College grads face mounting student loan debt
ALBANY - Just as thousands of college students across
the Capital Region head back to campus, the federal government has
released data that shows student loan debt has now topped $1 trillion
dollars. Jennifer Lewke spoke with some local students about
how they handle their bills and how long they expect to be paying back
their debt.
From: CBS6 Albany
Related topics : debt student loan / federal student loan
Public Service Loan Forgiveness Program for Federal Student Loans
http://bit.ly/ZsYDrh PSLF is a program created to encourage people to enter and continue to work full-time in public service jobs. If you qualify for an income based repayment program (IBR or ICR) that allows you to extend your loan payment term past ten (10) years, it allows you to make 120 monthly payments on your loans and then discharge any unpaid balance! Find out more!
From: Richardson Law Offices
Related topics : student loan forgiveness public service / federal student loan
Public Service Loan Forgiveness Program for Federal Student Loans
http://bit.ly/ZsYDrh PSLF is a program created by Congress in 2007 in order to encourage people to enter and continue to work full-time in public service jobs. If you qualify for an income based repayment program (IBR or ICR) that allows you to extend your loan payment term past ten (10) years, it allows you to make 120 monthly payments on your loans and then discharge any unpaid balance!
From: Steve Richardson
Related topics : student loan forgiveness public service / federal student loan
Daily Data Dive – Student Loan Forgiveness
The U.S. federal government is on track to provide $108 billion or more in debt forgiveness for student loans during the next few years.
The move was driven by an increase in enrollment in income-driven repayment plans reducing the amount borrowers have to pay back each month based on income. After 10 to 20 years, the remaining debt is forgiven. Here are the numbers: http://www.pymnts.com/news/2016/pymnts-daily-data-dive-student-loan-forgiveness/
From: PYMNTS Media
Related topics : student loan forgiveness after 10 years / debt loan forgiveness / federal student loan
Student Loan Refinancing 101 (Financing Your Education 4/4)
In this video, you'll learn everything you need to know about refinancing and/or consolidating your federal and private student loans! We cover the pros and cons of refinancing, how one actually goes about refinancing, and much more!
Student loan refinancing recommendations: https://www.moneycoach.io/recommendations/studentloans
Previous video: https://www.moneycoach.io/videos/education/3
More of a text based learner? See the transcript or notes here: http://bit.ly/2eQCamR
Please leave...
From: MoneyCoach
Related topics : private student consolidation loan / federal student loan / student loan education
Senior Citizens feeling sting of student loan debt
A new report from the Federal Reserve Bank of New York shows that the growing burden of student loan debt is creating problems for an unexpected group—senior citizens.
From: therhodeshow
Related topics : federal loan bank of new york / debt student loan
Student Loan Refinancing Can Help Borrowers
http://demos.org
As student debt continues to make up a larger financial obligation for American households, it is imperative that we provide student debtors with as many mechanisms as possible to pay back their loans as quickly as possible. One way to do so is to provide borrowers with an opportunity to refinance federal and private student loans down to current interest rates, thereby lowering their monthly payment and saving potentially thousands over the life of their loan.
From: Demos
Related topics : student private loan / federal student loan
Federal Student Loan Interest: How it's calculated and how to pay less!
People always have questions about student loan interest. Today I talk about how to calculate interest. It is a simple formula where you take the interest rate (as a decimal) and multiple it by the principal and divide by 365 (since it's daily). So if you have a balance of $5,000 and an interest rate of 5.6 just take $5,000 (.056) and then divided that answer by 365 for daily interest. Do individually for each loan and add together for total interest on all federal loans. Whenever you make...
From: Christianna Hullihen
Related topics : interest student loan calculator / interest rates loan
Student Loan Debt and Buying a House
Crushing student loan debt is making it harder for some Americans to buy a house. With the cost of a college education growing much faster than average salaries and inflation rates, it's no wonder families are struggling to participate in the housing market as early as they'd like. Student loan debt is usually considered a good investment in the future -- but new data confirms it's one that can come at the expense of other important goals.
A study by the Federal Reserve Bank of New York shows...
From: ExpertRealEstateTips
Related topics : mortgage student loan debt / federal loan bank of new york
US Student Loan Center - How To Request a Temporary Forbearance with FEDLOAN Servicing - USSLC
USSLC Senior Case Manager, Jason Blinkey discusses how to request a temporary forbearance with FEDLOAN Servicing.
US Student Loan Center wants to help our clients achieve the lowest monthly payment possible under the US Department of Education's federal guidelines. Working closely with thousands of clients, US Student Loan Center offers easy, quick and affordable solutions to any of the most common or most complex issues associated with the repayment and/or consolidation of your student...
From: US Student Loan Center
Related topics : student loan servicing / consolidation student loan / federal student loan