studentloans

Decades Later, Student Loan Default Still Haunts Her

President Obama recently announced a plan to provide relief to student loan borrowers, but for the millions already in default on such loans, that help comes too late. Failure to repay those loans can wreck your finances permanently. Casey Zimmerman Thompson is a cautionary tale: More than two decades ago, she borrowed just $7,100.

How to Go to College Without Going Broke

Between rising tuition and a weak job market, some pundits argue that higher education isn't worth the money anymore. But college grads on average earn more than twice as much as workers with only a high school diploma. So how can you get a degree without spending the rest of your life in debt?

Average Student Debt Hits Record High in 2010: $25,250

A report released on Thursday by the Institute for College Access & Success's Project on Student Debt shows that members of the class of 2010 who took out loans to finance their educations owed an average of $25,250 in student debt at graduation -- a 5% increase from the year before.

Help Your Kids Save While They're Still in School

So your resident college student is knee-deep in student loans, tuition, fees and rent payments. But infusing her bank account will sap the funds you have earmarked for your retirement. What's a concerned parent to do? Help her start building up some savings of her own. Here's how:

10 Worst States for Student Debt

The amount of student loan debt in America will exceed $1 trillion this year, and this week, President Obama acted to ease the burden on millions of college graduates. Which states need that help the most? 24/7 Wall Street breaks down the 10 states with the worst levels of student debt.

Obama's Student Loan Plan: Could You Pay Less?

The Obama administration estimates that close to 8 million borrowers will be affected by its new student loan initiative. That's not even a quarter of those paying down college debt, but with nearly $1 trillion owed, it's still a big deal. Here's what you need to know about the plan.

White House Announces Plan to Ease Student Loans

Noting that it took President Obama 10 years to pay back his student loans, White House officials today announced a new presidential initiative aimed at helping others pay back the cost of their higher educations. Student loans have overtaken credit cards as the nation's largest source of debt.

Financial Trick or Treat: Sweet Deals, Scary Mistakes

The world of personal finance is a lot like Halloween: Filled with treats if you're good (and clever), but rife with tricks if you're not careful. Here's some savvy advice that will keep your money tree from getting TPed, and help you bring home a pumpkin full of sweet rewards.

Tips for Pricing a College Before You Apply

How do you avoid sending your kid off into the world without a pile of student loan debt? One key is to figure out the real, bottom-line price of a specific college -- before you apply. DailyFinance's Laura Rowley explains.

Are College Cost Calculators Flunking the Math?

Oct. 29 is the deadline for U.S. colleges to put "net price calculators" on their websites -- tools intended to estimate the real cost of attending for each specific student. But the most widely adopted calculator is inaccurate -- to the tune of thousands of dollars, experts say.

Balancing Student Loans With Saving for Retirement

A 52-year-old single mom needs to save for retirement, but her cash flow is strangled by rising student loan payments for herself and her sons. How can she minimize her loan payments and free up cash for retirement savings? DailyFinance's Laura Rowley offers some tips.

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.

Paying Off Our Plastic Is Killing the Economy

Here's the good news: American consumers are finally starting to reduce their reliance on credit and pay off their high-interest debt -- a positive development for their financial futures. The bad news: More money in people's pockets means less overall spending in the economy, which desperately needs the cash right now. How might the tension be resolved?

College Dropouts Cost U.S. Billions in Lost Earnings

When students drop out of college, it's not just disappointing for them and their parents -- it's also bad news for Uncle Sam, and even for their next-door neighbors. According to a new report, a single year's worth of dropouts cost the nation $4.5 billion in lost income, and lost federal and state income taxes.

Are You Photoshopping Your Finances?

It's one thing to use Photoshop to make your waistline look slimmer in your snapshots. Many people also take a distorted view of their finances, fooling themselves about the health of their balance sheets. Here are some common self-deceptions.

10 Colleges with the Best Financial Aid

Worried about how to pay for college? The Princeton Review this week released its financial-aid ratings for more than 600 U.S. colleges. Find out which ones came out on top.

Money 101: How to Save Cash in College

With college costs rising, it's more important than ever for students to be financially savvy. Here are 15 things you need to know to graduate with a bank account at the top of your class.

Pell Grant Backers Rally to Fight GOP Funding Cuts

More than 1 million of America's poorest college students may have to take out bigger loans, find another way to pay tuition, or drop out in 2012, if Republican budget cuts are passed that shrink the government's Pell grant program. But supporters are mobilizing in an online rally Monday for "Save Pell Day."