How the Debt Deal Impact Students
While Jasmin Beltran, a communications and public relations manager atAlbert, is now at the top of the debt-free mountain, her journey there wasn't easy. After graduating from college, Beltran accrued both student debt and credit card debt — between her modest starter salary and New York Cit...
Missing out on free financial aid could mean taking on more debt to pay for college or graduate school. Filling out the FAFSA is the primary way to receive grants and scholarships, as well as work-study. It’s also the only way to borrow federal student loans, which tend to have lower ...
College Students May Struggle, But Many Find a Way to Make It Through Despite challenges, these students are succeeding and looking forward to what's ahead, but none said it was easy. Overall, meeting their weekly costs is doable but stressful. To make it though, students are...
Along with navigating your new campus and sharpening your study skills, there’s another key lesson to learn: how to create a college student budget. When done right, a budget can help you limit debt, build some savings, and accomplish your goals. Need to make sure you have enough for te...
U.S. student loan borrowers collectively owe $1.77 trillion in federal and private student loan debt in 2025, according to the most recent quarterly tally by the Federal Reserve. The average borrower with undergraduate student debt owes $29,300, per College Board....
How does a student loan work? Student loans are much like any other type of loan. They’re a lump sum of money borrowed from the federal or local government, or a private lender, with an agreed upon repayment schedule and interest rate, for the purpose of paying for colle...
Tax Deductions and Credits for College Students There are a number of deductions and credits you can take advantage of if you’re attending school and your loans are in deferment. Some of these are only beneficial up to a certain amount. These tax breaks include: ...
Student loans help students cover college expenses by allowing them to borrow money for tuition, housing, books, and other school-related costs. However, they must be repaid with interest, making it essential to understand how they work. There are two main types of student loans: federal ...
She expects student leaders to "shape what direction a college is going to go in." "I think colleges are in the same position students are where they are trying to figure out where does this go and how to manage what's ahead," Jessie adds. The...