Wednesday, 31 December 2014

3 Student Loan Tips for Borrowers Returning to School in 2015

U.S. News & World Report (blog)3 Student Loan Tips for Borrowers Returning to School in 2015U.S. News & World Report (blog)Like your unwanted gym membership from last year, student loans stick around, and they can really cost you if managed incorrectly. ​If returning to school is your goal for 2015, great, let us help you achieve it in the smartest financial way possible ...

Federal Student Loan Debt Tops $800 Billion

CNSNews.comFederal Student Loan Debt Tops $800 BillionCNSNews.com"Outstanding student loan balances reported on credit reports increased to $1.13 trillion (an increase of $8 billion) as of September 30, 2014, representing about $100 billion increase from one year ago," the bank said in its latest report on household ...

Wednesday, 24 December 2014

Find Solutions for Older Americans With Student Loan Debt

U.S. News & World Report (blog)Find Solutions for Older Americans With Student Loan DebtU.S. News & World Report (blog)If you're eligible, your monthly student loan payment will be set at no more than 15 percent of your income. Use the U.S. Department of Education's Repayment Estimator to explore eligibility for income-based repayment plans and possible payment amounts.

Tuesday, 23 December 2014

Student Loan Refinancing for Creditworthy Graduates

NY1Student Loan Refinancing for Creditworthy GraduatesNY1With some graduates carrying six-figure student loan debt, there is one company helping certain borrowers refinance. NY1's Tara Lynn Wagner filed this report. It is a fact that bears repeating: many people owe a lot of money in student loans. "Student ...

Monday, 22 December 2014

How Student Loans Almost Ruined My Relationship With My Parents

Credit.com News (blog)How Student Loans Almost Ruined My Relationship With My ParentsCredit.com News (blog)He couldn't pay his student loans, and his parents began to get late notices. Worse, because they had co-signed the loans, their credit scores took a significant hit. His parents have a small business, and good credit was important. “It was an ...

Saturday, 20 December 2014

Paying Student Loans Using Bitcoin and Saving 17%

CryptoCoinsNewsPaying Student Loans Using Bitcoin and Saving 17%CryptoCoinsNewsRather, a guide to combining two services – Tuition.io and Brawker – for paying student loans using Bitcoin. Tuition manages your student loans and offers payment plans and strategies to minimize interest. Last fall, a new service debuted; the ability ...

Thursday, 18 December 2014

Getting education loans despite tougher norms

Business StandardGetting education loans despite tougher normsBusiness Standard"Education loans are not a problem at all for professional institutes such as the IITs, IIMs and even good colleges in tier-1 or tier-2 cities. The problem lies in giving loans to students in general streams and also studying in tier-3 and tier-4 ...

Wednesday, 17 December 2014

Avoid Losing Your Student Loan Eligibility

U.S. News & World Report (blog)Avoid Losing Your Student Loan EligibilityU.S. News & World Report (blog)In addition to the other criteria for federal financial aid eligibility, a student is required to be making what's called "satisfactory academic progress," or SAP, to maintain that eligibility. There's both a qualitative and quantitative component to ...

Monday, 15 December 2014

US college freshmen have no idea how much student debt they owe

The Guardian (blog)US college freshmen have no idea how much student debt they oweThe Guardian (blog)This is because $5,500 is one of the most common debt levels for first-year students, and many students with federal debt report that do not have any federal debt,” write Akers and Chingos. “We find that among students with federal loans, 28% reported ...

Sunday, 14 December 2014

How Do Student Loans Affect Your Credit Score?

Motley FoolHow Do Student Loans Affect Your Credit Score?Motley FoolThe short answer is that before you enter your repayment period, your Federal student loans do not affect your credit score. There is no payment history to report, so there is nothing positively or negatively affecting your score. However, the full ...

Wednesday, 10 December 2014

Senate Democrats Urge US to Tear Up Corinthian Students' Loans

Wall Street Journal (blog)Senate Democrats Urge US to Tear Up Corinthian Students' LoansWall Street Journal (blog)Thirteen U.S. Senate Democrats are pushing Education Secretary Arne Duncan to wipe out federal loans given to students who enrolled in a troubled for-profit college that's being dismantled amid federal and state investigations. Sen. Elizabeth Warren (D.

Keep The Money In The Family: Refinance A Student Loan With A Wealthy ...

ForbesKeep The Money In The Family: Refinance A Student Loan With A Wealthy ...ForbesAs an Indian national (his U.S. permanent–residency green card is in the works) he wasn't eligible for federal loans, so these were all private student loans with rates varying from 4% to 11%. Mehta's wife, Sheetal Chavan, carried even pricier debt ...

Monday, 8 December 2014

Niagara Falls repays student loans to combat population decline

FusionNiagara Falls repays student loans to combat population declineFusionSeth Piccirillo, 32, the city's community development director and Niagara Falls native, hit on the idea of repaying student loans after seeing headline after headline about how debt is dragging young people down. He knew he needed to address the city ...

Saturday, 6 December 2014

ITT Tech's new charter school to offer free AA degree — with a catch

Indianapolis StarITT Tech's new charter school to offer free AA degree — with a catchIndianapolis StarThe lawsuit says ITT also misled students on their job prospects after graduation, suggesting they would likely land good jobs and be able to pay off student loans. ITT targeted low-income students, according to the lawsuit, knowing they would need ...

Can you handle your education loan?

Business TodayCan you handle your education loan?Business TodaySonali Kapoor has completed her course in fashion design and is looking for a job. While the wait tests her patience, her problems are compounded by the fact that she has taken an education loan of Rs 4 lakh. "The loan repayment starts in a few months ...

Theater majors face toughest time paying off student loans

Madison.comTheater majors face toughest time paying off student loansMadison.comThe study looks at typical earnings right out of school and a decade later to see how that affects their ability to pay off their student loans. “Graduates in drama and theater face payments of 24 percent of their earnings during the first year of ...

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