Will Going Back to School Solve Your Money Problems?

Students

Will Going Back to School Solve Your Money Problems?

Will Going Back to School Solve Your Money Problems?

Returning to school is a big decision that often comes with a big price tag. Before you start school again, whether you are completing an undergraduate degree or going for graduate work, it’s a good idea to evaluate how you can best prepare to get the most out of it. 1. Consider the Investment For… Read More

An Indefensible Defense of Student Loans

Students

An Indefensible Defense of Student Loans

An Indefensible Defense of Student Loans

James Runcie, the Federal Student Aid office’s chief operating officer, appeared before the U.S. Senate’s Education Committee where he was grilled on the manner in which the FSA is monitoring the performances of the Department of Education’s subcontracted student-loan servicers. Two interesting points caught my attention. The first pertains to the key metrics the department uses… Read More

The Student Loan Disrupter That Just Raised $80M

Students

The Student Loan Disrupter That Just Raised $80M

The Student Loan Disrupter That Just Raised $80M

Peer-to-peer lender Social Finance (SoFi) secured $80 million in funding from Discovery Capital Management, entrepreneur Peter Thiel and Wicklow Capital, the company announced today, which will be dedicated to expanding its student loan refinancing program and offering other loan products. SoFi CEO Mike Cagney said peer-to-peer mortgages are next on the priority list. “That money is… Read More

What Was the First Student Loan?

Students

What Was the First Student Loan?

What Was the First Student Loan?

I don’t know about you, but I have a love-hate relationship with Facebook — it’s helpful but also really annoying, and even though it enables me to discover new things, it’s a major drain on my resources. I feel the same way about my student loans. Fun fact: Both started at Harvard University. I guess… Read More

A Small Student Lender Trying to Change the Game

Students

A Small Student Lender Trying to Change the Game

A Small Student Lender Trying to Change the Game

There’s not a lot of love out there for the student loan industry. Sure, they help millions of students who couldn’t otherwise afford it get a college degree, but you’ve no doubt heard a horror story about someone struggling with crippling student loan debt. Some have even called the $1.2 trillion of outstanding education debt… Read More

Why the Student Loan Problem Is Even Worse Than You Think

Students

Why the Student Loan Problem Is Even Worse Than You Think

Why the Student Loan Problem Is Even Worse Than You Think

The Federal Reserve Bank of New York published its latest Quarterly Report on Household Debt and Credit recently, and, as usual, the real story about student loans is buried in its back pages. The report highlights the fact that loan-payment delinquency rates continue to improve (i.e. decline). On average, a little over 7% of all outstanding… Read More

The Hidden Costs of College

Students

The Hidden Costs of College

The Hidden Costs of College

When saving money for a child’s college education, tuition isn’t the only concern. A recent survey by the College Board found on-campus room and board accounts for more than 50% of the total cost at in-state schools. That cost can range on average from $7,500 to $9,500 per year. While financial aid is available to… Read More

Watch Out for the Newest College Scholarship Scams

Students

Watch Out for the Newest College Scholarship Scams

Watch Out for the Newest College Scholarship Scams

As if students don’t have enough concerns about paying for college, here’s another one: scholarship scams. A recent alert from Fraud.org outlined the red flags students and their families should look out for when searching for scholarship money, focusing on what you should (and should not) expect from scholarship-matching services. Don’t Be Fooled The good… Read More

Will a Ratings System Fix the College Cost Problem?

Students

Will a Ratings System Fix the College Cost Problem?

Will a Ratings System Fix the College Cost Problem?

The 2014 higher education financial freak-out is underway. Earlier this month, the Obama administration released several hundred pages of comments from schools, advocacy groups and other interested parties with regard to a rating system that, when implemented, would hold colleges in the U.S. accountable for their performance—or lack thereof. Certainly, consumer-learners (and their parents) are… Read More

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