If you are among the 45 million Americans with student loan debt, you may have no easy way to pay it off. The average person has a balance of around $33,000, which can take 10 to 30 years to pay off – in ideal conditions. Yet, your income, employment status or other...
America’s rising debt: A $14 trillion problem
Today, credit is something that most people have. Many people carry thousands of dollars in debt on their credit cards. In total, the United States population owes $14 trillion between mortgages, credit cards, student loans and auto loans. Debts rose by around .7% in...
Student loan debt gets people educated and indebted
Are you drowning in student debt? A large portion of Americans who attended college are. They proudly headed off to school and applied for student loans, knowing that an education would sustain them financially in life. The reality for many, however, is that while...
Parents, grandparents on the hook for student loan debt
We all want the young people we love to have the best opportunities in life, which is why many parents and grandparents agree to co-sign for private student loans and federal PLUS loans. However, things don't always go as planned, and if the student ends up defaulting...