19
Sep
Robo Advisors vs. Financial Advisors – Millennials Still Prefer Real-Life

Its 2017, and believe-it-or-not, there is still at least one traditional service that seems like it will not be getting phased out anytime soon by a more accessible, modern-day technological service.You may be saying, "Hold the phone, how is that even possible? Technology makes everything better." But according to a new LendEDU poll of millennials, y

Posted in: Investing,
19
Sep
CFPB Orders National Collegiate Student Loan Trusts to Pay At Least $19.1 Million, Thousands of Borrowers Now Eligible for Debt Relief

Director Richard Cordray and the CFPB have ordered National Collegiate Student Loan Trusts to pay at least $19.1 million. Yesterday, the Consumer Financial Protection Bureau (CFPB) made a decision against National Collegiate Student Loan Trusts and their debt collector, Transworld Systems, regarding the effort made by the aforementioned trust to hunt down payments for

Posted in: National News, Student Loan News,
18
Sep
Bitcoin’s Present (and Future) Role in the American Economy

The 21st century has brought about too many transformative ideas to count. It feels like with each passing month a new technology comes out that pushes another century-old industry into obscurity.Just look at what Uber and Lyft did to the taxi industry, what smartphones did to landlines, or what Netflix is doing to the cable conglomerates. Advanc

Posted in: Personal Finance,
15
Sep
These 10 Colleges in California Leave Graduates With the Least Student Loan Debt

According to LendEDU’s Student Loan Debt by School by State report for 2017, the average student loan borrower in California owes $22,488 in educational debt.California’s average debt per borrower figure is the 49th lowest in the entire United States. Additionally, the state’s figure is down by 1.04 percent year-over-year, and 53 percent of California graduates [&hel

Posted in: Regional News, Student Loan News,
12
Sep
These 10 Pennsylvania Colleges Leave the Average Borrower With the Lowest Amount of Student Loan Debt

The University of Pennsylvania gave the average student loan borrower $24,536 in student loan debt, the 7th lowest figure in the state.LendEDU recently released the annual Student Loan Debt by School by State report for 2017, which revealed the 10 colleges and universities in the state of Pennsylvania that saddle the average student loan borrower […]

Posted in: Regional News, Student Loan News,
12
Sep
By Not Saving Via Investing, 40.6% of Millennials Are Losing Out On Nearly $3.5 Million

To the joy of many investors, the S&P 500 is up by 11% in 2017. However, according to new research by LendEDU, many millennials may be missing out on these gains. LendEDU's research found that 41% of millennials are avoiding the stock market and are instead using savings accounts to save for retirement. We estimate that […]

Posted in: Investing,
08
Sep
CFPB Director Richard Cordray Responds to Department of Education

CFPB Director Richard Cordray has responded to the Education Department's letter with a letter of his own. According to Reuters, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray wrote a letter to Department of Education Secretary Betsy DeVos in which he defended the actions of his bureau and called for the two entities to continue working […

Posted in: National News, Student Loan News,
06
Sep
Student Loan Money for Greek Life Dues? 55% of “Greek” Student Borrowers Admit to Doing So

With the 2017-2018 academic year underway, this question will be revisited time and time again: "Why should I spend such an absurd amount of money to attend college?"In all likelihood, university officials and campus tour guides will offer the following response: "Our university will provide a top-notch education and offer real-world training that will prepare yo

Posted in: Student Loans,
06
Sep
Fifth Third Bank Launches Student Loan Repayment App

Fifth Third Bank has launched the Fifth Third Momentum App to help student loan borrowers chip away at their educational debt. The Cincinnati-based Fifth Third Bank has introduced the Fifth Third Momentum app that is meant to assist student loan borrowers in repaying their student loans, according to a press release issued on September 5th.The Fifth […]

Posted in: Industry News, Student Loan News,
01
Sep
U.S. Senator On Campus to Discuss Student Loan Debt, Legislation

U.S. Senator Bill Nelson (D-FL), seen above speaking at a wildlife refugee event, is looking to cap federal student loan interest rates.As first reported by The Gainesville Sun, U.S. Senator Bill Nelson (D-FL) was on campus at the University of Florida this week to discuss the student loan debt crisis with students and garner support […]

Posted in: Regional News, Student Loan News,