Students Borrow Twice as Much as They Did 20 Years Back

Students Borrow Twice as Much as They Did 20 Years Back

Recently, the US Department of Education announced that the national 3-year Cohort Default Rate (CDR) for federal student loans had dropped from 14.7 percent to 13.7 percent. This is good news no doubt, especially as it is the first improvement in the CDR ever since the subprime mortgage credit crisis began.

Image Courtesy of Flickr user Jason Baker

Image Courtesy of Flickr user Jason Baker

The Department of Education shares the…

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Student Loan Payments Hit a Retiring Generation of Americans

Student Loan Payments Hit a Retiring Generation of Americans

Student loans don’t just impact people in their 20s and 30s. There has been a new surge lately of retired and retiring Americans suffering from student loan debt.

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According to a reportfrom the U.S. Government Accountability Office, more than 700,000 families headed by someone 65 or older carry some level of student loan debt. From the year 2004 to the year 2010, the number of older Americans…

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Student Loans Could Cost the Housing Market $83 Billion This Year

Student Loans Could Cost the Housing Market $83 Billion This Year

According to a new report from John Burns Consulting, approximately 414,000 home sales will not happen this year because of student debt repayments. This comes out to around 8% of all home sales in America, curbing the housing market by $83 billion.

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Rick Palacios, director of research at John Burns Consulting, said, “If you’ve got a huge chunk of student debt, then you obviously can’t allocate…

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Black College Students Take out More Student Loans Than Whites

Black College Students Take out More Student Loans Than Whites

A new study from Gallup and Purdue University reveals that black students carry more student loan debt than their white counterparts. The survey assessed 29,560 college graduates across the United States from 2000 to 2014, and each one of the students had a bachelor’s degree or higher.

According to the study’s results, black college graduates are more likely to leave school with student loan…

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Today’s the day. The day you help save the internet from being ruined.

Ready? 

Yes, you are, and we’re ready to help you.

(Long story short: The FCC is about to make a critical decision as to whether or not internet service providers have to treat all traffic equally. If they choose wrong, then the internet where anyone can start a website for any reason at all, the internet that’s been so momentous, funny, weird, and surprising—that internet could cease to exist. Here’s your chance to preserve a beautiful thing.)

New Study Says Income Based Repayment and Loan Forgiveness Encourage Fraud

Two finance professors out of Appalachian State University, Jarrod Johnstone and Ivan Roten, took a look at Income Based Repayment (IBR) and…

No Gift Wrap Required – Use Tuition.io Gifting Feature to Help Friends, Family in Debt

Summer is ending and college is starting in the coming days and weeks. This means millions of new and returning…

Warren Still Pushing Refinance Bill With Obama’s Support

Warren Still Pushing Refinance Bill With Obama’s Support

Senator Elizabeth Warren has been a loud and vocal supporter of those suffering under the weight of student loans despite the fact that she’s having a hard time raising support from her fellow legislators. She’s offered up several pieces of legislationto help cash-strapped borrowers and all have been either ignored or voted down. But finally, one of her bills has been given a second chance thanks…

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Flashback Friday: 5 Ways to Go to College Tuition Free or Really Cheap!

Flashback Friday: 5 Ways to Go to College Tuition Free or Really Cheap!

Looking for cheap or tuition free college options?

Looking for cheap or tuition free college options?
Image source: Flickr CC user COD Newsroom

If you’re in college, thinking about going back to school to finish your degree or considering a new degree for a career change, borrowing to pay for your education may be a worry. With student loan debt increasing $2,850 every secondand default rates climbing, what if you could finish your education – or…

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