The Letter That’s Helping One College’s Students Understand Their Student Loan Debt

Students

The Letter That’s Helping One College’s Students Understand Their Student Loan Debt

The Letter That’s Helping One College’s Students Understand Their Student Loan Debt

Indiana University is changing the way its students are borrowing to pay for their education. Back in 2012, the school began sending letters to students, estimating their total student loan debt and future monthly payments. Since then, the university says borrowing by undergraduates has dropped by 18%. “We want students at every year to understand the debt... Read More

This Expensive Private College Turned Student Loan Debt Relief Into a Lottery & People Flipped Out

Students

This Expensive Private College Turned Student Loan Debt Relief Into a Lottery & People Flipped Out

This Expensive Private College Turned Student Loan Debt Relief Into a Lottery & People Flipped Out

Recent college graduates are facing the possibilities of what comes next — new job, more school, and, of course, student loans. While repaying those loans might be daunting, one Boston school decided to offer its former students a chance for some help, in exchange for donations. Northeastern University reportedly sent out a text to a select group... Read More

FTC Cracks Down on Student Loan Debt Relief Schemes

Students

FTC Cracks Down on Student Loan Debt Relief Schemes

FTC Cracks Down on Student Loan Debt Relief Schemes

Some student loan borrowers having trouble repaying their loans are getting desperate, causing them to look for help in the wrong places. Federal regulators announced another crackdown this week on firms that charge illegal up-front fees, and ongoing monthly fees, selling debt relief services to these borrowers that are generally available for free. Three cases announced... Read More

Parents Increasingly Expect Kids to Pay for College

Students

Parents Increasingly Expect Kids to Pay for College

Parents Increasingly Expect Kids to Pay for College

With college tuitions skyrocketing, it’s no surprise parents are worried whether they have enough to cover the cost. According to the fifth annual survey from Discover Student Loans, nearly half (48%) of 1,000 adults surveyed with kids aged 16 to 18 expect their child to pay for most or all their education, up from 39% in 2012. “While... Read More

Do Student Loan Servicers Expect to Be Sued?

Students

Do Student Loan Servicers Expect to Be Sued?

Do Student Loan Servicers Expect to Be Sued?

“Maybe it’s because those who know won’t and those who don’t can’t.” Such was my response to a colleague who, after reading a recent article in the Huffington Post on yet another legal action taken against a student loan servicing company for alleged unfair and abusive practices, asked why there’s little, if any, talk about... Read More

40% of Newlyweds Didn’t Know Their Spouse’s Credit Score Before Getting Married

Credit Score

40% of Newlyweds Didn’t Know Their Spouse’s Credit Score Before Getting Married

40% of Newlyweds Didn’t Know Their Spouse’s Credit Score Before Getting Married

You’d think most couples preparing to tie the knot would sit down and discuss their finances. But a new Experian study reveals that isn’t the case at all. In fact, some people (25% of survey participants) don’t even know their spouse’s annual income before getting married. And 40% didn’t know their spouse’s credit score ahead of time. Some other... Read More

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