A December 14 article of Forbes revealed millions of people struggling to repay their student loan debts are expected to benefit from the proposal of president-elect Donald Trump. A month before the presidential election, Trump said in Ohio that student loan debts should not be a lifetime burden to people and students should not be...

A recent study by the analysts at WalletHub shows Birmingham is within the top two percent of the most debt-stricken cities in the country. The consumer finance website conducted their study by weighing median incomes against average loan amounts in 2,513 cities in the U.S. The report found that there were 10 cities in Alabama...

Parents who are financially supporting their children’s education by cosigning their student loan debts may want to try the following options, especially if they are already having difficulty making their monthly payments. Parents who are struggling to pay their “PLUS Loan” monthly dues may want to use the “income-contingent repayment plan” in order to adjust...

Paying for student loan debt and financing for higher education are a primary concerns for teenagers, an article of ACA International said on December 5. In the survey conducted at Northeastern University in Boston, more than half of the teen respondents age 16 to 19 are worried about financing their chosen degree in college. Other...

Student loan borrowers who are facing trouble repaying their balance may consider the following tips in order to best manage their debts: • Be sure to closely review the terms of your loan as there will likely be a range of repayment options available. • Individuals may want to consider merging their various loans in...

According to research, the amount of student debt held by the American elderly has escalated in recent years, the New York Times reported on September 12. According to the “Household Debt and Credit Report,” unsettled student loan debts held by senior citizens reached $43 billion from the $8 billion recorded nine years ago. Data from the...

In legislation recently proposed by a senator, students who took out private loans may have them discharged in bankruptcy cases, an article by the Huffington Post stated on June 25. In the Higher Education Affordability Act introduced by Senator Tom Harkin (D-Iowa), the option was proposed for struggling borrowers of private student loans to have their debts discharged...

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