Student Borrowers Beware Of These Common Hazards

student loan hazards

by Student Borrowers Beware Of These Common Hazards Student loans are a blessing in disguise. Even though they follow you until you pay them off or die (and even after in some cases), they do help not thousands but millions of borrowers who would otherwise be unable to afford college. The “nightmare” starts once the borrowers graduate or leave school. … Read More

5 Ways To Tackle Student Loan Debt

tackle student loan debt

by A lot of people when looking back at what they would have done differently after graduating college, they mention tackling their student loan debt earlier, as one of the top answers.“Looking back, I could have done a lot of things different,” says Dominguez, 33, who lives in Austin, Texas, and recently started a business with his father, selling goods … Read More

Should I Consolidate My Federal Student Loans?

by If you happened to take out student loans during your college years, odds are that you will end up with several individual loans. This could be confusing and overwhelming, specially if you’re dealing with different repayment dates, options, and all the interest you’re accruing. Lucky for you, there is an option that simplifies this process, and it’s called Direct … Read More

Careers That Get You Student Loan Forgiveness

by Careers That Get You Student Loan Forgiveness Did you always knew what you wanted to study? Or whenever you were listening to your Sociology professor, you immediately thought, hey “studying people” sounds like a pretty cool career, I think I am going to switch majors and become a sociologist! Woah there buddy, you sure you wanna take out all … Read More

Easy Guide To Paying Off Your Student Loans

by Easy Guide To Paying Off Your Student Loans The 6 month grace period for many recent college graduates is about to expire, which means…is time to start paying those student loans! And if the past is any indicative of how things will unfold, there will be a lot of people who will miss making their first payment, and some … Read More

One Missed Student Loan Payment Affects Your Credit Score

by Were you aware that even one late or one missed student loan payment affects your credit score? The fact that the 2014 class graduated with a record high student loan debt of about $33,000 average per student, it is definitely troublesome, BUT on the positive side, it seems like student loan default rates are dropping, mainly because of the availability of repayment … Read More

New Rules for PLUS Student Loan Program

by The Department of Education has decided to ease the rules regarding the PLUS Student Loan Program used by parents and graduate students. The new regulations will both expand student access to post-secondary education and safeguard taxpayer dollars by reflecting economic and programmatic changes that have occurred since the program was established more than 20 years ago,” said Secretary Duncan in … Read More

Understanding Delinquency vs Default on Student Loans

by What is default? The term “default” means you have failed to make payments on your student loan as scheduled according to the terms of your promissory note, the binding legal document you signed at the time you took out your student loan. What would happen if I miss a payment on my student loans? Well, if you miss a … Read More

Government Makes Billions Crippling Student Borrowers

by The Federal Government makes vast profits, while crippling student borrowers chasing their higher education dreams. So just how vast is this profit that the government makes from student borrowers? Well, in the 2013 fiscal year alone, the Government cleared $41.3 billion in profit from its student loans. To put this in perspective, imagine that if the federal government were … Read More