Veterans and their dependents face a unique series of challenges when funding their education. Luckily, a number of organizations offer financial aid and assistance to those affected by active military duty. The following resources provide educational benefits for veterans and their families: […]
College graduation, the best day of your life! On this day you’ll embark on so many new feats which includes a new career and new friends in new places to name a few. There is one other major obligation you’re on the hook for rather you realize it or not and that’s your student loans. Believe me, paying back student loans isn’t any fun, which explains why so many Americans place this responsibility on the back burner. Below are a few reasons why student loans don’t get paid. Take a very close look at these examples and make sure you don’t fall within any of them. […]
For those students who are about to graduate from college, the idea of beginning to repay substantial student loan debt can be overwhelming. There may be questions about when the best time to refinance a student loan is, or if it is a good idea to refinance the loans at all. We have created a brief guide that will help answer some of the pressing questions for college graduates. […]
Here are the best articles from around the web this week talking about student loans… For the week ending Friday June 14, 2013 Student Loan News: 1. Surviving Student Loan Default: Rising student loan delinquencies have become worrisome, with banks writing off $3 billion in student loan debt during the first two months of this year alone. By February, about 850,000 students had defaulted on their loans in 2013, according to a March article on the Debt.org website. […]
Getting a college education often presents a significant financial burden, and students in the armed forces face particularly harsh challenges when they are called to active service. In 2003, the Higher Education Relief Opportunities for Students (HEROES) act was signed into law, ensuring financial flexibility and assistance to students in the military affected by deployment in times of war or emergency. The Secretary of Education may now regulate any statutory or regulatory aspects of Title IV student financial aid. Affected individuals eligible for these provisions, along with their spouses and dependents, include: […]
Paying off college loans can be a drag but if you’ve borrowed the money, you must pay it back. Many people wait far into their 30’s or even 40’s before they began paying the loans back and end up paying large amounts of interest and late payments for doing so. You must pay them off early! That should be your goal. Some are concerned with their living situation and are not sure if they can pay rent and loans. We’ve done some research for you and determined the best places to live after college to pay off student loans. Hopefully, these considerations will be helpful to your situation. […]
Most students graduating from college feel like they have their whole life ahead of them, and the last thing they want to think about is buying a life insurance policy. They might think there is plenty of time to do so and place life insurance under the heading of something to buy at some later (unspecified) date. However, there are many reasons why college graduates should consider purchasing a life insurance policy. […]
You know what it's like to be a college-bound student – let's face it, not too long ago you were sitting in the same position as your teenager is now. But things have changed since your college heyday, from technology to the economy. For instance, according to CNN, the average college student carries about $27,000 in student loan debt these days and, according to the Better Business Bureau, the average American adult carries $10,000 in credit card debt. […]
Here are the best articles from around the web this week talking about student loans… For the week ending Friday June 7, 2013 Student Loan News: 1. How Student Loans are Suffocating the Middle Class: Most economists agree that a thriving middle class is key to a flourishing economy and while there have been steady economic improvements over the last year that hint at a sustainable recovery, one critical barrier remains: massive student loans. In fact, student loan debt is counter-intuitive to economic growth via the middle class, says Mark Kantrowitz, founder of FinAid.org. “If you are spending money on loans, you aren't spending as much cash on homes, cars, clothes or food.” And that’s bad news for the economy since consumer spending makes up three-quarter of gross domestic product. Learn more: http://www.foxbusiness.com/personal-finance/2013/06/04/college-loans-hurting-middle-class/ […]
The United States Armed Forces offer a variety of benefits to military personnel, veterans and their dependents as they face the challenge of financing an education. Depending on your circumstances, you may be eligible for the following: Military Tuition Assistance This is not a loan, but the money that is to be considered earned as base pay. The Army, Navy, Marines, Air Force and Coast Guard each have their own unique set of service requirements. Congress has given each service the right to pay up to 100 percent of tuition expenses for selected students enrolled in off-duty hours classes. […]