By Jim Donovan: Sallie Mae has announced that its introducing a transitional loan repayment plan so that graduates will have more budget flexibility while job hunting. The Graduated Repayment Period will allow new college graduates […]
While the economy continues to sag, tuition costs continue to skyrocket, so an increasing number of students and parents are implementing cost-cutting strategies in order to keep up.
The debt burden is causing many young college graduates, and even students, to return to the nest.
“More and more students are taking on more and more debt, leaving themselves very vulnerable, especially today when we know unemployment is still a problem for young people,” says one expert.
The college cost crunch is cutting across all economic lines.
By Jim Donovan: Sallie Mae is bringing back an option that lets students wait until after graduation to start repaying loans. The private student lender, formally known as SLM Corp., had done away with its […]