Legal Articles, Other
Millennial Homebuyers Restricted by Student Loan Debt
Delinquencies and defaults on student loans have risen past 11 percent, even with the availability of alternative repayment programs.
Cumulative Student Loan Debt Reaches $1.53 Trillion
Defaults on student loans can have severe repercussions for borrowers of any age. Private servicers may sue upon default, while the federal government may garnish wages or intercept tax refunds.
Student Loan Debt Crisis Spans All Ages
Recent studies show that while younger generations and millennials are having a difficult time with the burden of student loans, so are other age groups like Gen X’ers and Baby Boomers. The student loan crisis is even making an impact on retirement plans.
Student Loan Crisis: No Hope in Sight
With interest rates jumping, student loan borrowers are often stretched too thin, both mentally and financially. This is resulting in financial constraints that affect the economy at large, as they are unable to spend on large items like homes and cars.
Student Loan Servicers in Trouble: Navient May Experience Greater Leniency Than Expected
Sued by both the Justice Department and more recently the Consumer Financial Protection Bureau (CFPB), Navient administrators have said that they will fight back against these lawsuits.
$890 Billion of Student Loan Debt Belongs to the Women
It has been clear for some time now that more women are attending college than men, so it makes sense that they would be contributing more to tuition costs; however, recent studies point out that student loan debt is becoming a women’s issue.
The Reality of Student Loan Debt in the US is Scary
As over 44 million borrowers continue to pay off their portions of the $1.5 trillion student loan debt that is looming over the US economy, many are stressed, limited by serious financial constraint, and headed into delinquencies or outright default.
Graduate Schools Churn Out the Student Loan Debtors
Even with careers that may get off the ground quickly, high monthly balances due to student loan debt servicers can be crippling.
Looking for Student Loan Forgiveness? Check Out These Programs
There are a host of different programs available via the government if you are having trouble making payments on your student loans, and many of them are overlooked by borrowers.
Considering Grad School? The Payoff May Be All About Student Loan Debts
Graduate students represent a small number of student loan borrowers, but the amounts they borrow can be astronomical in comparison.
