Free College Tuition Plans Sprout in States as Feds Could Cut Aid
Get ready for potential changes in the college funding arena at the federal and state level, some good and some bad for borrowers.
House Bill Would Let Students Pay Off Loans With 529 Plans
The legislation also would encourage companies to help employees save for college or for disability care via tax incentives.
CFPB Sues Navient, the Largest US Student Loan Servicer
The CFPB charges Navient with illegal practices that pushed borrowers deeper into debt or prevented their participation in income-driven repayment plans.
College Degree Doubles the Odds of Getting a Job
The unemployment rate of recent college graduates is less than half the rate for all young workers, according to the New York Fed.
Rising Student Debt Among Seniors Threatens to Wreck Their Retirement
The CFPB reports that nearly 40% of borrowers 65 and older, a fast-growing segment of student-loan debtors, are in default.
Former FDIC Chair Bair Has a Plan to Reduce Student Debt
Now president of Washington College, Bair likens the student loan crisis to the home mortgage crisis she dealt with in the past.
U.S. Is Collecting Student Loans It Promised to Forgive
The debtors are former students of for-profit Corinthian Colleges, which filed for bankruptcy in 2015 while under a cloud of fraud investigations.
Graduate Students Receptive to Financial Advice, Despite Debt Load: Study
Graduate students are most receptive to investing, retirement techniques, which bodes well for university education programs.
Should Students Be Financially Literate Before They Take on College Debt?
Financial literacy courses could help student borrowers avoid delinquency or default, according to the director of GW's financial literacy center.
16 Best & Worst 529 College Savings Plans of 2016: Morningstar
Of the 63 plans Morningstar rates, almost half have a neutral rating and all three plans with a negative rating are sold by advisors.