Student Loans

Student loans are like any other type of credit. They charge interest, but these interest rates are usually lesser than personal or credit card loans.

We scoured the globe, reviewed all the student loan refinance providers we could find, and then chose a select few to provide you with the very best. Here's our top list.

The Federal Reserve says the median student debt lies somewhere between $20,000 and $24,999—so the $100k is definitely not the norm. In any case, paying off $100,000 in student loans sounds agonizing.

In 2006, Congress slashed $12 billion in student lending funds in a desperate attempt to reduce the fiscal budget deficit. Recent studies have shown that student debt is getting out of control, and lawmakers on Capitol Hill have decided to take steps to help ease the burden for students with college loans.

Student loan forbearance is ending in August, and students are freaking out. Based on our recent survey, 50% of student loan borrowers don’t have enough money for their monthly payments.

It’s crazy to think that a subset of student loan borrowers has never faced a single bill, thanks to the continued pause on repayments since March 2020. But, as they say, all good things must come to an end—and so is the case with this temporary relief.

With the cost of education increasing in recent years, Americans have been amassing more and more student debt. In this overview of the latest student debt statistics, we’ll examine how many Americans are indebted and how much student debt they hold. We’ll explore their demographic characteristics, including gender, age, race, income, and residence. Finally, we’ll take a deeper dive into the current US student debt crisis and see what the government is doing to fight it.

Each September, high school seniors return to the classroom, while parents begin the process of applying for financial aid. For many of the wealthier families in America, applying for aid will be a waste of time. For those that are financially-challenged, the process can be quite rewarding.

The Canadian government has set up the National Student Loan Center (Centre) to ensure its students have access to all the information they need to apply for, and repay, their student loans. The center is conveniently housed in an online website that includes all of the tools, applications, and resources that Canadian students need to manage their loans.

Federal grants have not kept pace with the rising cost of college. Private student loans, along with federal programs such as Stafford and Perkins Loans, have helped to fill that void; playing an important role in funding a student's education.

When unemployment is high, students will have trouble finding jobs. Adding to this problem is the cost of a college education, and the enormous amount of debt students need to repay lenders. Unfortunately, the discharge of debt is extremely difficult for students under the current bankruptcy law.

One of the ways college graduates can ease their financial burden each month is by selecting the appropriate repayment option. This is especially true if the former student is struggling to find a job after graduation. In this article, we're going to be discussing the options available to former students responsible for repaying their loans. As part of that discussion, we'll first talk about repayment timelines and the counseling available before leaving school. Then we'll describe the variety of repayment options available for each loan type.

Student grants are an important source of college funding, and their best feature is they don't have to be repaid. We're not talking about grant programs to conduct research. In this article, we are focusing on programs that help college and university students pay for the cost of their education.

Students looking for help with rising college costs are often told by their school's financial aid department to apply for an ACS Student Loan. In this article, we'll take a closer look at the services this company has to offer students, universities, and financial institutions. Affiliated Computer Services, Inc., or ACS, specializes in business process outsourcing (BPO) and technology outsourcing solutions. According to a press release:

There are several circumstances that allow current, and former, students to qualify for loan deferment. These options will vary depending on the types of loans outstanding as well as the borrower's financial and workplace status. A deferment means no payments need to be made on a student loan during the approved deferment period; the payments can be delayed until a later date. In the case of Subsidized Stafford Loans, interest charges will not accrue during this period which means the size of the loan will not grow due to financing charges.

Direct student loans are one of the Federal Student Aid, or FSA, programs available through the Department of Education. Direct student loans provide students with a way to borrow money to pay for their costs of higher education.