Student loan debt in the United States is a growing problem. The Federal Reserve estimates that in the second quarter of 2021, Americans owed a startling $1.73 trillion in student loans. The two most common types of student loans are private and federal. Both types are meant to make higher education more accessible to people. …
Student loans are a major monthly financial commitment for many Americans. The average student loan debt in 2021 is $37,693, and the average monthly payment borrowers are making on student loans is $393. As the cost of higher education continues to rise, financial aid will continue to be a necessary tool for many people to pursue college attendance and middle-class …
The Easy Guide to Student Loan Forgiveness Programs and Options Read More »
As of this year, the average student loan debt is $37,113. This number comes from a combination of federal and private student loans. This puts the total student loan debt nationwide at just over $1.75 trillion. However, college is a vital part of any young adult’s journey since an increasing number of positions require a …
Here are the 16 Best Private Student Loans Right Now + a Bonus Read More »
Whether you’ve got federal loans or private loans, student loan consolidation is an option that borrowers may consider to get relief from their education loans. Student loan debt is the fastest-growing debt in the U.S. But while consolidating your loans makes sense for some, others may find they lose out on various assistance programs by …
Student Loan Consolidation: When Should You Consider It? Read More »
In 2020, America’s collective outstanding student loan balance reached $1.56 trillion. To put that into perspective, that’s roughly equivalent to the annual GDP of Mexico. And Sweden. Combined. Even when you divide it among the roughly forty-five million people holding these loans, that’s a lot to handle. So for many of those borrowers, student loan …
In 2021, the average person with student loans owed $37,113 and had to make monthly payments of $393. For plenty of borrowers, paying nearly $400 per month is a big burden and can add to their financial stress. If that’s you, don’t worry. You have options that simplify the process of paying back your student loan debt …
Struggling to Keep Up with Payments? Here are the Best Student Loan Refinancing Options Read More »
By the end of 2021, student loan debt hit an all-time high of $1.75 trillion, with more than 45 million borrowers owing more than $30,000 each. In 2021, college graduates who took out student loans borrowed an average of $37,113 — about $12,000 more than borrowers from the Class of 2010. While students may have …
Can You Go to Jail For Not Paying Student Loans? Read More »
Student loan debt in 2020 is now $1.56 trillion in the United States, with borrowers on average owing $37,172 in debt. Graduates of the most recent class of students leave college with $29,200 in student loans. Student loan debt is the second largest class of consumer debt, behind mortgage debt. For millions of Americans, higher …
