It has often been said that “modern problems require modern solutions,” and the current $1.56 trillion dollar student debt crisis is indeed a modern problem. As the average student of higher education graduates with over $32,000 in federal student loans that they will pay on for over 21 years, an increasing number of recent graduates […]
If you left college with a lot of student loans, and have started to struggle keeping up with payments along with daily expenses, you may be wondering if you can skip a few payments – or stop paying on your loans altogether. For some college graduates, their loan payments are so high that they are […]
Are you considering doing a student loan consolidation? If so, you’re in the right place. We’ll give you the lowdown on consolidation, when it’s a good idea and even show you how to consolidate student loans. Here’s what we’ll cover: What is Student Loan Consolidation? When is Student Loan Consolidation a Good Idea? Should You […]
Student loan debt has skyrocketed up to $1.56 trillion in 2020, with a total of 45 million borrowers across the United States. That makes federal student loan debt the second highest debt category for consumers, behind mortgage debt, but beating out credit cards and auto loans. Private student loan debt makes up another $7.8 billion […]
Are you wondering what happens to your student loans when you drop out? You’re not alone. Let’s take a look at a few statistics. Just 56% of people who enter an American college will graduate within 6 years. 29% of people who enter two-year programs graduate within 3 years. Do these dropout rates seem outrageously high […]
Grants are a great way to pay off your student loans, usually with money that does not need to be repaid. There may, however, be eligibility requirements as well as service or employment requirements. Student loan grants are issued by the federal government, state governments, and nonprofit organizations. Grants are often used as an incentive […]
