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IMPORTANT: Bing News RSS feed has moved!Educational debt has received a lot of national attention lately ... and those taken out by a parent to pay for the costs of an undergraduate student); and FFEL Consolidation Loans. One note of caution: Parent PLUS loans are not eligible for Income ... Read moreLobby Congress, Learn More About Student Loan ConsolidationStudent loan debt can almost never be discharged in a bankruptcy ... The cost, though, might be a more expensive loan for the student. In a consolidation, the borrower gets a new interest rate, and if his credit score is lower than his parents ... Read moreThings Student Loan Companies Won't SayLoan consolidation is an option for borrowers who are no longer in school and have private student loan debt, borrowers who have private student loans through different lenders and are making a separate payment on each, or borrowers who have just one ... Read moreWells Fargo Reduces Fixed Rates to Help Students Better Manage Paying for SchoolDebt is a major issue for U.S. consumers, since the average credit user holds more than five credit cards each with an average balance of more than $1,000, not to mention mortgages, car loans, student ... showed that debt consolidation—where ... Read moreNew research debunks popular method of paying off debtUnder the current rules, student-loan repayments can be capped at 15 percent of the ... Borrowers who take advantage of debt consolidation may be eligible to have their interest rates lowered by 0.5 percent. The White House estimates that approximately ... Read morePresident Announces Program to Help People With Student-Loan Debtand debt settlement versus debt consolidation. Which type of debt have you found to be the most common and why? On our campus, the two main types of debt we are seeing are credit card debt and student loan debt. Credit card debt is still an ... Read moreManaging Debt is Like DietingDirect PLUS loans (for parents and graduate and professional degree students): 7.9 percent; • Direct consolidation loans: the fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the ... Read moreHere's a Brief Primer on Fixed-Rate Private Student LoansLenders now face very little risk on the money they lend, have unprecedented powers for collection, intractable consolidation rates and bankruptcy protections that make it easier in a sense to be a deadbeat parent than to lose student loan debt. Read moreCollege debt crippling to young earners(For more on student loans, read Student Loan Debt: Is Consolidation The Answer?) Debt an Increasing Concern There was a time when retirement meant easing into a comfortable old age on the back of a hard working career and well-earned savings. Read moreFor additional information, please see:
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