The Senate deadlocked Thursday over federal student loan interest rates, with no consensus in sight on how to prevent rates on certain loans from doubling for about 7 million borrowers on July 1.
A majority of the Class of 2013 graduated with student loans. In the video above, three new graduates talk to CBSNews.com how their loans are influencing their plans for the future.
With the national student debt currently at more than $1 trillion and a new crop of recent graduates entering a less-than-stellar job market, keeping interest rates low is essential for reducing overall student loan debt and helping borrowers make their monthly payments. But the current fixed interest rates on subsidized federal Stafford loans are set to […]
Getting a forbearance on your student loans can be a good short-term option if you’re struggling with repayment. However, the interest can really add up, and you might end up paying thousands of dollars on top of the loan after just a few years of forbearance. Watch the video above for one student’s story about the long-term costs of forbearance.
Are you falling behind on your student loan payments? Turns out, you’re not alone. According to a report released yesterday from the New York Federal Reserve, nearly one third of student loan borrowers in repayment are delinquent on their debt. And this number is on the rise–total student loan balances almost tripled between 2004 and 2012 […]