Student Loan News

30
Jul
Colleges Ask for Future Shares of Income Instead of Tuition

Income Share Agreements, where a graduate pays back a share of their post-grad salary, are becoming increasingly popular.Instead of requiring students to pay up front for tuition, some colleges are asking for a percentage of their future salaries. The arrangement is intended to help students avoid going into debt to pay for college.Norwich University in […]

Posted in: National News, Student Loan News,
26
Jul
Will Student Loan Refinancing Be the Next Big Employee Benefit?

Gradifi & LendKey are partnering up to offer a new student loan refinance program to help their employees save money.Student loan repayment has been one of the top new benefits companies have been offering to employees. Now, a new program aims to provide another way for companies to help employees save money – by refinancing […]

Posted in: Industry News, Student Loan News,
25
Jul
College Graduates Trading Dream Careers to Make Student Loan Payments

A study conducted by American Student Assistance found that more graduates are factoring student debt into their career choices.With seven in 10 college graduates owing on student loans after they get their diplomas, many graduates are finding how much they owe is a driving force in their job selection. A study from a nonprofit group, American […]

Posted in: National News, Student Loan News,
24
Jul
Parents Take On More Student Loan Debt to Pay for Their Kids’ College

Recent findings have shown that parents are taking on more and more student loan debt to help pay for their kids' education. With America’s student loan debt at $1.5 trillion, even parents are finding themselves deep in debt.From a new analysis of federal loan data, The New York Times reported that the average debt load for […]

Posted in: National News, Student Loan News,
16
Jul
Students Paying More for College But Aren’t Sure It’s Worth It

A survey conducted by Ascent Student Loans found that some student loan borrowers are questioning the value of their education. A countrywide survey set up by Ascent Student Loans has revealed students are paying more for their college educations than they anticipated. Furthermore, they don’t think their education is paying off as much as the price […]

Posted in: National News, Student Loan News,
13
Jul
Study Reveals Borrowers Who Repay Their Student Loans Do So Early

A research report by the Bureau of Consumer Financial Protection found that large payments could be the key to paying off student debt.After years of making payments on their student loan debt, most borrowers who pay off their loans typically end this journey with a lump sum payment, according to a recent study by the […]

Posted in: National News, Student Loan News,
11
Jul
‘Paid Off’ Game Show Wants to Pay Off Your Student Loans

TruTV's "Paid Off" quiz show will look to help student loan borrowers hampered by student loan debt. For students looking to pay off their student debt, help could be on the way with TruTV’s “Paid Off” show. With an inaugural air date of July 10, the new TV quiz show aims to help college graduate contestants […]

Posted in: National News, Student Loan News,
10
Jul
Why California’s AG Is Suing Navient and What it Means for Borrowers

California Attorney General Xavier Becerra recently announced his plan to sue student loan servicing company Navient. On June 28, California Attorney General Xavier Becerra announced plans to sue student loan servicing company Navient based on allegations of widespread abuse over debt payment collections. This is the latest in a growing number of state lawsuits agains

Posted in: Industry News, Student Loan News,
03
Jul
The Downside of Student Loan Forgiveness: A Huge Tax Bill

Student borrowers that get loan forgiveness after using an income-driven repayment plan may be subject to a large tax bill. Students looking for student loan debt relief might also find themselves with an unexpected tax bill. These one-time tax bills are a component of the Education Department’s income-driven repayment plans.Created in 2007, one version of the

Posted in: National News, Student Loan News,
02
Jul
New Bill Would Help Borrowers in Student Loan Default Keep Their License

In Washington D.C., U.S. Senators Rubio and Warren have gotten together to introduce a bill meant to protect student loan borrowers. Losing your license can be one of many bad things that happen when you default on your student loans. However, many struggling borrowers might be able to stop fearing that loss if a new bill […]

Posted in: National News, Student Loan News,