by Judith Ackland | Sep 8, 2017 | Student Debt
As the cost of attending college continues to increase, so does the student loan debt level. According to a report by the Consumer Financial Protection Bureau, the average outstanding balance is now $34,144. Plus, the percentage of borrowers owing $50,000 or more has...
by Judith Ackland | May 19, 2017 | Student Debt
I just read an article about household debt in the United States. It’s now higher than it has ever been, even before the 2008 financial crash. The authors of the article went back and forth between whether the increased debt was good or bad. The increased debt...
by Judith Ackland | Aug 19, 2016 | Uncategorized
Now is the time of year when students are heading to college. In past blogs, we have talked about ways to save for college and ways to minimize the cost of college. If you find yourself in the situation where you need to use loans to help pay for your college, this...
by Judith Ackland | Jun 10, 2016 | Consumer, Taxes
In 2015, 70 percent of college graduates had student loan debt. The average amount of that debt increased $2,000 from 2014 to over $35,000. For many students, paying off that debt is difficult, particularly if the loans have a relatively high interest rate. To make...
by Judith Ackland | Mar 23, 2015 | Uncategorized
Students who want to go to college but face a daunting amount of student loan debt have an option to work in government or nonprofit jobs and have their loans for given after 10 years. The Public Service Loan Forgiveness program “is designed to help ease the...