Gone are the days when student loans were left to young people to pay back. Today, repayment plans span generations, and some economists warn high debt levels amount to a bubble on the verge of popping. That means both young professionals and their parents face difficult decisions about managing debt — decisions they often are
Enrolling in a repayment plan can seem overwhelming, but it really comes down to two things. Filling out and submitting the form to all your loan servicers when you first start repayment, and refilling out the form and submitting it yearly for recertification.
If your federal student aid package comes up short, one possible solution is private student loans. Private student loans differ from federal loans in several key ways and before you borrow, you need to understand those differences.
One of the frustrating facts about student loans is that each time you take one, it’s a new loan. Generally, you can only take a loan for the current school year. That means you could graduate with four, five, six or more separate loans to manage, even if you only take federal loans. If you
Student loan debt is a well-known issue in the United States. The soaring cost of tuition and issues with income-driven repayment plans have left many borrowers between a rock and a hard place. We might see some light at the end of the tunnel. Several bills currently before Congress could significantly alleviate many of the