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Don’t Make These 3 Student Loan Mistakes
The thought of paying for college can seem intimidating – especially for someone who is just starting out on their own and is used to having certain things paid for and covered by parents, guardians, or relatives. However, student loans don’t have to add additional stress to an already busy life. Let’s take a look […]
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Month: November 2014
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How to Pay Off Your Student Loan Debt In 5 Years
As soon as you walk off the stage, move the tassel on your graduation hat, and partake in your school’s time-honored traditions that usher you into the workforce – ready or not – you quickly realize that all those student loans you’ve taken out are suddenly resting on your shoulders. That can be intimidating if […]
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Month: November 2014
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States With The Highest Student Loan Debt
Student loan averages around the country are higher than ever before, with the national total surpassing $1 trillion earlier this year. But is student loan debt the same everywhere? While last year the average student graduated with just over $29,000 of student loan debt, the newest research says that number has jumped to over $30,000 […]
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Month: November 2014
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3 Ways to Take Control of Student Loans
Student loan debt is at an all time high, surpassing $1.2 trillion earlier this year. President Obama and the government have begun to take an interest in lowering student debt, and people of all ages and backgrounds are beginning to feel the effect of their loans. Young professionals trying to build a family are bogged […]
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Month: November 2014
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Private Student Loan Troubles
If you only have private student loan debt, the rules surrounding your situation are different from those dealing with federal loans. Further, each private lender has different rules regarding borrowing. While one lender may offer a temporary break in payment if you’re struggling with a financial emergency, another lender may not. While the rules are […]
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Month: November 2014
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Student Loans and Tax Write-Offs
According to the IRS, it’s possible to deduct interest you pay on a student loan on your taxes by writing it off as an adjustment to income. While not all student loan borrowers are entitled to this tax deduction, servicers are required to provide clear guidelines about returns so you can determine the amount of […]
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Month: November 2014
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How Bad Are Student Loans, Really?
Student loans have risen astronomically over the past decade, with the total loan amount quintupling from 2003 to now. $1.2 trillion dollars nationally and an average of roughly $30,000 per graduate are huge sums of money, especially when federal student loans are continually taken out at a rate of 10 million per year. The number […]
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Month: November 2014
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How Student Loan Debt Hurts the Housing Market
Student loan debt continues to make a splash in the news as the country begins to recognize how dangerous an overarching debt of $1.2 trillion is to the economy. The situation has worsened to the point that it is currently trickling into other aspects of the economy, especially the housing market. In the past, new […]
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