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Tempura/Getty Images Graduate school: It’s one of the biggest investments of your life. Not only does it extend your academic career, but it has the ability to make your student loan debt burden skyrocket. If you go to graduate school, chances are you’re going to need help...
MoMo Productions/Getty Images For some young Americans, the idea of taking on debt after paying off student loans is unbearable. In a country where total student loan debt is in the trillions, the payoff is sweet. But even after the final bill is paid, incurring debt again...
Portland Press Herald/Getty Images The partial government shutdown is now the longest in history. For hundreds of thousands of furloughed federal workers, it’s unclear of when they might receive their next paycheck. As personal bank accounts begin to dwindle, some workers have started filing for unemployment benefits to...
Christopher Furlong/Getty Images Americans don’t do enough homework about college costs and how to cover them. The result is $1.4 trillion in student loan debt, the fastest-growing type of household debt. It now accounts for about a third of non-housing-related debt. And there are many more grim statistics...
David Shopper/Getty Images In recent years, the issue of student loan debt has grown in scope from obscure to national. Student loan forgiveness and consolidation have likewise taken on a larger profile, particularly consolidation. Student loan consolidation is the process of taking multiple outstanding loans and reorganizing...
EQRoy/Shutterstock Trend sees some colleges replace student loans with more robust scholarship and grant funding The Ivy League’s Dartmouth College plans to join the list of schools that have eliminated federal student loans and replaced them with more funding for scholarships and grants. The school’s loan-free initiative...
Klaus Vedfelt/Getty Images In September 2018, the first round of applications for Public Service Loan Forgiveness (PSLF) were processed by the U.S. Department of Education. Of the 29,000 applications, about 99 percent were denied: only 96 borrowers were granted forgiveness. Signed into law in 2007, the program,...
The Washington Post/Getty Images Hundreds of thousands of students who attended now defunct for-profit school ITT Technical Institute, also known as ITT Tech, might finally have some of their student debt erased. On Wednesday, a federal bankruptcy court judge gave final approval of a $600 million settlement...
SAUL LOEB / Getty Images The Department of Education (DOE), complying with a federal judge’s ruling, announced a massive victory for students victimized by now-closed for-profit colleges: their loans will be canceled. Around 15,000 students will have an estimated $150 million in debt erased. The students granted forgiveness...
Aaron P. Bernstein / Stringer / Getty Images The futures of those saddled with student debt might soon become a little bit brighter. The Senate on Tuesday introduced legislation to allow employees to make contributions to their student loans while still contributing to their retirement accounts. The proposed...