Blog Tagged: debt

A panel studying the crisis of student loan debt led by Ivanka Trump announced recently that it would recommend borrowing limits to help prevent students from drowning in debt upon graduation. Student loan debt has tripled since 2003 to about $1.5 trillion nationally. An average college graduate leaves school with $42,000 in debt, with payments…

Photo by Jon Elswick—AP via TIME Magazine At the rate she is going, Taylor Bauer thought she would literally never pay off her student loans. A former teacher in the Berkeley County School District who is now teaching in Mexico City, Bauer has been making income-based payments for five years. The federal student loan program offers…

  Photo by Rawpixel via Unsplash Just as new graduates are beginning to pay back their federal student loans, prospective undergrad and graduate students are eligible to fill out the financial aid paperwork for next academic year. The Free Application for Federal Student Aid (FAFSA) may be submitted as early as October 1 for the…

Photo by Steve Buissinne via Pixabay The greatest test of a student’s college career is upon us: it’s time for May 2018 graduates to begin repaying student loans. The average college graduate leaves school owing roughly $42,000, in payments of $350/month for ten years. The problem, say financial aid officers, is that many students are uninformed…