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6 Ways to Beat Student Loan Debt

6 Ways to Beat Student Loan Debt

You can beat student loan debt with these helpful tips.

By Kathryn Knight Randolph
Published April 29, 2016
Can Parent PLUS Loans Get Income-Based Repayment and Loan Forgiveness?

Can Parent PLUS Loans Get Income-Based Repayment and Loan Forgiveness?

You've mentioned previously that while Parent PLUS loans are nominally eligible for public service loan forgiveness, they are not eligible for IBR or ICR, which leaves nothing left to forgive. Is ...

Mark Kantrowitz
Published April 8, 2013
New Proposals for Hybrid Fixed/Variable Interest Rates on Federal Student Loans

New Proposals for Hybrid Fixed/Variable Interest Rates on Federal Student Loans

The President's budget for fiscal year 2014, which was released on April 10, 2013, includes a proposal for switching new federal student loans to a hybrid fixed/variable interest rate scheme starting ...

Mark Kantrowitz
Published April 12, 2013
How to Qualify for a PLUS Loan Despite an Adverse Credit History

How to Qualify for a PLUS Loan Despite an Adverse Credit History

I'm currently an MBA student who has a VERY adverse credit history. Part of which includes a defaulted Federal Loan. I'm halfway through my first year of business school and find ...

Mark Kantrowitz
Published April 15, 2013
Shocking Student Debt Statistics

Shocking Student Debt Statistics

These numbers are jaw-dropping, to say the least!

By Elizabeth Hoyt
Published May 11, 2016
Prepare to Pay Even More for School

Prepare to Pay Even More for School

The current interest rate is 3.4 percent and, starting the first of July, would double for more than seven million students.

Elizabeth Hoyt
Published May 29, 2013
Congress Raises Debt Ceiling, with Shifts and Cuts in Student Aid Funding

Congress Raises Debt Ceiling, with Shifts and Cuts in Student Aid Funding

Congress passed the Budget Control Act of 2011 on Tuesday, August 2, 2011, raising the debt ceiling at the last minute. The debt deal cuts some student loan benefits, especially for ...

Mark Kantrowitz
Published August 3, 2011
When Can a Student's Grandparents Substitute for the Parents on Financial Aid Forms?

When Can a Student's Grandparents Substitute for the Parents on Financial Aid Forms?

If a student lives with a grandparent, is there any way the student can use the grandparent's income tax information on her FAFSA? I have lived with my grandmother for all ...

Mark Kantrowitz
Published August 8, 2011
Student Loan Rates Increase: the Impact on You

Student Loan Rates Increase: the Impact on You

On May 8, it was announced that student loan interest rates for the 2014-15 school year would increase for students borrowing from the federal government. Currently, the rates are fixed at ...

By Kathryn Knight Randolph
Published May 12, 2014
When Does Repayment Begin on a Subsidized Loan?

When Does Repayment Begin on a Subsidized Loan?

When does a student have to start paying back a subsidized loan? — A.A. If the loan is a subsidized Stafford loan, repayment begins 6 months after graduating from college or ...

Mark Kantrowitz
Published August 15, 2011
Congressman Hansen Clarke Proposes Student Loan Relief Legislation

Congressman Hansen Clarke Proposes Student Loan Relief Legislation

Rep. Hansen Clarke (D-MI-13) introduced the Student Loan Forgiveness Act of 2012 (H.R. 4170) on March 8, 2012. If enacted, this legislation will provide student loan forgiveness for federal education loans, ...

Mark Kantrowitz
Published March 12, 2012
Impact of Tax Filing Status on Income-Based Repayment for Married Borrowers

Impact of Tax Filing Status on Income-Based Repayment for Married Borrowers

We married in January of last year, after my husband graduated with a Master's degree in December. His loans total $65,000 and he earned $20,000 last year. I graduated in May ...

Mark Kantrowitz
Published March 19, 2012
PSST! Want to Graduate from College with an Undergraduate Degree and No Debt?

PSST! Want to Graduate from College with an Undergraduate Degree and No Debt?

A recent research report analyzes the characteristics of the 1.7 million undergraduate students who were able to graduate in 2007-08 without any student loan debt. About two fifths of undergraduate students ...

Mark Kantrowitz
Published August 24, 2011
Update: President Obama's Student Aid Bill of Rights

Update: President Obama's Student Aid Bill of Rights

An update on President Obama's Student Aid Bill of Rights.

By Kathryn Knight Randolph
Published April 14, 2016
If I Stop Paying My Student Loans, Will the Default Yield a Reasonable Settlement?

If I Stop Paying My Student Loans, Will the Default Yield a Reasonable Settlement?

I would like to know what will happen if I stop paying my student loans. I have never been unemployed and don't plan to be, but my loan payments are over ...

Mark Kantrowitz
Published September 5, 2011
Should Students and Parents Who are Close to Retirement Borrow to Pay for College?

Should Students and Parents Who are Close to Retirement Borrow to Pay for College?

I am 47 and recently divorced single parent of two children, ages 7 and 8. I spent the last 9 years as a stay-at-home parent. As a result of the divorce, ...

Mark Kantrowitz
Published April 16, 2012
What are the Downsides and Upsides to Unsubsidized Federal Student Loans?

What are the Downsides and Upsides to Unsubsidized Federal Student Loans?

As a guidance counselor, I have many families asking me if there's any downside to taking out a federal unsubsidized loan. They need loan money either way and the rates for ...

Mark Kantrowitz
Published April 23, 2012
A Primer on the Doubling of the Subsidized Stafford Loan Interest Rate

A Primer on the Doubling of the Subsidized Stafford Loan Interest Rate

This article summarizes the background concerning the doubling of the interest rate on new subsidized Stafford loans to undergraduate students from 3.4% to 6.8% on July 1, 2012. It also discusses ...

Mark Kantrowitz
Published April 24, 2012
College Just Got Cheaper: Federal Loan Interest Rates Drop

College Just Got Cheaper: Federal Loan Interest Rates Drop

Good news for students: federal student loan rates decrease.

By Kathryn Knight Randolph
Published May 21, 2015
Congress Proposes Cutting Student Financial Aid in FY2012 Federal Education Budget

Congress Proposes Cutting Student Financial Aid in FY2012 Federal Education Budget

The U.S. House of Representatives and U.S. Senate are considering proposals to cut student financial aid in the FY2012 federal education budget. Rep. Denny Rehberg (R-MT), chairman of the House Appropriations ...

Mark Kantrowitz
Published October 3, 2011