Millions of Americans are having difficulty paying off their student loans, and some senior citizens are finding out what happens if they default on those loans.
More than 70 percent of undergraduate college students take out student loans to help with college costs. The U.S. Department of Education offers several different repayment plans to ease the burden of loan payments for new graduates as they work to establish their careers.
President Set To Announce Expansion Of ‘Pay As You Earn’ Program Monday
Sen. Charles Schumer is calling on Congress to allow college graduates to refinance their student loan debt to get the same interest rates now offered to current students.
College seniors will soon be donning caps and gowns, but more than half will also be shouldering staggering debt.
Student loan debt has surpassed the $1 trillion mark nationwide, surpassing credit card and auto loan debt.
Sen. Kirsten Gillibrand is renewing a call for legislation that would allow student borrowers to refinance their federal student loans at lower interest rates.
Total college loan debt nationwide is a staggering one-trillion dollars, and many students may not be aware of programs that could greatly ease that burden; loan forgiveness for graduates who take jobs in the public sector.
There is now an option for parents to get their kids into some of the city’s top pre-kindergarten programs with loans just for day care.
It may soon get more expensive to finance your college education. Congress has another battle coming to a head and if lawmakers don’t make a deal by Friday, interest rates will jump in millions of student loans.
Students with an engineering degree from a college or university in New York State may find a financial helping hand under a proposal now under design.
U.S. Sen. Kirsten Gillibrand (D-N.Y.) has proposed new legislation to ease the burden for students who have taken out loans to pay for their education.
Congress just voted against a scheduled interest rate hike on such loans, but still, millions of people — many ready for retirement — are still drowning in this debt.
Sen Charles Schumer took to the steps of the New York Public Library on Sunday, to ask Congress to approve a deal that would block a student loan increase.
With a couple of simple fixes from Congress, billions of dollars could be put into the economy by allowing middle class families to refinance their mortgages and by keeping student loans at market rates.