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 … [Read more...] about Should I Pay My Student Loans?
Student Loan Default
How To Get Student Loans Out Of Default
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 … [Read more...] about How To Get Student Loans Out Of Default
Should I Defer My Student Loans?
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 … [Read more...] about Should I Defer My Student Loans?
Why Student Loan Borrowers Are Doomed To Default
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 … [Read more...] about Why Student Loan Borrowers Are Doomed To Default
Why The Student Loan Default Rate Is Down
The Department of Education has announced that the number of people that are not making payments on their federal student loans within three years has fallen. The national student loan default rate is now at 11.3% which is down from 11.8% in the … [Read more...] about Why The Student Loan Default Rate Is Down
Will Bankruptcy Erase Your Student Loans?
Annual bankruptcy filings are steadily decreasing as you can see in the chart above. However, things like national economic changes or shifts in the job market can cause bankruptcy rates to skyrocket. With so many students carrying … [Read more...] about Will Bankruptcy Erase Your Student Loans?