student loans

Home/Tag: student loans

Student Loan Debt Limiting Careers, Marriage, Home Buying and Retirement, Survey Reveals

By |2017-04-18T20:53:56-04:00June 10th, 2016|Categories: Press Room|Tags: , , , , , , , |

reposted from by: Terri Williams June 8, 2016   Many students pursue a college degree to obtain the necessary skills, education, and training needed to enjoy many of life’s pleasures, such as pursuing a dream job, getting engaged and married, and purchasing a home or new car. However, student loan debt has created a catch-22 [...]

Interest Rates Decrease Slightly on Federal Student Loans

By |2017-05-09T22:13:35-04:00August 13th, 2015|Categories: Personal Planning, Uncategorized|Tags: , |

The federal government pays the interest on subsidized Stafford Loans while the student is in school, during the six-month grace period after graduation, and during any loan deferment periods. With unsubsidized Stafford Loans, the student pays the interest during these periods. Eligibility for subsidized Stafford Loans is based on financial need, as determined by the federal [...]

Student Loan Delinquencies on the Rise

By |2017-05-09T22:13:26-04:00March 11th, 2015|Categories: Personal Planning, Uncategorized|Tags: , , , |

In its Q4 2014 Household Debt and Credit Report, the Federal Reserve Bank of New York noted that the student loan delinquency rate is worsening. You can read the full report here. According to the report, student loan debt increased by $31 billion from Q3 2014 to Q4 2014, with outstanding student loan balances now standing [...]

New Federal Student Loan Rates… Again

By |2013-08-21T16:37:58-04:00August 21st, 2013|Categories: Personal Planning, Uncategorized|Tags: , , , , , , |

On August 9, President Obama signed the Bipartisan Student Loan Certainty Act of 2013, which changes the formula for determining federal student loan interest rates. The law comes after months of partisan bickering, which culminated with the rate on subsidized Stafford Loans doubling to 6.8% on July 1. The new legislation replaces a prior system where [...]

Interest Rate Increases on Some Federal Student Loans

By |2017-05-09T22:12:31-04:00July 11th, 2013|Categories: Personal Planning, Uncategorized|Tags: , , , , , , , , , , , |

On July 1, the interest rate on new federal subsidized Stafford Loans for undergraduate students doubled--from 3.4% to 6.8%. This increase brings the interest rate on subsidized Stafford Loans in line with the rate on unsubsidized Stafford Loans, which was already at 6.8%. The rate change is only for new subsidized Stafford Loans taken out after [...]