student loans

Some student loan borrowers who had a parent or grandparent co-sign the note are finding that they must immediately pay the loan in full if the relative dies. The Consumer Financial Protection Bureau says lenders have clauses in their contract that explain this could happen, but many borrowers are not aware of them. The agency's ombudsman, Rohit Chopra, said complaints related to this issue are growing more common because the practice is catching so many consumers by surprise.

The millennials may be the first generation in American history to be worse off than their parents. Despite ever-growing improvements in technology and worker productivity, increasing numbers of college graduates in their 20's and 30's are returning home to live with mom and dad. They are drowning in a sea of red ink. The problem, of course, is college affordability. However, there is something that Congress can do to alleviate some of the pain.

I believe the moment will come, perhaps very soon, when we as a society will ask ourselves: How can we deny a higher education to any young person in this country just because she or he can’t afford it?

Those who graduated from college in the class of 2012 are sitting on a whopping average of $29,400 in student debt, according to a new report released today from The Institute for College Access and Success’s Project on Student Debt.

There is over $1 trillion in student loans on the books. Rolling Stone's Matt Taibbi explains the problem with the new student loan bill in Congress, why student loans lead to indentured servitude, how we could make college more affordable, why the student loan crises is like the housing crises and how student loans are crushing young people and the middle class.

President Barack Obama on Thursday will unveil a sweeping new plan for rating colleges based in part on affordability, with the goal of eventually linking those ratings to federal financial aid awards.

Students heading back to college this fall will save thousands in interest charges on their loans after they graduate once President Barack Obama signs into law a rare bipartisan compromise.

The bill would cap undergraduate rates at 8.25 percent and graduate rates at 9.25 percent. but with students already struggling to pay off their loans at 3.4 percent. how can this new rate possibly work for them?

Last week, student loan rates doubled as Congress failed to come to an agreement to prevent rates from going up. Rates will now jump to around 6.8 percent. This comes on top of already rapidly rising tuition rates, now up to an average of $18,497 — $22,092 for students at four-year colleges.

Interest rates on student loans doubled today — from 3.4 percent to 6.8 percent. The change impacts over 7 million students who are already struggling to repay loans as they begin their careers. It can add more than $20,000 over 10 years on federal Stafford loans.