Student Loan Delinquency

Unfortunately, many college students are having a hard time repaying their student loans, which has created enormous student debt in the United States.  The following infographic highlights student loan debt and its delinquency. Continue Reading

Financial plan for students – How to fund education smartly

A student loan bag. Photo courtesy of Shutterstock.

Student debt is growing by leaps and bounds. This is breaking past all records previously held by other lines of credit. For the first time in the history of US, student debt surpassed credit card debt in 2010 and then it overtook auto loans in 2011. Finally, the Consumer Protection Bureau had to admit this March 2012 that student debt has swelled over $1 trillion mark. Therefore, students need to plan their finances to pay for their college fees since the debt relief programs provided by the government are very tough to qualify. Continue Reading

Ten Private Colleges with Lowest Student Graduating Debt

College students, it is no secret that furthering your education isn’t exactly cheap these days.  There are schools, though, that are looking to make the cost of learning a little easier.

Kiplinger.com found ten private colleges, including three Ivy League institutions that provided enough financial aid to get their students across the finish line for around $6,000—well below the national average of $28,100.

Some of them include: Continue Reading

Survey Finds Large Majorities Concerned about Student Debt, Opposed to Cutting Pell Grants and Loan Subsidies

While they believe that higher education is more important today than it was for their parents’ generation, most U.S. adults age 18 to 34 also view college as harder to afford than just five years ago. They feel that people are leaving school with too much debt, and they oppose proposals to cut federal student aid, according to a survey released by three national policy organizations.  Lake Research Partners and Bellwether Research and Consulting conducted the bi-partisan national survey, which was commissioned by The Institute for College Access & Success (TICAS), Demos, and Young Invincibles. Among the survey’s key findings and themes:

Higher Education: More Important, Less Affordable, Too Much Debt
More than three in four (76%) young adults say that college has become harder to afford in the past five years, and nearly as many (73%) say that graduates have more student debt than they can manage.  When asked about the importance of college and other education and training after high school, about eight in 10 say it is more important than a generation ago. Whether or not they have a college degree or student debt, most young people share these views and concerns. Continue Reading