By Lorraine Roberte The rate of student loan defaults has reached mind-boggling proportions. Each year more than 1 million borrowers enter into default, and nearly 40 percent of all student loan holders are expected to do the same by 2023. And it's not even those with...
Nearly 70 percent of all college graduates leave school with student loan debt. In fact, graduates from 10 years ago who are now established in their careers may still have significant student loan debt. The average borrower leaves school with more than $30,000 in outstanding...
By Lorraine Roberte There are big changes on the horizon when it comes to federal student loan repayment. The Department of Education is in the process of implementing a new online portal this year in the hopes of creating an easier and more transparent repayment experience....
By Lorraine Roberte Numbering 83.1 million, Millennials represent more than a quarter of America’s population and exceed Baby Boomers by more than eight million, according to a U.S. Census. They’re known for being confident, pursuing their passions, seeking flexibility on the job, and prioritizing a life-work...
By Lorraine Roberte America is a nation in crisis when it comes to college graduation rates. Of all the fresh-faced youth who go to college with dreams and promises of an ROI for their education, only 59 percent cross the finish line. Some other reports estimate...
By Lorraine Roberte According to a report by U.S. Bank, less than half of Americans use a budget. Given the benefits of budgeting, like achieving your ambitions and affording what matters most to you, it’s worth a try to find an approach that resonates with you. Below...
By Roxanna Coldiron Student loan debt is reaching record levels. Those of us who graduated from college with student loans certainly feel the heat. In addition to loans, we also have other forms of debt, like credit cards, mortgages, and car payments. The cost of living...
By Lorraine Roberte You’ve gleefully watched your student loan balance dwindle over the years. Finally, you’re ready to make that glorious final payment. But paying off the bill isn’t as simple as sending in your regular payment. Read on to learn what you need to know...
By Lorraine Roberte The below references an opinion and is for informational and educational purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. The very wise Jedi Master Obi-Wan Kenobi once said, “Many of the truths we cling...
By Lorraine Roberte The average Millennial has over $33,000 in outstanding student loan debt. It can be challenging to keep up with high student loan payments and other bills while juggling building a life. Forbearance and deferment are one of the many repayment assistance options available...