State lawmakers want to offer student loans with 1% interest rates — but first they have to make sure their idea pencils out. Why it matters: As of 2017, at least 800,000 residents had student loan debt, a 35% increase from a decade earlier, according to the state attorney general’s […]
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NJ college graduate pays off $70K in student loans by starting used book business
NEWYou can now listen to Fox News articles! While President Biden has floated the idea of canceling “some” student loan debt — an idea both GOP and Democrat lawmakers alike are alarmed by, saying it would cost the government too much money and add to inflation — some college graduates […]
Private student loan rates tumble
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How Student Loan Debt Impacts Entrepreneurship, According To Business Leaders
The effects of student loan debt on young adults are often reported in terms of delayed traditional “life milestones”–for example, achieving financial independence, purchasing a home, getting married or starting a family. Less commonly reported, however, is the impact student loan debt has on entrepreneurship. Starting and growing a business […]
Student loan companies ‘abusing the bankruptcy system’ will face consequences: CFPB letter
Student loan companies will face consequences if they mislead borrowers and collect on private debt that has been discharged by a bankruptcy court, according to a letter sent by the country’s top consumer watchdog to Senator Dick Durbin (D-IL) that was obtained by Yahoo Finance. “I am deeply concerned that […]
Navient Student Loans Have Moved to Aidvantage. But When Are Payments Due?
BrianAJackson/Getty Images Federal student loan repayments have remained paused for nearly two years, since the start of the pandemic. During this time, Navient, formerly one of the largest student loan servicing companies in the US, transferred its caseload of 5.6 million student loans to Maximus, a global administrator of government programs. Maximus is […]