Below is an interesting question and answer session regarding private student loans. Read below for some great advice from Steve Rhodes, the Get Out of Debt Guy! Question: Dear Steve, So I have private loans and a few federal loans my month payment currently is for all my loans is about $1000. My employer has… Continue reading Can I Just Pay What I Can Afford on My Private Student Loans?
Tag: student
Student Debt Remains Part of Economic Instability
After four years of university study and several more for a second or third degree, students are left with tremendous debt and a big hole in their pockets. Despite attempts to stay within a budget, find secure employment and start a payback plan, graduates find themselves stuck in the mire of financial obligations and bank… Continue reading Student Debt Remains Part of Economic Instability
Struggling to Keep Up with Student Loan Repayment
We’ve all heard the stories. Whether from our friends, colleagues, adult children, or through our own experiences, we know that student loan debt is taking a huge toll on students and graduates across the country. With the total volume of outstanding student debt amounting to well over a trillion dollars, we’ve heard stories of its… Continue reading Struggling to Keep Up with Student Loan Repayment
New signs of trouble for student loan borrowers
Earlier this year, we asked you to share your stories about student debt stress. More than 30,000 of you responded, telling us that student loan servicers (the companies that send you a bill each month) can make it harder to manage your loans and may contribute to our nation’s growing student loan default problem. Last… Continue reading New signs of trouble for student loan borrowers
11 Myths About Student Loan Forgiveness
If you have more student loan debt than you can handle, or if you’ve been paying and paying (and paying) and can’t make headway, chances are you’ve wondered about student loan forgiveness. As you look into your options, keep in mind that everything you read (or hear — even from your student loan servicer) may not be accurate.… Continue reading 11 Myths About Student Loan Forgiveness
Senate Scrutinizes Campus Cards
Christina Lindstrom, an official with the advocacy group US PIRG, testified that campus card arrangements are costly and unnecessary. “Right now students are being hit with high fees that are hard to avoid as they try to access their federal financial aid refunds through campus sponsored bank accounts and prepaid debit cards,” she said. Lindstrom went on to say that students at some schools were being charged “steep and unusual” fees to get their federal financial aid, including PIN transaction charges and overdraft fees of $37 and higher. “On the whole these accounts are not necessarily a better deal for students than what they might find through a bank not affiliated with the campus,” she testified.