Of course, the students who take out these loans should ultimately be responsible for their repayment. The classic line regarding the Twenty-Sixth Amendment was that if an eighteen-year-old was old enough to gamble, smoke, and join the military, he is also old enough to vote. The way I ...
In-school Loans Finance your education with student loans through Laurel Road’s partnership with Sallie Mae® Guide to Student Loan Repayment Sorting through the different ways to pay and finding the best fit for your needs may seem daunting, but taking a high-level look at the programs and...
In the case of student loans, the student is responsible for repaying the debt — whether they graduated or not. The only exception to this rule are parent PLUS loans, in which the parent — not the student — is responsible for that debt. Although the question of who’s responsible for...
"These 3.7 million families whose parents owe upward of $104 billion through Parent PLUS loans are the 'hidden casualties' of the student loan crisis," according to a statement from The Century Foundation president Mark Zuckerman and director of higher education Robert Shireman. The median debt l...
If you don't qualify for a federal student loan forgiveness program - or you have private student loans - there are other ways to save money on your loan repayment. Borrowers with private student loans should seriously consider refinancing their loans. This could help lower the monthly payment ...
" CFPB says. "For other borrowers, saving the most money might not be their main goal. You may be interested in paying extra each month on certain loans in order to improve your credit profile, qualify for a mortgage, or eliminate a monthly bill. You should weigh all of your options."...
Ironically, the blame for this glut of student loan debt falls squarely on the shoulders of the US government – the same people promising to fix the problem. Had Uncle Sam not guaranteed all of these loans, lenders would have never been willing to loan a bunch of college kids money to ...
Even public figures have student loans. If misery loves company, then new college graduates facing a mountain of student loan debt may find comfort in this group of public figures who have borrowed to pay for college. They've done everything from taking on six figures in parent lo...
The Department of Education estimates that roughly 27 million borrowers with Pell Grants will be eligible for up to $20,000 in student debt relief. Pell Grants are usually awarded to undergraduate students who “display exceptional financial need....
What can you do to repay your student loans sooner?国家助If you can manage it, repay your loans on the standard 10-year repayment plan. You'll pay less interest and get rid of your loans sooner.And it's a good ide a to throw extr a money at your bill when you can to speed up...