Student Loan News

26
Feb
Study: Americans Willing to Give Up Vacations and Eating Out to Become Debt-Free

Being in debt is a major drag. After all, when you owe money, you’re stuck making payments every month – and some of your hard-earned cash goes towards covering interest. Yet, despite the fact that no one likes being in debt, many Americans owe all sorts of money from student loan debt to credit card […]

Posted in: Credit Card News, Editor's Picks, Financial News, Student Loan 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 borrowers [&

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,
27
Aug
With Higher College Costs, More People Buy Tuition Insurance

If a student drops out of college partway through a semester, they can lose the money they paid for tuition and fees. But in recent years, more people are paying for tuition insurance. Tuition insurance can protect families if their child drops out of college after the school’s deadline to obtain tuition reimbursement – typically at the […]

Posted in: Industry 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,
23
Aug
PenFed & Sallie Mae to Offer College Planning & Payment Options

The Pentagon Federal Credit Union and Sallie Mae announced a new partnership that will give PenFed members access to in-school financing through a suite of undergraduate and graduate school payment options. The partnership offers an easy-to-use scholarship tool, PenFed Scholarship Search. This allows access to three million scholarships valued at more than $

Posted in: Industry 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,