Tuition costs are on the rise each year, far outpacing the rise in average annual income and inflation. Because of the rising cost of education, most students are taking out loans to pay for their education. This year, 66% of college graduates had some form of loan. The U.S. collectively owes over $1.3 trillion in student […]
You may have heard of a thing called “loan rehabilitation.” Usually, we associate rehab with drug abuse or other traumatic situations, but there is a rehabilitation program for taking out college loans. Debt can certainly be traumatic. But even more traumatic is that many of these graduate students who enter rehabilitation programs end up leaving with […]
College is an expensive business. Tuition doesn’t come cheap, and there’s a life to lead beyond that; it all costs money. The majority of students need some sort of financial assistance, and a high number of them take student loans. But not all student loans are the same. The variance in interest payable on these loans […]
Best and Worse Debt To have: Student Loan Debt We all know that Student Loans represent one of the main ways in which students pay for their higher education. It has become a fact of life in the American higher education system, but sadly the majority of the student loan borrowers do not really understand […]
How the Student Debt Crisis Affects You and the Economy In today’s economy it seems that financial bailouts have become a favorite policy of the U.S. government. The auto industry, insurance companies, banks, and even the solar industry have been major beneficiaries of Uncle Sam’s generosity. On top of that, we have the Congress giving […]
Student Loan Debt Affects Auto Industry Imagine this scenario; Sally is a few years past college graduation with a steady, high-paying job. You would think that makes her a prime prospect to buy a new car, right? WRONG! She already has a car-sized burden on her shoulders, the $25,000 she owes in student loan debt. […]
