More than 70 percent of undergraduate college students take out student loans to help with college costs. The U.S. Department of Education offers several different repayment plans to ease the burden of loan payments for new graduates as they work to establish their careers.
On Monday, he expanded a program to make it easier for graduates to make their monthly loan payments. But CBS 2’s Jim Williams reports it could cost them more in the long run.
Senator Dick Durbin says students with loans should get the same break as homeowners with mortgages and be allowed to refinance down, reports WBBM’s John Cody.
Student loan interest rates doubled on Monday after the U.S. Senate failed to reached an agreement to ease the increase.
Illinois Sen. Dick Durbin and two congressional colleagues held a hearing at Chicago’s City Hall Monday on the growing burden of student debt.
From TV commercials to stacks of brochures, lenders are bombarding students with attractive offers to get fast loans. One young man was able to borrow $28,000 without a co-signer, CBS 2’s Dorothy Tucker reports.
With a couple of simple fixes from Congress, billions of dollars could be put into the economy by allowing middle class families to refinance their mortgages and by keeping student loans at market rates. Maybe […]
U.S. Labor Secretary Hilda Solis spoke on the UIC campus Tuesday, telling students they have a bright future. But student loans and a lifetime of debt were on the minds of many of the 100 or so in the audience.
Coming out of college with thousands of dollars in debt is becoming the norm for students. But there may be hope in sight, CBS 2’s Marissa Bailey reports.
On Wednesday, President Barack Obama outlined measures intended to lighten the load on college grads, by lowering their payments. The help can’t come soon enough for some students.
The average college student will face $22,000 in student loans when he or she graduates. It’ll take at least 10 years to pay it off. But what if some or even all of your debt could be forgiven, erased, wiped clean?
If there’s no agreement on the federal debt ceiling by Tuesday, it could mean trouble for anyone who gets money from the government, including Social Security recipients, veterans and the millions of students who depend on federally-backed student loans.
On this Veterans Day, a new not-for-profit is helping veterans put their lives and their finances back on track after they leave the military. The group helps vets to pay off student loans and to find jobs.