these have been created by the Affordable Care Act, but its impact on a highly indebted population could prove to be a burden that few are able to bear. The Affordable Care Act (ACA), or Obamacare, aims to provide affordable healthcare for all Americans, but in doing this, it has created loopholes that will charge young citizens more for healthcare than they pay now. Many of these young citizens are college students and post graduates with mounting student loan debt.
Sep, 13, 2013
JPMorgan Chase and Co., the largest bank in the United States, is exiting the private student loan industry. It has scheduled to cease accepting applications on Oct. 12, 2013 and will make its final private student loan disbursements before March 15, 2014. Experts were divided on what this news means to current and future private student loan borrowers as well as the private college lending industry as a whole. A Warning Sign and an Exit Sign
Sep, 5, 2013
Many student loan borrowers, overburdened by debt payments and low paying jobs, dream of being able to file for bankruptcy and discharge their debt. While they will certainly be able to discharge their credit card, car, and most other types of debt, the one debt they are likely to fail at discharging is their student loan debt. Bankruptcy lawyers and attorneys, who represent Main Street clients that file for bankruptcy, told loans.org in a resounding chorus that it is difficult and rare to see college loan debt discharged in court.
Sep, 3, 2013
Trump University, now called the Trump Entrepreneur Initiative, is facing a $40 million lawsuit filed by New York Attorney General Eric Schneiderman. As the lawsuit continues, and media coverage focuses on interviews with past students, loans.org reached out to former instructors who reveal insight into the workings of the former Trump University. One former instructor, who requested to remain anonymous, claims that she was hired by Trump University’s Entrepreneurship Mastery Program years ago. She instantly spotted that it was a racket.
Aug, 19, 2013
A few days ago, President Obama signed into law the Senate’s student loan interest rate deal. Prior to the President signing the deal into law, interest rates on federal student loans were at 6.8 percent after they doubled on July 1, 2013.
Aug, 9, 2013
If the future of our nation lies in our children, then Christine Quinn is making sure they are as educated as possible. But it will not be cheap or without a long-term contract.
Aug, 1, 2013
On July 24, the Senate voted 81 to 18 to lower federal student loan interest rates on Stafford loans. The previous rate of 6.8 percent — which was brought into existence on July 1 due to Congressional inaction — has now been reduced to 3.86 percent. The new rate not only applies to student loans taken out in the future, but it will apply retroactively to all financing taken out after July 1, 2013. This agreement is not beneficial for everybody though, as graduate federal student loan borrowers and parent PLUS borrowers will now see increased rates of 9.5 percent and 10.5 percent, respectively.
Jul, 19, 2013
Oregon just passed a revolutionary, almost market-disruptive bill that would effectively make tuition free at colleges across the state. The Oregon program is fairly straightforward. In fact, House Bill 3472, or “Pay it Forward, Pay it Back,” is so straightforward it has been called the solution to the Student Loan Debt Crisis.