10:00 am, July 25th | by Demetrius Cheeks, LearnVest
Heather Jarvis has spent the last ten years advocating for—and educating—student borrowers. And given that interest rates on federal Stafford loans doubledto 6.8% on July 1, there’s likely be a lot more advocating and educating in her future. We sat down with Jarvis to learn more about student loan consultants—a profession that’s, not surprisingly, in high demand.
12:30 pm, July 18th | by Grace Rasmus
The decision, which will reportedly decrease the deficit by $715 million over the next decade, will offer students better rates on their loans this fall, but probably assign higher rates in coming years. The deal will officially be voted on as early as Thursday and is predicated to pass.
6:00 pm, July 1st | by Colette McIntyre
“We crush them with debt to go to college — and today, rates are actually set to double. Are we out of our minds?”
3:15 pm, June 21st | by Colette McIntyre
With just a few days until interest rates on subsidized Stafford loans double from 3.4 to 6.8 percent, a bipartisan group of senators has finally begun work on a legislative compromise.
11:05 am, June 11th | by Grace Rasmus
Senator Elizabeth Warren (D-MA) ponsored a bill that would freeze interest rates for federal loans at 3.4 percent for two years. The GOP blocked this proposal on Thursday
11:30 am, May 28th | by Sarah Devlin
Upon hearing that 1/3 of millenials regret going to college, I’m beginning to think that the bulk of that third is made up of women.
6:30 pm, February 22nd | by Colette McIntyre
In today’s EOD roundup, the Consumer Financial Protection Bureau announced a new initiative to help the nation’s college graduates pay off their combined $1 trillion in student loans. The agency will begin to draft proposals that aim to lower monthly loan payments through refinancing and income-based payments models. Does this mean that we won’t die alone…?
3:30 pm, February 20th | by Colette McIntyre
You already knew that your student loans were ruining your plans to own and operate your own rooftop apiary but new research suggests that your excessive debt may also be the reason why you can’t get someone to put a ring on it. Stopping “Jessica Alba’s Honey*” before it started was one thing, student loans, but messing with my love life? That’s a new low.
9:30 am, February 13th | by Emily Co, SavvySugar
More people are facing bankruptcy because of student loan obligations, according to a survey by the National Association of Consumer Bankruptcy Attorneys. In fact, the student loan debt has passed $1 trillion, which is more than the nation’s credit card debt.
There are several things you can do to put off paying your loans, but it’s advisable to pay them on schedule. Still, there may be times where you simply can’t make ends meet and pay off your loans. Here are some of your options.