Thanks to benefits in the tax code, saving specifically for college and other education expense can have some advantages
Subscriber Content Read Preview
Two of the nation's largest providers of private student loans are taking steps to ease terms for some borrowers.SLM Corp., also known as Sallie Mae, this past week began accepting applications for loans that allow recent college graduates ...
Diana Jackson had no student debt when she got her Bachelor's degree from Miami University in Ohio in 1982. But when her daughter graduated from the school in 2011, Ms. Jackson was stuck with about $33,000 in parent loans.
Most people assume a degree in the arts is no guarantee of riches. Now there is evidence that such graduates alsorack up the most student-loan debt.
Subscriber Content Read Preview
Student loans are souring at a growing rate—and investors can't seem to get enough.SLM Corp., the largest U.S. student lender, last week sold $1.1 billion of securities backed by private student loans. Demand for the riskiest bunch—those ...
The number of young borrowers who have fallen behind on their student loan payments has soared over the past four years, the Federal Reserve Bank of New York said in a report released Thursday.
As more borrowers fall behind on their private student loans, a U.S. consumer watchdog is pushing to make those payments more affordable.The Consumer Financial Protection Bureau last week said it’s seeking proposals on ways to make debt ...
To lower their number of student-loan defaults, colleges are embracing a controversial tactic: Encouraging borrowers to put off payments.A growing number of nonprofit colleges are hiring companies that specialize in “default management” to ...
Regarding your editorial "Bursting Debt Bubble" (March 1): The statistics speak for themselves. The federal government has clearly proved its inability to run a good student-loan program. In addition to the recent Federal Reserve Bank of ...
Alina Lane's 2012 tax refund came in the mail last week. But she planned how to spend the money long before it arrived.The 26-year-old will put a chunk of the roughly $3,800 refund toward paying her student loans from dental school after ...
Subscriber Content Read Preview
SecondMarket Holdings Inc., a New York-based online-trading firm specializing in private-market securities, on Monday will roll out a platform allowing lenders to issue securities backed by student loans directly to investors.
President Obama called for colleges to rein in their costs during his State of the Union address Tuesday night. But new data shows those who attend schools with lower tuition often end up paying in other ways.
The number of student loans held by subprime borrowers is growing, and more of those loans are souring, the latest signs that a weak job market and rising debt loads are squeezing recent graduates.
Subscriber Content Read Preview
Rising federal student-loan debt and potential changes to how such loans are treated under bankruptcy could be a "train wreck" for U.S. taxpayers, Discover Financial Services President Roger Hochschild said Monday.
The number of student loans held by subprime borrowers is growing, and more of those loans are souring, the latest signs that a weak job market and rising debt loads are squeezing recent graduates.
When their student loans come due, many borrowers have no choice but to postpone the inevitable. As of March, 51% of student loans were in deferment or forbearance — periods when, owing to financial hardship, borrowers are not required to ...
Late last year, total student debt outstanding surpassed $1 trillion for the first time. Now, the problem of student loan delinquency is generating its own eye-popping numbers.
Wedding season is winding down and newlyweds now have the rest of their lives to spend with each other—and each other's debt.Young adults are carrying heavy debt loads from student loans, credit cards and even mortgages. That means new ...
Subscriber Content Read Preview
A new federal program should make it easier for some recent college graduates to keep their student-loan payments manageable.The new option, known as the "Pay as You Earn Repayment Plan," lets eligible borrowers sharply lower their monthly ...
Automatic spending cuts that are set to kick in at year-end—as part of the so-called fiscal cliff—could result in an 8% cut in federal student aid.
Is a college education a good investment? Warren Buffett has often quipped, before audiences of business-school students, that he would pay $100,000 for 10% of a student's future earnings.
Subscriber Content Read Preview
Cyndee Marcoux already was stretched thin, thanks to the $80,000 in student loans she racked up after getting divorced and going back to school a decade ago. Her breaking point came in 2010, when her daughter defaulted on student-loan ...
Subscriber Content Read Preview
Crippled by student debt, Lori Kitchen quit her government job just months after graduating from American University in 2007, figuring she would lose her security clearance once she fell behind on her loan payments.
Subscriber Content Read Preview
With college costs rising, student loans are becoming a necessity even for many upper-middle-class families.If your child asks you to co-sign for a private loan, tread carefully: That debt could become your own.
Subscriber Content Read Preview
When Cherie and Brian Lowe of suburban Indianapolis threw a party last spring, 150 well-wishers came bearing casseroles.This was no birthday or anniversary bash. Mr. Lowe, a lawyer, and Ms. Lowe, a stay-at-home mom, both 36 years old, were ...
Over the next few weeks, Kim Leggett will attend financial aid nights at 20 high schools in Stark County, Ohio. But she won’t be looking for tips on how to pay for college.