Tag Archives: student loans

5 Important things to know about student loans

5 Important things to know about student loans

Student loans help students pay for their education. They are usually given by the government or a private lender, and they have to be repaid with interest. The interest rate on student loans is usually lower than the interest rate on other types of loans, and the repayment period is often longer.  Student loans can […] … learn more→

Taking out a student loan for your child can hurt your own financial well-being December 17, 2021 8.27am EST

Taking out a student loan for your child can hurt your own financial well-being December 17, 2021 8.27am EST

When people take out student loans for themselves, certain risks are involved. The debt can negatively affect a person’s mental, emotional and even physical well-being. It can also harm a person’s financial well-being. But when taking out a student loan for one’s child, the risk is even higher that the loan could be associated with lower financial well-being. This is what economics […] … learn more→

Can student loans be cleared through bankruptcy? 4 questions answered

Can student loans be cleared through bankruptcy? 4 questions answered

For decades, student loans have mostly been prohibited from being discharged through bankruptcy proceedings. That could change under the FRESH START through Bankruptcy Act. Here, public policy scholars Brent Evans and Matthew Patrick Shaw, both of Vanderbilt University, explain why student loan debt cannot usually be cleared through bankruptcy and how that might change if the […] … learn more→

What you should know about student loans

What you should know about student loans

Students need a student loan to pay their college tuition and expenses. Individuals who can’t get a scholarship need a better way to pay for their college expenses and attend college. Student loans are a beneficial way to pay these expenses, and they give the students an installment plan to repay the loans. When reviewing […] … learn more→

5 things to consider before taking out a student loan

5 things to consider before taking out a student loan

16.9 million. That’s how many students are going to college at the undergraduate level this fall. Of that number, roughly half – 46% – will take out federal student loans. It’s a decision that could bring certain rewards – not the least of which is a well-paying job – but it can also come with serious economic […] … learn more→

Is tuition killing College students?

Is tuition killing College students?

I’m sometimes asked if our increasing suicide rate is due to the student loan scam. As eager as I am to blame things on it, I’m a little reluctant to do so. After all, around 28% of students with such debt don’t even know it—they’ve been completely scammed by college administrators who haven’t bothered to […] … learn more→

Student loans warping society

Student loans warping society

I’m often asked about the long term effects on our culture from the huge student loan scam. I don’t have a crystal ball, so I have only conjecture, but a recent article from Buzzfeed (bear with me, I’ll be making corrections) tries to address this problem: Jen’s story is like a lot of people’s stories. […] … learn more→

Losing your job to student debt

Losing your job to student debt

Government stupidity clearly knows no bounds. We have tens of millions of people now with student loan debt, a debt which is often too large to pay back thanks to government interference, and cannot be cleared via bankruptcy. But the government wants “its” money, and gets to create the laws. We’re already seeing students loans […] … learn more→