Thought the student loan crisis was bad as it is? Now add hefty fees into that mix. Providers say students can avoid the fees that pile up when they elect to receive their financial aid on a debit card, but new research from a consumer advocacy group finds that these companies throw up roadblocks to [...]
Educational Financing
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.
With student debt at $1 trillion and counting, and tuition rising 8% a year, it seems impossible that anyone would not know about the smartest college savings tool out there: the 529 plan. Alas, stunning numbers of Americans are in the dark.
It’s bad enough to graduate from college with a mountain of student loans in a world where the prospects of landing a good job are terrible. But at least grads have something that should help their careers in the short- and long-term: a college degree.
College graduation used to be filled with hope and excitement. Lately, though, it seems as if the feeling most likely experienced while dressed in cap and gown is that of dread, with visions of a future burdened by unemployment, underemployment, and student loan payments in grads’ heads.
The Consumer Financial Protection Bureau is testing a new website that it hopes will answer all your money questions in the near future. Here’s your chance to let them know what you need most.
As politics triumphs over policy, underlying facts about student loan levels go ignored along with an opportunity to help students make better enrollment and borrowing decisions.
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!”
A new report shows that Americans are investing like crazy in college savings plans. But the financial value of a four-year degree remains difficult to assess and is often disappointing.
Student loans are placing a burden not just on America’s young — nothing new there — but on America’s seniors as well.
