The Summer NewsroomNovember 15, 2018
The Real Cost of Defaulting on Your Student Loans
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|Borrowers are struggling to pay back their student loans now more than ever before. Last year, one million people defaulted on their student loans, and it’s projected that 2 in 5 borrowers will default by 2023. There’s a lot of...
Continue ReadingRecent Graduates Guide |
|Loan Basics 101 Time to learn a few key ideas that’ll help you through the rest of the process. Let’s start at the beginning. What is a loan? Simple question, right? Not always. A loan is money you borrowed from...
Continue ReadingPublic Service Loan Forgiveness (PSLF) Guide |
|Overview Imagine all your debt were gone—totally off your back forever. Sounds good, right? Public Service Loan Forgiveness (PSLF) could get you there, but you'll need to meet a few requirements to make it happen. Let's go over the basics...
Continue ReadingIncome-Driven Repayment (IDR) Plan Guide |
|Overview An income-driven repayment (IDR) plan could help you cut your monthly payments, tying the amount you have to pay to the amount you earn, which can help you handle your debt your way. Let's go over some of the...
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Student Debt and Demographics: A Story of Disparate Impact
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|In the first episode of BET’s Boomerang, protagonist Bryson asks, “You know what black millennials want?” The deadpan reply: “Someone to pay their student loans.” This succinct punchline quickly spread on Twitter, dominating the discussion of Lena Waithe’s buzzed-about show....
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How Summer Saved a First-Year Nurse Over $250K in Student Debt |
|It’s hard enough filling long shifts at the medical clinic in rural Kentucky where Corry works as a nurse practitioner. But in two weeks’ time, it’s about to become even harder when the first student loan bill for Corry’s nursing...
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3 Strategies to Beat Student Debt Fatigue and Stay the Course |
|Debt fatigue, debt depression, debt anxiety—whatever you call it, the result is pretty much the same: an overwhelming sense of panic that you will never get a handle on how much you owe, much less experience the freedom that comes...
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The Department of Education Is Failing Borrowers, Independent Watchdog Reports |
|If you have struggled with a laundry list of unanswered questions or even been led astray during the loan repayment process, then you are certainly not alone. Last week, an independent government watchdog released a scathing new report claiming that...
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PSLF: An Unforgiving Forgiveness Program
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|Public Service Loan Forgiveness (PSLF) is at once the most generous government forgiveness program for student loan borrowers and yet also the most contentious. Created by Congress in 2007, the PSLF program promises the forgiveness of any remaining loan debt...
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