Monthly Archives: May 2013

The unpaid student loans epidemic has now surpassed the $1 trillion marker. Based on that number only, home mortgages carry more consumer debt in the United States. In a new report from the Department of Education, the agency claims that … Continue reading →

The rate on subsidized Stafford loans — the federally sponsored loans available to students with need — jumps from 3.4% to 6.8% on July 1, barring a last-minute (and unlikely) save from Congress. Despite the headlines, there’s no reason to … Continue reading →

U.S. Education Department’s project net income to a record $51 billion, directly related to huge student debt levels at large interest rates. " The Huffington Post reported that the $1.1 trillion in outstanding student-loan debt had generated about $120 billion … Continue reading →

By Stacy Teicher Khadaroo | Christian Science Monitor The interest rates set for student loans expire July 1 – one year after Congress took action. Now, there’s a growing desire to come up with a longer-term plan. It’s déjà vu … Continue reading →

From Investors Business Daily, Jason Ma View Enlarged Image Young student loan borrowers have reduced other debt, but their student loan repayment rates have suffered. Jason Ma reports school-loan balance for 25-year-old borrowers jumped 55% from 2005 to 2012, their … Continue reading →

Lett’s say you borrow $5,500 in subsidized federal loans , and have a ten year repayment plan. So your monthly payment will be about nine dollars more with a 6.8% interest rate. That’s roughly $1,000 more in the total amount … Continue reading →

​Here is an interesting article by Washington Post on May 5 by their editorial board regarding an improved approach to student loans.​ STUDENT LOAN interest rates are going to increase by 100% in July. And,that may be a good thing. … Continue reading →