Currently, more than 60 percent of all students take out loans, and the average college graduate has over $24,000 in debt upon graduation.
Higher education has only gotten more expensive and it’s natural for parents and grandparents to want to help. But, those who co-sign someone’s student loan may not realize that, if the younger person stops paying, they’re on the hook for the balance.
Brad Deloach of Alvernia University stopped by Talk Philly.
If you think that it’s just recent grads that are struggling to pay student loans, think again. As 3 On Your Side Consumer Reporter Jim Donovan finds, more and more people are heading into retirement with student loan debt.
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.
Wednesday was move-in day at Temple University, and the dorms were buzzing with new freshman and their parents.
In Washington D.C. today, President Obama signed a $105 billion transportation bill. As strange as it may sound, 3 On Your Side Consumer Reporter Jim Donovan tells us that this bill signing will come as welcome news to many college students, too.
Subsidized student loan rates will double next week, unless Congress acts to extend legislation that reduced the rate.
In his weekly address, President Obama called on Congress to act and come up with a plan to stop federal student loan interest rates from doubling on July 1st. And one local Congressman is optimistic a deal could get done.
With a couple of simple fixes from Congress, billions of dollars could be put into the economy by allowing middle class families to refinance their mortgages and by keeping student loans at market rates. Maybe […]
3 On Your Side Consumer Reporter Jim Donovan tells us what new graduates can expect when it comes to paying those bills.
Catherine Wilson, an assistant professor of political science at Villanova University, says the student loan interest vote has become political in this election year.