Rohit Chopra, the Assistant Director for Students at the Consumer Financial Protection Bureau, is doing an AMA on student loans right now on Reddit. Ask him a question! Or lurk in the threads!
The Times debates: Choose the college with a more affordable sticker price, or pay top dollar for the one with a prestigious name?
It's time to check in on our debt payments and savings goals again.
It's the end of February 2013 and it's time to check in on how we're doing with our debt and savings.
Yesterday she introduced a piece of legislation (her first!) that would cut student loan interest rates to the rate banks pay to borrow money (when rates rise in July, students will pay nine times what banks pay). WARREN FOR EVERYTHING.
Penn State's literacy program says: "The real problem is not the rising cost of education, it is in the lack of financial planning and lack of financial literacy skills of making sound financial decisions." Um, really?
I'm getting a Ph.D. but I kind of wish I wasn't. But I am.
If I ultimately have to either stop paying my loans (which are in deferment while I'm a student) or go back to paying just the minimums on my cards, what's the better choice? The dollar amount I would save monthly is the same.
Broke Person: So, I'm 25, I live in the Midwest, I work and live at a camp/environmental learning center, and I earn just shy of $15,000 a year. It's pretty seasonal work, so I earn most of that between late April and early November.
I think it's underreported how incredibly nice the customer service agents at Sallie Mae can be about you not paying back your loan.