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Student Loan Default Rate On the Rise
20 April 09 04:02 PM | Student Loan Girl | 0 Comments   

Weighed down by job losses, limited job availability, and lower salary wages, college graduates — who leave school owing an average of $22,500 in student loans — are defaulting on their federal student loans at the highest rate since 1998 (“ In Grim Job Read More...

Filed under: bankruptcy, college graduates, college loans, deferment, deferring student loans, extend student loan terms, federal student loan repayment options, federal student loans, forbearance, forbearing student loans, income-based repayment plan, limited job availability, New York Times, NextStudent, student loans

Changes to Student Loan Repayment Programs Not Enough, Advocates Say
30 October 08 11:34 AM | Student Loan Girl | 0 Comments   

Despite 1,500 individuals and a dozen national organizations pushing for further changes to legislative provisions that help low-income college students repay their student loans, the Education Department recently issued the provisions’ final regulations Read More...

Filed under: Chronicle of Higher Education, college, college financial aid, college loans, Department of Education, double-counting penalty, Education Department, financial aid, income-based repayment plan, low income student borrowers, NextStudent, paying for college, Robert Shireman, Samara Yudof, Student Loan Repayment, student loans, The Project on Student Debt, tuition

Medical Residents Losing Ability to Defer Student Loans for 'Economic Hardship'
10 June 08 04:50 PM | Student Loan Girl | 1 Comments   

Beginning next year, medical school residents will no longer be eligible to defer their federal student loans because of new criteria the government will use to determine “economic hardship,” according to an article in the American Medical News (“ New Read More...

Filed under: American Medical News, Association of American Medical Colleges, college loans, debt-to-income ratio, deferring student loans, doctors, income-based repayment plan, medical residents, medical school loans, NextStudent, student loan deferment, student loans, subsidized student loans, U.S. Department of Education