Currently Browsing:Federal Student Loan

Money borrowed from the Department of Education

Do You Need a Student Loan Ombudsman?

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 […]

Student loan forgiveness can come with a tax bomb

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, […]

For-Profit Colleges Account for a Third of All Federal Student Loan Defaults

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 […]

Corinthian Students Face Tough Choice to Discharge Loans

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 […]

Ex-Students With ‘Income-Based’ Loan Payments Face Crushing Tax Bil

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 […]

Even Well-Off Black Students Carry More Loan Debt

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 […]

Millennials Looking for Student Loan Reimbursement From Employers

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 […]

6 lies you’ll hear from the student loan assistance companies:

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: […]

Student loan crisis

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 […]

Scam Alert: Con artists are targeting student loan holders through social media

Scam Alert: Con artists are targeting student loan holders through social media 2:07 PM. CST February 19, 2016 136 (Photo: WHAS) CONNECT TWEET LINKEDIN GOOGLE+ PINTEREST LOUISVILLE, Ky. (Press Release) — The Kentucky Association of Career Colleges & Schools (KACCS)  issued a scam alert on Friday, to warn the public of con artists that are […]