Student loan

Should You Refinance Your Student Loans? Refinancing your student loans can save you thousands of dollars on interest payments. If you’re credit is good and you have a stable amount of income coming in, I think it makes perfect sense to consider refinancing your student loans for a lower rate. Let me explain why. For example, Joe is paying $465 per month on his student loans at a 7% interest rate. Joe owes a total of $40,000 and plans to pay his loans off within 10 years. With a 7% interest…

Student loans are some college students’ worst nightmare in today’s society. Most people do not understand what debt really is. “Debt is not just a check every month but colors the day-to-day experience of my life, whether I live in a smaller or larger apartment, whether I can buy a house, whether I can travel to Europe, whether I can eat out” (Williams; 156). The loans build up over time; slowly but surely they all turn into student loan debt. What are some perspectives on taking out student…

I loathe my student loan debt, but then again, no one likes their student loan debt! Some news broke this week that added a bit more understanding to some of the heartache I’ve experienced with my student loan provider. A major student loan company, Navient, is being sued by the Consumer Financial Protection Bureau. I am particularly interested in this (ok part of me is really excited to see them get theirs!) because Navient happens to be the only company I owe any debt to. Navient is…

future. Students borrowing loans that are not affordable to pay back, students decisions having to drop out of college because they are unable to afford the cost of living and college fees. When in high school many students do not get the opportunity to research the financial burden they might face when accepting to attend in state or out of state university. Students should speak to counselors or have classes that can teach the cost of living and cost of attending college (loans,…

pay thousands of dollars for a higher education. Students from all over the nation are forced to take out loans that put them into debt for most of their life. Low-income students also do not have many options nor are they able to afford higher education. The cost of education will keep on getting higher and higher as time progresses and the next President and Congress needs to focus on this problem for students who are in college and for the students who will be attending in the future. Both…

reported have worked in the previous year(1). It’s normal for an average high school student to want a job and make their own money. Working in high school can be very beneficial to the students especially if they want to go to college in the future. Students that are working in high school are preparing themselves for the real world. It helps them learn how to manage their money, reduces reliance on students loans, and also teaches them responsibility. Having a job and going to college can be…

have to take a loan out to help pay with my tuition, books, and transportation among other things. Although, my parents are willing to help me pay for as much as they can I still that it may be an option that I will have to eventually take. As of right now, the tuition for these 2 schools around the range of $20,000. I think that the loans that I could potentially take out will be worthwhile because it will result in me having a pretty good paying job that can help me pay the loan off.…

Many students invest in their future by making the decision to go to college, therefore, taking out student loans as a means to finance that decision. When contemplating the decision to borrow money, there is an overbearing responsibility to repay the loan. Interest rates are a significant component when taking out loans. The percentage rates of interest can vary depending on the diverse types of loans, including car and mortgage loans, being called into question. For student loans, this…

Student Loan Crisis One of the major requirements for succeeding in any career is to obtain a degree and have experience in the field of study. With the cost of college constantly increasing by 1,120 percent in the past 30 years, so many people seek financial assistance from the government such as loans. “Student loans have been accumulating since the late 1980’s drawing near an astounding 1.2 trillion dollars as of May 2013”( CFPB, Par. 1). For students the deals are appealing because it…

Is the Government Fixing the Student Loan Crisis? ; Who is on First, and What is on Second An author for the America Press wrote an article called “The Student Debt Crisis”. He argues that student loans are hurting the economy and causing college students to drop out because they can’t afford to payback student loans. The author states that “60 percent” of the Graduating class, college students use loans to pay for college (para. 2). Even worse, the students that struggle the most use the money…