Monthly Archives: February 2013

I read this article in Deseret News out of SLC…. Student loan debt has already surpassed credit card debt and tipped the scales at more than $1 trillion, according to Consumer Finance Protection Bureau reports. Because of this, many people … Continue reading →

Private student loans easier for struggling borrowers to repay. The federal Consumer Financial Protection Bureau announced plans Thursday to find ways to increase flexibility in repayment plans offered to private student loan borrowers.

Basics: There are four income-based repayment plans that vary slightly. If you aren’t careful, repayment plans can wind up costing you more. If you’re looking forward to hearing, "Your loan’s forgiven!" it’s not that easy. For students drowning in debt, … Continue reading →

The overall student–loan default rate in Rhode Island was 11.2%, below the national rate of 13.4% but higher than anywhere else in New England, data published by the U.S. Department of Education shows.

Dr. Andrew Jennings, FICO’s chief analytics officer and head of FICO Labs, has grave concern about the student loan default rate: “This situation is simply unsustainable and we’re already suffering the consequences.