The Summer NewsroomNovember 15, 2018
How Summer Saved a Tufts Grad $68K in Student Loan Debt
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|Jamie, a recent Tufts graduate, wanted to pursue a career where she could focus on improving agriculture and food systems. Unfortunately, the specialized education required for that career came with a hefty price tag: $109,227.65 in student debt. Jamie developed...
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The Alienating, Frustrating Debt Burden of LGBTQ+ Youth
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|“Alienating,” says Susan. She’s been asked to summarize her experience living with student loan debt as a young, queer woman. She hesitates, and then adds, “And frustrating.” Life with student loan debt is especially alienating for Susan because she’s an...
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Which Plans Are Best for Borrowers with Direct and FFEL Loans?
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|Income-driven repayment (IDR) plans are government programs available to federal student loan borrowers that allow borrowers to tie their monthly student loan payments directly to their income. In other words, the lower your income, the lower your monthly payments (possibly...
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The Real Cost of Defaulting on Your Student Loans |
|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...
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Recent 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...
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Public 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...
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Income-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 |
|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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