Legal Articles, Education
Student Loan Delinquencies Rise Hand in Hand with Consumer Debt
The Federal Reserve Bank of New York reported in November 2018 that student loan delinquencies had risen 9.1%, compared to the 8.6% increase in the second quarter. This spike was noted as the largest jump in seven years.
Are Private Student Loans Your Best Bet?
Private student loans can be enticing for a few reasons, particularly if you have exhausted all the federal funding, grants, and scholarships available to you.
Private Student Loan Borrowers May Still Be in Their Teens
As student loan debt in the US reaches over $1.5 trillion, lenders continue to fund freshman who may find themselves in such debt once they graduate that they are forced to put off life experiences such as starting families, opening businesses, and more.
Private Loans Contribute to About $150 Billion in Student Debt Crisis
Without as many choices for repayment to fall back on, such as deferment, forbearance, or income-based plans, private student loan borrowers may fall into delinquency or default simply because they are helpless to move forward.
What Is The Age of Consent in Michigan?
Getting into trouble does not only end with the presence of consent when you have sexual intercourse. You must be sure the individual you are having sex with has attained the statutory age of consent.
Student Loan Debt Ten Years Ago Was $600 Billion
If you are having issues paying your student loan debt, review every option available to you before going into default. The repercussions are long-term and can lead to wage garnishing, federal interception of tax refunds, and other major problems.
Many Student Loan Borrowers Are Simply Too Young to Understand Financial Planning
While many young students and would-be borrowers are eager to get into school at any cost, they are too often left dealing with massive student loan debt that overwhelms them at a time they should be starting out with high hopes for the future.
Student Loan Defaults: Forty Percent By 2023
If you are currently having trouble paying your bills and other debts, consider every other avenue before throwing in the towel to a default. While walking away from student loans may seem tempting, such action can have long-term, negative consequences.
Student Loans Make Up 42 Percent of Consumer Debt
Student loan debt in the US, now over $1.5 trillion, only continues to grow. With the well-publicized crisis worsening, there seems to be little anyone can do to prevent the issue from escalating.
Is the Great Recession the Reason for Today’s Student Loan Crisis?
Delinquencies and defaults on student loans are not only damaging to credit; they can lead to collections lawsuits, interception of tax refunds, wage garnishments, and more.
