The Sneaky Student Loan Cost That’s Adding Thousands to Your Debt
Something may be quietly increasing the total amount you owe on your student loans. It’s called interest capitalization, and it’s rarely talked about. But you could save hundreds of dollars throughout...
View ArticleForget About the College Gap Year—What About the Lap Year?
When Donna Frost Gordon’s son asked if he could stay in college for an extra year, it was for a good reason – but he still turned the family’s finances upside-down. After studying abroad and then...
View ArticleFeds Take Another Shot at Improving Student Loan Servicing
The U.S. Department of Education today laid the groundwork for the type of customer service federal loan borrowers can expect in the future. Among the goals: customer service that’s consistent for all...
View ArticleAmazon and Wells Fargo Team Up to Offer Cheaper Student Loans
College students who are Amazon.com customers may be eligible for a reduced interest rate on private student loans, thanks to a partnership with Wells Fargo announced today. The bank will give a 0.50%...
View ArticleRead This Before You Push Your Deadbeat Millennial Out of the House
If you are the parent of an 18 to 34 year old, I wouldn’t be surprised if he’s napping on the couch behind you as you read this. And I’m not knocking your parenting—or your kid. He isn’t the only one....
View ArticleDvorkin On Debt: More Bad News About Student Loans
Are we getting too comfortable with the student loan crisis? Like the national debt itself ($19.2 trillion), student loan debt is such a big number ($1.2 trillion) that we can barely comprehend it....
View ArticleMost Everyone Thinks College Is Worth It
Americans don’t regret $1.3 trillion in student loan debt, but they sure do wish going to college were free. Most everyone — those who did and did not attend college — think it’s still a solid...
View ArticleThese 5 Pre-Retirement Mistakes Will Sabotage Your Nest Egg
I recently took this question from a listener to “Money Matters,” my Sunday morning radio show: “Wes, this is Betty. I’m 54 and thinking about retirement in the next five to seven years. But in...
View ArticleBorrowers in This State Have the Lowest Student Loan Debt
A new analysis from WalletHub.com evaluated the best and worst states for student loan borrowers to repay their debts and found that Utah residents have the lowest average student debt and the...
View ArticleOff to College Next Year? Now You Can Apply for Aid Sooner
As college gets more expensive, families are now able to get financial help sooner than ever before. For students starting college in the fall of 2017, federal financial aid applications (known as...
View ArticleMost Everyone Thinks College Is Worth It
Americans don’t regret $1.3 trillion in student loan debt, but they sure do wish going to college were free. Most everyone — those who did and did not attend college — think it’s still a solid...
View ArticleOff to College Next Year? Now You Can Apply for Aid Sooner
As college gets more expensive, families are now able to get financial help sooner than ever before. For students starting college in the fall of 2017, federal financial aid applications (known as...
View ArticleMost Kids Expect Parents to Pay for Any College They Want
When we tell our children they can go anywhere and do anything, maybe we should also include: if you can afford it. Otherwise, parents may be expected to foot the bill. It’s already starting to happen,...
View ArticleMost Kids Expect Parents to Pay for Any College They Want
When we tell our children they can go anywhere and do anything, maybe we should also include: if you can afford it. Otherwise, parents may be expected to foot the bill. It’s already starting to happen,...
View ArticleCrushing Student Debt: Myth or Reality?
Headlines about crushing student debt appear frequently in newspapers, on television news, and in opinion pieces. Stories of individual students who are struggling to repay the loans they took to pay...
View ArticleStudent Loans Keeping Almost 70% of Their Debtors Up at Night; Still,...
A record high $1.2 trillion in student loan debt nationally has been blamed for everything from slowing the housing recovery to limiting the number of business startups. A new survey by Credit Karma...
View ArticleThese Debt Collectors Can Only Contact You 3 Times a Month Now
Good news if you’re behind or delinquent with your federal student loans; You’ll be getting a lot fewer annoying robocalls. The Federal Communications Commission has now limited the number of...
View ArticleHow are Debters Managing Student Loans?
A new survey of over 1,000 student loan holders by Credit Karma working with Qualtrics finds that the majority are carrying $10,000 to $50,000 for their educational experience and many of them are...
View ArticleAlmost Every State Is Stressed About Debt
The majority of Americans are worried they can’t pay off their debts. But in Delaware and Washington, D.C., people are most worried about how to afford their lifestyles. DC residents need to make...
View ArticleWells Fargo Hit With $3.6 Million Fee Over Illegal Student Loan Practices
The Consumer Financial Protection Bureau is hitting Wells Fargo with a $3.6 million fee for propagating what the bureau says were illegal student loan servicing practices “that increased costs and...
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