What Could be Scarier?
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Student loans don't have to be scary when you have the knowledge and data you need to make good education decisions.
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You’ll Be Paying for this Decision for Ten Years: Taking Out Loans Responsibly
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Student loans got you down? Learn some basic info on what every student should know about loans, including how to pay them off on time!
Read MoreDid You Get the Best Deal on Your Financial Aid Offer?
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Comparing financial aid offers can be overwhelming. How do you know you got the best financial aid package you could? How does your offer compare with other students similar to you?
Read MoreThis is Why We Have So Much Student Debt...
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Nearly 50% of students underestimate the amount of debt they have taken on, and 14% of students with loans believe they don't have any debt whatsoever! It's no wonder the amount of student debt in the U.S. has escalated so rapidly, with college costs rising sky-high and complicated financial aid forms leaving many students with more debt than they imagined.
Read MoreStudent Debt Can Follow You Into Retirement
/Student loan debt is a fact of life that most graduates have to live with. In 2013 about 70% of college students graduated with debt, the average being $28,000 per person. Most students are able to pay it off in a timely fashion, with the standard repayment system having students pay off their debt in 10 years. However, some students have exorbitant debts, and are also underemployed, making it nearly impossible for them to follow the ten year plan. This debt can follow you into retirement, and those who are in default will get their social security benefits cut. About 2 million Americans over 60 have student loan debt. In 2013, 155,000 Americans had their social security or disability benefits cut because of student debt.
This news is troubling and may indicate that borrowers are not aware of their options when it comes to paying back their loans. Student debt is almost impossible to dismiss through bankruptcy, but borrowers who can prove financial hardship can qualify for an income based repayment plan, and even be forgiven for the remainder of their loan after making payments for a specified time period. Learn more about different repayment plans here.
For more information, visit StudentAid.Gov.
Why A College Degree Might Not Pay Off for Everyone
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While the average salary of a college educated worker greatly surpasses that of high school educated worker, college graduates in the 25th percentile are doing no better than the average high school graduate.
Read MoreIs “Follow Your Passion” Terrible Advice?
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The advice to "follow your passion" is often blindly accepted as the key to success and career satisfaction, but is it advice we should be giving? Mike Rowe of "Dirty Jobs" does not think so.
Read MoreGapping: Controversial Practice Still Going Strong Especially in Private Universities
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"Gapping" is a fairly common practice, especially in private schools, but few parents and students have heard of it. Should you be concerned?
Read MoreIf a Master's is the new Bachelor's, Is that Why Everyone's Seeing Red?
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As more and more students graduate with bachelor's degrees, some have found they have to go on to receive master's degrees in order to stand out from the crowd. Unfortunately this leaves many students saddled with unmanageable amounts of debt. How far can this trend take us?
Read MoreCan the Value of a College Degree Really Be Measured So Easily?
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Due to high tuition rates and skyrocketing student loan debt figures, many are questioning how much a college degree is really worth. But, are we taking too business-like of an approach?
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