Default. That word carries a lot of weight in the world of student loans. Last year, 1 million federal student loan borrowers defaulted on their loans, which means they failed to make a payment within 270 days of the due date. It’s expected that almost 40 percent of borrowers will default by 2023, according
Tag: student loans
Are you a college-educated woman who is being buried under a pile of student loan debt that devours your paychecks and gives you heart palpitations at 2:30 a.m.? Well, take heart — at least you’re not alone! According to a depressing new report released this week by the American Association of University Women, women
Probably the least exciting thing about graduating college is having to answer the question of what you’re going to do after you graduate. It feels like some kind of a test of your self-will. The more you get asked the question, the more you want to throw a chair. We all have high hopes for
Image: AP/Butch Dill The U.S. government’s $1.3 trillion student loan program has a dizzying array of repayment plans that can overwhelm borrowers. That’s one of the things loan servicers are supposed to help with. Navient, the nation’s largest student loan servicer, handles accounts for more than 1 in 4 Americans who owe money for their
Online finance startup SoFi got its start refinancing student loans but gradually has been adding other services to members.To expand into new regions and move closer to becoming a full-service financial services company, SoFihas confirmed that it raised an additional $500 million in equity financing led by Silver Lake. The new funding round, which previously had
Image: Shutterstock / Myroslava Gerber Student loan debt may not be exclusive to gender, but women have a tougher time paying it off than men. Women earn just under 80 cents on the dollar compared with men, according to the U.S. Census Bureau, and they’re paying more out of their pockets to service debt.One year
A most benevolent diva. Image: Mike Coppola/Getty Images for People.com Fans of Nicki Minaj piled on with internet praise this weekend after the artist offered to pay college-related expenses for students with straight A’s. Minaj responded to dozens of requests on Twitter from fans seeking hundreds or thousands of dollars to pay down student loans
Need some help paying your college tuition fees or student loans? Nicki Minaj can help! Seriously. Saturday night, the award-winning rapper was on Twitter telling her fans that she would pay international airfare for contest winners (who would get to spend time with her at the Billboard music awards in Las Vegas) when a US student