National News

13
Sep
College Fees Can Change a Tuition Bill Drastically

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, and board listed, but they also see items like library, mentoring, and technology fees. Sometimes the […]

Posted in: National News, Student Loan News,
05
Sep
Some Parents Don’t Tell Kids How Much They’re Expected to Pay 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 learning costs. But some of those parents haven’t told their children how much they are expecting them to contribute, according to a 2018 study from Fidelity [&

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

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 as a lifeline – cutting through red tape, demanding systematic reforms when borrower

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

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 Sallie Mae and Ipsos, an independent global market research company, it found that most families believe college is worth the […]

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 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 $27,975 among those who have borrowed money. Collectively, more than $1.5 trillion is owed in the U.S. for student loan

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

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 loan borrowers are late on their payments. During the second quarter, total household debt increased 0.6 percent from […]

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

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 going into default by 2023, reported CNBC. Depending on the type of student loan – federal or [&he

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

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 the app is up and running, and the whole site is expected to be operating […]

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

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 is not a small amount of money: for the class of 2017, the average graduate borrower exited college with […]

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

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 journal Demography found higher rates of foreclosure from 2006 to 2011 in places that had recently sent more […]

Posted in: National News, Student Loan News,