According to the Project on Student Loan Debt: Seven in 10 college graduates (71%) finish school with an average of $29,400 in student loan debt.
If you have managed to get your student loan discharged through bankruptcy by proving that your loan would cause you “undue hardship”, you will need
If you’ve recently looked at your credit report and find that you have an outstanding student loan balance that isn’t yours, you may have been
When you let your student loan go into default, you may be subject to wage garnishments and you could be forfeiting your tax refund checks.
One of the quickest ways to eliminate your student loans is to pursue a career that will pay off your student loans for you. Loan
If you’ve missed numerous payments on your Sallie Mae loan and the loan is now in default, you’ll need to take steps to bring your
Q. How do I manage massive student loan debt ($200,000) on a modest income? A. To manage large student loan debt on a modest income,
Q. How do you suggest dealing with student loans that you cannot yet pay because of lack of job or business profit? A. If you
You may be wondering if it’s in your best interest to consolidate your student loans. Well, experts say that you can benefit from a consolidation—to
In order to qualify for direct consolidation loans, you must have at least one direct loan or Federal Family Education Loan (FFEL) Program loan that
Question: How does loan consolidation work? Answer: When you consolidate your student loans, your original debts are paid off and you roll the combined balances
Q: “I’m going crazy trying to pay my husband’s student loans off. He got three loans in the 1980s at eight percent. He has done
Question: I have a question from one of my readers, who wanted to know about what to do with regard to student loans that they’re not
When you say “Direct Loan,” I believe you are referring to the U.S. Department of Education’s Direct Loan Program (http://www.dl.ed.gov), where you can transfer and consolidate your federal education loans into a single, new loan which offers lower monthly payments. Whether or not it makes economic sense to transfer the loans depends on a host of factors, including: how manageable (or unmanageable) your monthly payments are; how many payments are left on your existing loan; the amount of time and interest you are willing to pay over time; and the interest rates on your current loans.
Under federal law, you can get your federal student loans canceled or discharged for many different circumstances.
Reasons for loan discharge:
With $830 billion in student loans outstanding in America, mounting student loan debt is increasingly wreaking havoc on the lives of U.S. college graduates and dropouts alike.
As unemployment remains stubbornly high, delinquencies and default rates are rising as indebted borrowers struggle to repay hefty student loans that often reach six-figures.
Unfortunately, college debt isn’t just taking a financial toll on millions of borrowers. It’s also inflicting staggering costs on the health, careers, emotional well-being and personal relationships of those burdened with big college loans.
