Student loan defaults could crescendo into the next economic meltdown — but would forgive them really solve the problem?
President Barack Obama has been in the news recently as he invited more than 100 college presidents to DC in an attempt to expand college access, especially to low income students. "More than ever a college degree is the surest path to a stable middle class life," Obama stated. I have a few problems with this. First, when did the
I paid off $33,850 of student loan debt in just over four years. Here's Part 3 of how I did it. My first step in paying off student loans was to aggressively pay off my high interest debt. The next step was to make minimum payments while I (unsuccessfully) invested in the hopes of higher returns. The third and final
I paid off $33,850 of student loan debt in just over four years. Here's Part 2 of how I did it. My first step in paying off my student loans was to spend $500 a month paying off one high interest student loan that I transferred to a 0% APR credit card. This was in addition to paying $300 a
I paid off $33,850 of student loan debt in just over four years. Here's Part 1 of how I did it. I graduated from college in 2008 with $33,850 in debt. Most of that debt was in the form of Stafford or Perkins loans that were no higher than 5% interest. However, I had one Tuition Answer loan from Sallie
I graduated from college in May 2008 with degrees in Math and Electrical Engineering and $33,850 in student loans. I paid off the last dollar of those loans on June 15th, 2012. My road to paying off student loans was a long one with many twists and turns. I had considered finding a company that would refinance student loans. I