With the rise in college tuition, it’s no surprise that more and more students are defaulting on their loans… Defaulting means that you’re unable to make payments on your student loans. Usually, your loan will be considered to be in default status after 270 days of not making any payments. This can cause a ton of […]
Student loan borrowers in the U.S. now owe an outstanding $1.3 trillion in student loan debt. It’s an incomprehensible number. To try to put it into perspective, there are only eleven countries on earth with a GDP higher than the amount of money held in student loan debt in the U.S. Terrifying, right? Well, more understandable numbers […]
Default is one of those big, scary words. Defaulting on your student loan is an unfortunate thing, and can have a number of negative consequences. But there are things you can do to get out of it and fix the damage. So what is Student Loan Default, anyway? In the simplest terms, a student loan […]
There are several reasons as to why somebody may be unable to meet the repayments on their student loans. If you’re one of those people, you may be wondering, “Should I defer my student loans?” It is important to note that deferment is not right for everybody. On this page, we are going to help […]
According to Market Watch, some of the most vulnerable student loan borrowers have been set up to fail. This is based on new information released by the Consumer Financial Protection Bureau which discovered over 220,000 people who have defaulted on their loans are poised to do so again. Student Debt is Rising Each year, student debt has […]
Unless you are exceedingly fortunate on a financial level, you will probably need to take out student loans to cover the cost of your education. Unfortunately, the world of student loans is incredibly complex. It seems that no matter how much research you put in, you will never grasp the intricacies of just how student […]
