Currently Browsing:Federal Student Loan

Money borrowed from the Department of Education

400,000 were promised student loan forgiveness. Now they are panicking More than 400,000 student loan borrowers may have placed their faith in a government program with an uncertain future. The Public Service Loan Forgiveness Program promises to cancel any remaining student debt for those who work for the government or nonprofits if they have been

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Do You Need a Student Loan Ombudsman? As outstanding student loan debt stays above the trillion-dollar mark, many fresh graduates are faced with the seemingly insurmountable task of paying down their loans in a weak labor and economic environment. For many new grads, the student loan payments have started rolling in, but a steady and

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Student loan forgiveness may be a sweet deal for borrowers, who have collectively accumulated more than $1.3 trillion in debt. The downside: a potentially big tax bill down the road. The federal government currently offers two types of loan forgiveness for student debt: public service loan forgiveness and loan forgiveness provided by income-based repayment plans,

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For-Profit Colleges Account for a Third of All Federal Student Loan Defaults Even though they account for just 26% of all federal loans. Over one-third of federal student loan defaults can be attributed to students at for-profit schools. Students at for-profit colleges accounted for 35% of defaults during the three year period starting in 2013—down

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Makenzie Vasquez, of Santa Cruz, Calif., poses for a picture in Washington, Monday, March 30, 2015. Former and current college students calling themselves the “Corinthian 100” say they are on a debt strike and refuse to pay back their student loans. Manuel Balce Ceneta / AP Students at the abruptly shuttered Corinthian Colleges campuses have

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Michael Hulshof left the University of La Verne in 2012 with his law degree and $145,000 in student debt. Today, that figure is about $220,000 and, by the time he’s 55, he figures it will be around $400,000. That’s when his real problems could begin. Hulshof, a 33-year-old attorney in Antioch, California, entered into a

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As student loan debt plays a growing role in the gap between America’s haves and have-nots, new research suggests that imbalance could make it even harder for young minorities to climb the income ladder. That black college students bear a greater student loan debt burden than their white peers is no surprise, but a new

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Millennials Looking for Student Loan Reimbursement From Employers CAREERS POSTED BY TERRI WILLIAMS ON MARCH 11, 2016 AT 5:05 PM While installing a climbing wall, relaxing the company’s dress code, or serving organic food may make one company sound cooler than the competitors, it turns out that millennials would prefer to receive help with the

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Because of the huge number of people in distress over student loans hundreds of so called Student Loan Assistance programs have opened. While some may no good work most  are simply companies that do poor work , tell lies and use high pressure sales tactics.  6 lies you’ll hear from the student loan assistance companies:

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Forty million Americans have student debt. Together, they owe more than a trillion dollars — an amount that has doubled since the great recession. Americans now have more student loan debt than debt from credit cards, car loans, and home equity lines of credit. country, interests rates as high as 11, 12 and 13 percent.<br/><br/>We

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