Sallie Mae

Parents Cutting Back on College Spending, Says Sallie Mae

Families are implementing more cost-saving strategies to cut college spending, choosing less expensive schools and finding more economical ways for students to attend, according to a study from Sallie Mae, the country's largest student lender.

Is This the Answer to the Student Debt Crisis? FixUC's 5% Solution

College tuition just keeps rising, and student loan debt is at an all-time high, leading to hefty loan payments that can overwhelm earners early in their careers. But a group called FixUC has a radical proposal to re-think tuition that could make everyone happy.

Good Reasons to Love Those Darn Student Loans

With student loan default rates rising due to persistently high unemployment rates, it's easy to vilify the seemingly endless monthly payments that follow graduation. But take a closer look, and you'll find that the news about student loans is more good than bad.

Student Loans Coming Due? Advice for the Class of 2011

When you graduate college, you've got six months before you have to start repaying your student loans. For members of the class of 2011, that grace period ends soon, but all too many of them haven't found jobs and can't afford to start making those payments. We asked John Ulzheimer of SmartCredit.com to discuss their options.

Citigroup May Sell Student Loan Corp. to Sallie Mae Consortium

Citigroup (C) plans to sell its student-lending unit Student Loan Corp. to a consortium including Sallie Mae as early as today, The New York Post reported. Citigroup owns 80% of the company, with another 20% being publicly traded. It is the country%u2019s second-largest student lender, after Sallie Mae.

Does the Housing Industry Need a Bailout?

Michael Feder of Radar Logic thinks it does. And he adds that government, which has underwritten or guaranteed almost every new mortgage since the financial crisis began, is in a precarious position itself. But Feder offers one possible solution.

Heavy Student Loans Put a Damper on Family Life

It's a sad truth: Debt forces people into choices they'd rather not make. A survey conducted by Sallie Mae subsidiary Nellie Mae found that 21% of student borrowers had delayed having children because of their loans, and 14% delayed getting married because of their student debt loads.

IBR Is a Bad Deal for Student Loan Repayment

Income-Based Repayment, or IBR, caps monthly payments at 15% of discretionary income and allows stretching payments out for 25 years instead of the usual 10, but that doesn't make it a good deal for borrowers.

Makeover needed: Student loans

Two-thirds of students have to borrow to attend colleges, according to FinAid. They leave campus on graduation day 2004 with an average $19,237 in...