Colleges are getting aggressive over Perkins Loans – a type of federal student loan that is administered by the schools themselves. While Pell Grants and subsidized student loans go to those with financial need, Perkins Loans go to those with “exceptional” financial need – meaning they help fund the college education of the poorest students. […]

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Student loan default rates for college-administered loans have risen by 20% over the last five years and many schools are getting very aggressive about collections. To some extent, it’s understandable because repaid Perkins loans go back into a limited pool to be loaned out again. Perkins loans go to financially strapped students, so defaults may […]

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Over the last few years, student loans have become an unavoidable topic of discussion–even for those who don’t have any to pay off themselves. Working out a better system for the financial aid system was one of the Obama administration’s biggest undertakings in its first term, and it’s easy to see why: Over half of […]

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Tuition.io, a company out of Launchpad.laaccelerator, is now accounting for over $60 million in aggregate user debt on its platform. Essentially the Mint.com for students in debt, aTuition.io lets kids fresh out of college get a better handle on their finances. And according to the company, 37 million Americans have student loan debt, 38 percent of whom […]

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By Carlin Sack for Tuition.io One of the most common pieces of financial advice young people receive is to use a Roth IRA as a way to prepare for retirement. You are probably thinking, “Hah, plan for retirement?” We get it. Who can think about saving that far out in advance when there are piles […]

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