National News

13
Sep
College Fees Can Change a Tuition Bill Drastically

Additional college expenses, such as library fees, can often catch parents and students completely surprised when budgeting. When potential students and their parents receive tuition statements and bills as they prepare to head off to college, one thing has changed from a generation or two ago – college fees. Students don’t only see items like tuition, room,

Posted in: National News, Student Loan News,
05
Sep
Some Parents Don’t Tell Kids How Much They’re Expected to Pay for College

A recent study shed light on the fact that many parents do not have an honest discussion with their children regarding paying for college.With the cost of a college education continually going up, many parents across the country are expecting their children to come up with more of the money they’ll need for their higher […]

Posted in: National News, Student Loan News,
30
Aug
Consumer Financial Protection Bureau Official Steps Down

The CFPB's student loan ombudsman Seth Frotman resigned from that position this week. The Consumer Financial Protection Bureau’s student loan ombudsman announced his resignation from his position early this week. In his resignation letter, which was published on NPR.org, Seth Frotman discussed the need for entities such as the CFPB.“For many, the CFPB has served a

Posted in: National News, Student Loan News,
29
Aug
Is College Worth the Price? New Survey Reveals What People Think

According to a recent study by Sallie Mae, most families in the U.S. still believe that college is worth the cost. Most families and students believe a college degree is worth the investment, and most are willing to push themselves financially to make it happen.According to the joint national study, “How America Values College 2018,” by […]

Posted in: National News, Student Loan News,
24
Aug
IRS Will Allow Student Loan Repayment Benefits to Be Linked to 401ks

The Internal Revenue Service recently decided to allow employers to add student loan repayment benefits to their retirement plans.The Internal Revenue Service has decided employers can add student loan repayment benefits to their retirement plans.The typical college graduate owes tens of thousands of dollars in student loan debt after college, with the average being $27,97

Posted in: National News, Student Loan News,
22
Aug
The Student Loan Delinquency Rate Drops Even as Household Debt Hits High

Pushed by increased mortgage borrowing, household debt continues to grow, yet fewer student loan borrowers are late on payments. U.S. household debt continued growing in the second quarter this year, pushed by increased mortgage borrowing, according to a recent report from the Federal Reserve Bank of New York. Yet as household debt has grown, fewer student […]

Posted in: National News, Student Loan News,
21
Aug
40% of Student Loan Borrowers Could Be in Default in 5 Years

​A new report indicated that more than one million student loan borrowers are going into default annually.Outstanding U.S. education debt has grown larger than $1.5 trillion, and more than 1 million student loan borrowers are going into default annually.Unfortunately, experts say the problem will likely get worse, with 40 percent of student loan borrowers potentially [&h

Posted in: National News, Student Loan News,
16
Aug
Check Out the New FAFSA Mobile App

The Department of Education recently unveiled their new mobile app for filling out the FAFSA.With people relying increasingly on their phones to do the majority of their business, the Department of Education has unveiled an app for filling out the Free Application for Federal Student Aid, more commonly called the FAFSA. A beta version of […]

Posted in: National News, Student Loan News,
14
Aug
Are Apprenticeships a Solution to the Student Loan Debt Problem?

The Michigan Talent Investment Agency is looking to make apprenticeships popular again as an alternative to high student debt. The U.S. Bureau of Labor Statistics estimated that 67 percent of high school graduates will go to college. But nearly half of students who enter college drop out, left with debt and no diploma. Often, this debt […]

Posted in: National News, Student Loan News,
13
Aug
Paying for College Tied to Higher Risk of Foreclosure

A recent study published in Demography found a correlation between foreclosure and increased college attendance rates.Paying for college can be a big financial burden for a family. And a new study shows those added costs of college tuition were connected to a higher likelihood of foreclosure during the economic downturn.A new study published in the […]

Posted in: National News, Student Loan News,