A bankruptcy judge has ruled in favor of a Maryland resident who claimed she could not repay her student loans because her Asperger’s syndrome prevents her from holding a job.
So, you’ve gotten into college (congrats!), filled out your FAFSA (great!) and are now staring at a financial-aid award letter, wondering what to do next (uh-oh). As the May 1 deadline to accept financial-aid offers approaches, TIME Moneyland spoke to Mark Kantrowitz, publisher of FinAid.org and Fastweb.com, to thwart many of the common misconceptions families [...]
Every few weeks now a petition pops up in my Facebook newsfeed urging the government to forgive all student debt. The comment from the person posting the petition usually goes something like this, “Guessing this will never happen, but can’t hurt to sign on!”
Really need to take that econ course? It’s going to cost you. Santa Monica College is rolling out a two-tiered pay system so students who are desperate to get in to a class can gain admittance, if they can pony up the extra cash.
What a difference five years can make. A new survey from Amerprise Financial shows that parents (and future parents) feel they are much less capable of helping their children foot the bill for college than in years past.
Prepare yourself: on July 1, as many as 8 million college students will see their interest rates on federally subsidized student loans double, from 3.4% to 6.8%. According to the U.S. Public Interest Research Group, that increase amounts to the average Stafford loan borrower’s paying $2,800 more over a standard 10-year repayment term for loans [...]
For years we’ve been told to keep drunken Facebook photos and racy wall posts private to avoid the judging eye of a potential employer, but now, according to MSNBC’s Red Tape blog, even that might not be enough.
If you’re struggling to pay credit card debt, car loans or even gambling debt, you can wipe the slate clean in bankruptcy. Struggling to pay your student loans? Sorry, you’ll just have to figure that one out on your own.
Bowing to pressure from an online petition, lending giant Sallie Mae offered to change its fee policy for borrowers who have delayed payments on their student loans. Borrowers who enter into forbearance will now have the recurring $50 fee Sallie Mae charges to delay payment on the loans applied to the loan balance once borrowers [...]
A group of students at the University of California has an unexpected proposal for how to combat the skyrocketing cost of tuition: don’t pay anything — until after graduation.
In his State of the Union address on Tuesday night, President Obama “put colleges and universities on notice.” Find a way to stop tuition from going up, he told them, or risk losing federal aid money. Following up on that charge, Obama put forward a proposal on Friday at the University of Michigan that, if [...]
