Student Loans

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40% Of Student Loans Could Default Over 20 Years

27% of Students who entered Repayment in 2004 have Defaulted, 40% Predicted by 2023

America's student loan debt may be approaching a critical point with respect to repayment. According to Student Loan Hero, the total student...

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Debt Collection Borrowing Student Loans

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1 In 5 Americans Has No Net Worth ... Or Less

New Survey Shows Increasing Wealth Disparity

Billionaires and the impoverished have one thing in common – momentum. Once you achieve high levels of wealth or debt, it's very easy for ei...

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Budgeting Borrowing Investing & Retiring Retirement

Q&A

Asked by Cadavis730

Should parents invest in more exclusive/expensive universities for their children that will require student loans or go to less expensive?

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Answers 1

Answered by Dave Bradley
Investment Manager (Financial Advisor) in North Charleston, SC

Hi Cadavis730 It’s an individual answer and there are of course many variables to consider. As an Investment Manager and Fiduciary, my thoughts are on the value of...

Investing & Retiring Student Loans

Q&A

Asked by Joyce

My student loans are in deferment. Do they count in my debt-to-income ratio?

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Answers 1

Answered by Caroline Gerardo
C G Barbeau in Newport Beach, CA

Yes, they do count. You will be asked to provide a copy of the note showing the interest rate and the number of years, therefore a proposed payment can be EITHER calcu...

Borrowing Student Loans

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What Happens If I Don't Pay Back My Debt?

Different Debt Defaults, Different Results (But None of Them Are Good)

Do you ever feel like you are drowning in debt? Have you ever considered simply not paying your debts? What's the worst that can happen if y...

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Credit Rating Delinquency, Foreclosure & Eviction Debt Collection Borrowing

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1/3 Of Student Loan Debtors Take Out Loans For Holiday Shopping

New Survey Shows Holiday Spending Can Trump Debt Load

Will your student loan debt put a dent in your holiday spending plans? A recent survey by Student Loan Hero suggests that while student loan...

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Budgeting Borrowing Investing & Retiring Student Loans

Q&A

Asked by an anonymous user

I have a student loan on my credit that goes back 10 years. I have not been able to repay the debt. When will the debt drop off my credit history?

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Answers 1

Answered by MoneyTips Writing Staff
Financial Adviser in Los Angeles, CA

That depends on what type of loan it is. Some student loans won't come off until they have been paid in full. For more information about credit and how to raise your c...

Credit Rating Debt Collection Borrowing Student Loans

Q&A

Asked by an anonymous user

What should I do about heavy student loan debt that has not been resolved in years due to low income?

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Answers 1

Answered by MoneyTips Writing Staff
Financial Adviser in Los Angeles, CA

Contact your creditor about arranging loan forgiveness or an affordable payment plan. You can also read our article on 5 ways to have your student loan forgiven for mo...

Student Loans

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