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 […]
By Jim Donovan: Are you having problems paying your student loans? If so, you’re not alone! Student loan debt in the U.S. has been soaring and the percentage of borrowers more than 90 days delinquent […]
A new study says the millennial generation is shedding more debt than older adults.
As college costs climb, so does the amount of the nation’s student loan debt. Rather than taking out another loan, 3 On Your Side Consumer Reporter Jim Donovan looks at some other ways to cut college costs.
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.