Student Loan Repayments – Impact on Consumers
https://youtu.be/FqD9ZfcB8g8 Student loans must start being paid back in October. In this update, we break down the balance profile and age groups to show where the problem truly lies. The good news is that because of the negative headlines, those students under the age of 30 are taking out less in student loans than they […]
Student Loan Payments Are Back
In March 2020, federal student loan borrowers were allowed to skip their monthly payments, and their interest rates would be 0%. Borrowers were unsure when this would be lifted but as of June 30th, 2023, President Biden has announced the final decisions on student loan forgiveness and repayment plans. The Supreme Court has struck down […]
Should I Consolidate my Student Loans?
One of the largest debt discussion points in the media currently is student debt. With student debt at an all-time high, over 50% of students are graduating with student debt. Per Investopedia, the average amount of student loan debt per borrower is slightly above $35,000. A common dilemma for graduates with multiple student loans post-graduation […]