The decision to extend student loans to vocational education and training will cause student debt to reach a staggering $11.1bn a year by 2025-26, a new report from the Parliamentary Budget Office (PBO) has shown. Related: Australian universities warn parties education policy chaos is harming students In April the PBO released figures that show the…
Student debt in the U.S. is reaching new heights. In 2015, student loan debt was $1.2 trillion, compared to $0.2 trillion in 2003, reports the Centre for Retirement Research at Boston College. Further, U.S. student loan debt now accounts for more than 30% of total household non-mortgage debt, surpassing credit card debt in 2011, notes the study. U.S. grads…
Dear Harlan: My boyfriend and I have been dating since the end of freshman year, and now were both about to graduate. He received a major scholarship to an expensive school that happened to be one of my top choices before he was even thinking of going there. I would love to go there for…
As a financial journalist for about 20 years, I can tell you that one of the best games in town for debt counseling is the National Foundation for Credit Counseling. (NFCC) The 55-year-old organization is a nonprofit that gives free, one-on-one counseling on credit and debt issues, including student loans, credit cards, housing related debt,…
Washington College. (Courtesy of Washington College) Before the class of 2016 receives diplomas from Washington College this May, the liberal arts school in Chestertown, Md., will give them a memorable graduation gift: money to pay off student debt. All graduating seniors who took out federal student loans this semester will receive a grant from the college to repay…
Everyone knows it is a good idea to reduce your debt load. With less debt, you save money on interest charges and reduce your risk of financial catastrophe if your income is disrupted and you are unable to make payments. If you don’t have enough to make debt payments, you can fund investments and build…
Harassed by loan sharks and overwhelmed by debt, Ms Santha K. M. swallowed 15 to 20 paracetamol pills and went to sleep, expecting never to wake up again. The 54-year-old was lucky to survive the ordeal last May with only bouts of vomiting, diarrhoea and giddiness. Soon after, she managed to get help from a…
Speaker Paul RyanPaul RyanRyan sticks neck out on Puerto Rico debt relief bill With Ryans blessing, lawmakers press ahead with tax reform talks State seeks to pick up pace on bringing Syrian refugees to US MORE (R-Wis.) has faced several hurdles since taking the gavel as Speaker, but hes stuck his neck out the furthest…
National Debt Relief recently shared in an article published March 12, 2016, some tips consumers can look into to be able to use their tax refund check wisely. The article titled “What Are Your Plans For Your Tax Refund This Year?” lists some of the best practices people can consider when their refund checks come…
Illinois’ public school districts are roughly $20 billion in debt, a staggering figure fueled in part by decades of special deals in Springfield that have given districts exemptions so they can keep borrowing beyond limits set by law. Today, that debt exceeds long-term school borrowing in most other states. It equates to about $10,000 for…