What Can You Do When Your Student Loan Provider Hikes Up Your Monthly Payments?

My student loan provider raised my monthly student loan payment from $774.12 a month to $1,212.41 a month and it’s inhumane.

The Realities of the Student-Debt Crisis

How have things gotten so bad?

Living With Student Debt

My morning post yesterday about what our student debt loads are preventing us from doing may have been a depressing way to start the day, so I wanted to start today by talking a little bit about what my student loans haven’t prevented me from doing.

Beating a Student Loan Lender at Their Own Game

It’s rare to hear stories about college students taking out private student loans from a lender like Sallie Mae and then beating them in court after being hounded and sued for money after defaulting on the loans. I was able to lock-in low interest rates on the private student loans I took out, but Stefanie Gray wasn’t able to get a cosigner on her loans (both her parents passed away when she was younger) and was given “credit card-like interest rates.” That was the beginning of Gray’s troubles, but this story has a happy ending.

Job of the Day: Debt Collector

Jake Halpern at the Times spent the day at a debt collection agency, even going so far as to jump on the phone — at the agency’s insistence — and hound people with outstanding debts.

The Vote That Could Cut Your Student Loan Bills

Student loan debt is exploding. It has grown so much and so fast that it not only crushes millions of young people, but it also has started to weigh down our entire economy. Total nationwide student debt now stands at $1.2 trillion, more than the total credit card debt owed by everyone in America.

How It Feels to Pay Off $70,000 in Debt

By the time I finished my master’s degree in 2011, that “nonissue” undergrad loan had grown to $20,000, and I had $50,000 of brand-new debt to pile on top of it. This felt like a real, burdensome amount of money that I owed now. My first bill informed me that I was saddled with minimum monthly payments of roughly $700 for the next 10 years, with an astoundingly high portion going to interest.

Quarter Mil in Loans, But 10 Years to Forgiveness

A $124,421 Student Debt Story

There are a lot of student loan stories out there, but what I particularly liked about Matlin’s story was how thoughtful he and his parents were about the debt. This isn’t a “I didn’t realize I would be graduating with a six-figure debt burden” story—Matlin and his parents made the calculations when he was a senior in high school, and Matlin considered going to a state school to save money before ultimately choosing Tufts as an early decision student.

One Year After I Faced My Student Loan Default

Last year I wrote a piece about how I finally faced the fact that my defaulted student loans weren’t going anywhere, and the surprisingly simple process I embarked upon to rehabilitate them. Now, 13 months after I made the first steps towards remedying my financial situation—mustering the courage to face my creditors, actually picking up the phone and asking for help, committing to slowly paying my debt back despite a not so lucrative salary—I am proud to say that my student loans have been successfully rehabilitated and I am no longer in default. I may be one of the only people in America to be thrilled that I owe Sallie Mae a large chunk of my hard earned cash. It’s amazing how perceptions can change when you finally owe semi-shady student loan overlords a boatload of money rather than completely ruthless and unrelenting run-of-the-mill debt collectors. It’s the little things that make me proud of how far I’ve come.

President Obama to Students: Be Smart, Not Cynical

How I Paid Off Nearly $80,000 in Student Debt in Less Than Five Years

Last weekend, my classmates from Colgate University celebrated our five-year reunion. I am on the other side of the world, in Hong Kong, so I couldn’t join the festivities. Although I was sorry to miss the reunion, I am not sorry to be here. I borrowed nearly $80,000 to join the Colgate Class of 2009. Because I moved to Hong Kong, I am now completely debt-free.

The People Who Can’t Pay Their Student Loans 10 Years After Graduating

If you were to guess what the most popular piece on The Billfold is, what would you say? The story that readers from all over are looking up and reading on a daily basis isn’t about how compounds interest works or the difference between traditional and Roth IRAs—it’s this piece by Anna Moreno, about when she defaulted on her student loans and what she did to get back on track.

Cap & Gown Fashion Inspo For All You 2014 Grads

Any Billfolders graduating college come May? Grad school? Commencement-themed porno to participate in? DO THIS. I will be your best friend. Or post a photo of it. SFW only.

An Accident Paid Off My MFA Debt

Just over a month before I entered the graduate writing program at The New School I was struck by a car as I stepped into a crosswalk on the Upper West Side of Manhattan. Along with minor abrasions, my left ear was mangled beyond repair, and as I faced a handful of surgeries in the months and years ahead, I worried how these might affect my expensive education.  I would plan each surgery around a break from school so that I could miss the least number of classes possible. At the time this was how I connected grad school to my accident, along with the knowledge that I would have to get the hell over it; I had an M.F.A. dream to fulfill.