Yes, you can save money and avoid student loan debt by employing some of the classic strategies suggested by personal finance gurus. But you may not save as much as you think—and you could even wind up spending more.
Student loan debt
Schools Suing Graduates for Defaulting on Loans
With more graduates defaulting on educational loans, schools like Yale and the University of Pennsylvania are taking drastic measures to ensure repayment
Student Loan Debt Crisis: How’d We Get Here and What Happens Next?
The amount of student loan debt and the rate of delinquency have been climbing for years now. If it seems like every new statistic is worse than the last, that’s because it is. Credit bureau TransUnion says more than half of student loan accounts are in deferral status, and FICO Labs found that a rising number of those debtors aren’t …
Who Says Kids Are Spoiled? Parents Expect Pre-Teens to Start Saving for College
At 12 years old, most of us didn’t hold down regular jobs, except for maybe the odd baby-sitting or lawn-mowing gig. But one-fourth of parents today expect their kids to start socking away the contents of their piggy banks to …
Student Debt: Why Even the Affluent Struggle
Student debt is soaring in the households of the well-off. Will this be a turning point in the way we think about education and how much we are willing to pay for a degree?
College ‘Shopping Sheet’ Designed to Help Students Compare Financial Aid, Overall Costs
Aiming to make the cost of college a little more clear—and easily comparable—the Obama Administration released a new guide on Tuesday to help students understand how much they will have to pay, how much debt they may have to take on, and how likely it is that they will be able to repay the debt.
Subprime Private Student Loans: No Way Out
Although private loans make up a relatively small slice of the roughly $1 trillion in outstanding student debt, a new report from the Consumer Financial Protection Bureau in conjunction with the Department of Education shows that …
Financial Planning 101 For Older College Students
Back-to-school season is around the corner, and it’s not just for kids anymore. A growing number of older Americans are enrolling in college today, and their numbers are expected to increase further through the end of the decade. …
Struggling to Pay Your Student Loans? Move to These Towns
In an effort to boost dwindling populations, some towns have come up with an inventive idea: Move here, and we’ll help pay your student loans.
Why Have So Few Student-Loan Borrowers Taken Advantage of Income-Based Repayment?
A new plan to raise awareness about the Income-Based Repayment program is the latest step in the Obama Administration’s efforts to lessen the burden of student debt
Students Lose When Financial Aid Goes Onto Fee-Laden Debit Cards
Thought the student loan crisis was bad as it is? Now add hefty fees into that mix. Providers say students can avoid the fees that pile up when they elect to receive their financial aid on a debit card, but new research from a consumer advocacy group finds that these companies throw up roadblocks to keep the fee revenue rolling in, even …
Insult to Injury: Rise in People with Student Loan Debt—and No College Degree
It’s bad enough to graduate from college with a mountain of student loans in a world where the prospects of landing a good job are terrible. But at least grads have something that should help their careers in the short- and …
