According to statistics from 2018, more than 1.2 million borrowers had six-figure student loan balance last year. This is just a small part of a whopping $1.5 trillion student debt crisis that only gets worse year every year. Average graduate school with nearly $30,000 in loans in 2018. Fortunately, there are steps you can take […]
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Recently, Public Service Loan Forgiveness (PSLF) has been in the news a lot. PSFL is a program that let student debt borrowers have any remaining balance on their account forgiven provided they had made 120 qualifying payments. Any payment that is made by the borrower on a direct federal loan, or under an employment repayment […]
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Recently American Bankruptcy Institute’s Commission on Consumer Bankruptcy proposed new changes. These proposed changes are part of the 247-page report, released on Wednesday by prominent members of the bankruptcy community, including former judges, representatives of academic institutions and lawyers from both the debtor and creditor sides. If these new proposed changes in bankruptcy rules take […]
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If you are battling with the financial issues due to your student debt, you are not alone. There are thousands of young millineries who are facing emotional, financial and social pressure due to these debts. As the number of student debt borrowers are growing, so is the help. More people have come up with suggestions […]
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Recently Northwestern Mutual’s 2018 Planning & Progress conducted a survey of over 2,000 American adults, including an oversampling of more than 600 millennials. It is estimated that over 44 million US adults have student loans with the average debt hovering around $33,000 and according to the study, millennials between the ages of 25 and 34 […]
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On August 16, 2018 the New York University School of Medicine made a surprise announcement at its annual white coat ceremony that it will pay the tuition fee of all its students – regardless of student’s marks or financial needs. By doing so, it has become the first major tuition free American medical school. At […]
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According to new statistics, Americans are facing around $1.5 trillion in form of student debt. Millions of youngsters are in-default and many new graduates are facing financial problems due to being in debt that limit their ability to create life they deserve or could. For some, debt is stopping them to buy new homes or […]
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Americans are getting under the burden of student debt as colleges and universities are increasing fees every year. The Federal Reserve Bank of New York estimates the nation’s outrageous student debt which is between $902 billion and $1 trillion. There is been significantly increase in the number of students who are applying for student loan. […]
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In general, finances are the leading cause of stress in any relationship, but marriages are especially prone to breakup due to loans and other financial problems. It’s hard to manage the stress and other challenges for young couples who have to face loan and installments, early in their relationship. According to a report from Student […]
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Many people take on student loans so they could study in their dream fields to pursue their career in respective field later on. But after graduation the reality slaps on their doors and they have to re-adjust or worse, abandon their dreams for sake of paying bills and debt installments. The very debt that was […]
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Everyone would agree with importance of education, especially for the students from middle-class as this is their only opportunity to have a better tomorrow. Politicians agree with the fact and willing to provide higher education to every student in the country, yet they have created a system that facilitate private colleges to increase fees and […]
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Federal Reserve recently released “G.19 Consumer Credit Report”. According to the facts presented in the report, America’s total student loan debt has crossed limit of $1.5 billion and students are facing great difficulty to pay off. At of the end of 2018, around 11 percent of student loans were either 90 days overdue or in […]
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Mark Kantrowitz, private student’s loans Guru has revealed statistics of Americans who are burdened by student loan dept. The numbers are shocking. In In 2017, average student loan debt for graduates was around $39,400*, up six percent from the previous year. It’s 2018 and number has been increased significantly than ever. According to statistics, Americans […]
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