Corinthian Colleges Sanctioned and at Shut Down Risk The well known chain of for-profit colleges is currently at risk of being shut down after the government restricted its access to federal student loans, all because of strong allegations that the colleges were taking advantage of student borrowers and adding to the country’s increasing student loan […]
Student Loan Servicers Under Inspection THE NASFAA (National Association of Student Financial Aid Administrators) recently announced that is teaming up with the NDSLC (National Direct Student Loan Coalition) on a joint force that will put new pressure on student loan servicers to improve how they handle the repayment process. Some of the student loan servicers […]
Student Loan Repayment Tips Important facts we have been sharing with you that you should know by now: * The average college graduate leaves college with a debt of over $30,000. * During the first 5 years after graduation, 4 out of 10 student borrowers become delinquent in repaying their loans. This can lead to […]
Reduce The Sting of Student Loan Interest Hikes While several democratic senators including Elizabeth Warren are coming up with new bills in order to let student borrowers refinance their student loans to the current rate, federal student loan interest rates will be increasing by 0.8% on July 1st, 2014 for college students and parents in […]
These days millions of people find themselves taking out student loans in order to pay for the high cost of college. However, many young adults and recent high school graduates are not able to obtain a loan on their own so they rely on a parent or relative to be their co-signer. Although Federal loans […]
Repayment Plans Could Cost Student Loan Borrowers More Repayment plans such as the Income-Driven program help alleviate the pressure for struggling borrowers trying to pay back their student loan debt. But several policy experts affirm that the federal program offering these plans is not really as effective as it could be, and could actually end […]
