The good news is that student loan interest rates did not rise quite as high as the Consumer Financial Protection Bureau predicted and that we wrote about in May. The bad news is they still rose significantly over what the rates were. Undergraduate loans were at 3.86%, graduate loans were 5.41% and PLUS loans were […]

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You might remember all the hubbub last summer about student loan interest rates – they were set to double and everyone pushed on Congress to find a permanent fix. Legislation passed that tied the rates to the 10 year Treasury note yield. In its first year, this left rates at a tolerable 3.86% for undergraduate […]

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For far too long we’ve watched student loan debt pile up to record levels while borrowers fall further and further behind. We covered the rise in average balances earlier this week, noting that they’ve risen to an incredible $29,400. And with delinquencies on the rise and post-grad unemployment still lagging, this is a perfect storm […]

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It’s no secret that student loan debt is a growing problem in the U.S. Recent data from the Consumer Financial Protection Bureau (CFPB) indicates total outstanding student loans are approaching $1.2 trillion, with $165 billion of that in the form of private, not federally backed, student loans. The Project On Student Debt estimates that two […]

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A game changing announcement was made today that should prove a huge boon to many student loan borrowers. Consumer Finance Protection Bureau (CFPB) announced they will begin overseeing the largest of the nonbank student loan servicers. Although the list of those that will be monitored wasn’t announced, the largest include Sallie Mae, Great Lakes, Nelnet […]

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If you’ve fallen behind on your student loan payments, you’re probably hearing from debt collectors and the further delinquent you get on your loans, the more aggressive they will likely become. Many people have horror stories about debt collectors hounding, threatening and ceaselessly harassing them over their student loan debts until they’ve become stressed and […]

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If you’re dealing with student loan debt, you can use all the help you can get. We encourage you to follow Tuition.io on Twitter and like us on Facebook to see the latest on our news feed. As well, there are many other great resources that we recommend you check out for advice and information on personal […]

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We wrote last month about a request for input by the Consumer Financial Protection Bureau (CFPB) on student loan affordability. CFPB is asking for input from borrowers, students and any and all interested parties on how debt repayment for educational loans can be made more affordable. The House recently passed a 2014 budget proposal that […]

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