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Month: September 2016

Cost to taxpayers on loan forgiveness could skyrocket

A program to encourage student-loan borrowers to go into public service may come with a hefty price tag. If you take out a federal student loan, you may qualify for public service loan forgiveness. (If you borrow...
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If you pay more than the amount due on your student loans, you might be in for a surprise

You’re throwing as much money as you can scrape together at your student loans, sending in a few extra dollars on top of the automatic withdrawals to pay down the debt a little faster. But a month...
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Can I Get a Mortgage With Student Loan Debt?

OK, so you’ve graduated college, gotten a decent job and would absolutely love to buy a house. You might even be crashing open houses in the neighborhoods on your buy list, binging on pretzels and chatting with...
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A teacher who paid off $40,000 of student loans in 18 months gave up 5 things

In August 2012, Bobby Hoyt decided to get serious about putting money toward his $40,000 student loan debt. Eighteen months later, the high-school band director was completely debt-free. In order to fast track his debt repayment plan,...
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For-profit Bridgepoint Education forced to forgive $24 million in private student loans

Thousands of students who took out private loans to attend Ashford University and the University of the Rockies, a pair of for-profit colleges run by Bridgepoint Education, will have their debt forgiven and payments refunded, the Consumer...
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Options For Displaced ITT Tech Students

While many college students are returning to campus, tens of thousands of ITT ITT +1.21% Educational Services students found out this month that their school is closing its doors. In a press release last week, the for-profit...
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Bridgepoint to refund $23.5 million to students

For-profit college chain Bridgepoint Education must refund and forgive $23.5 million in private loans made to students for misrepresenting the amount of their monthly installment payments. The federal Consumer Financial Protection Bureau said Monday that the San...
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What Does Donald Trump Say About Student Debt?

For many voters, one of the biggest concerns is how much money they have in their bank accounts. And for many millennial voters, that total is inextricably tied up with student debt. The issue of affordable education...
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Where Does Hillary Clinton Stand On Student Debt? Here’s What To Know

Young voters, without a doubt, have many issues that they care about. But for those living solely on Cup Noodles two weeks out of the year because their college loan payments make it difficult to stock up...
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Why You Should Pay Your Accumulated Student Loan Interest While In College

The majority of college students will take out student loans to finance their education, and the average student loan borrower will leave school with over $28,000 in debt. Millions of people take out unsubsidized federal loans or...
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