by Abby Smith | Jun 23, 2020 | Student Loans
66 organizations, including the NAACP, American Federation of Teachers, and National Women’s Law Center joined forces to write a letter imploring Congress to cancel student loan debt in the next stimulus package [1]. The letter applauds lawmakers for swiftly passing...
by Abby Smith | Jun 1, 2020 | Student Loans
If you haven’t been keeping up with the news, the House passed the Health and Economic Recovery Omnibus Emergency Solutions Act HEROES (Act) the Friday before last that will cancel up to $10,000 in student loans for all student loan borrowers and suspend all student...
by Ross Hornish | Apr 24, 2020 | Finance
A no-interest student loan is equivalent to winning a lottery but it is not free money. It entails paying the actual amount that was borrowed during the time of refund, unlike traditional student loans that are accompanied by their respective interest rates which...
by Ross Hornish | Apr 13, 2020 | Uncategorized
0% FED interest rate. 0% Federal student loan interest rate. These are truly amazing times. However, 0% interest does not mean 0% action. There was a shock on Sunday, 15th of March 2020 as the Federal Reserve made a proclamation that it would reduce interest rates to...
by Ross Hornish | Mar 20, 2020 | Student Loans
America has a real debt problem. With the national student loan debt now sitting somewhere around $1.6 trillion, it’s very clear that you need to seize any opportunity you can to diminish your contribution to the statistic. Low-interest rates make the present an...
by Ross Hornish | Oct 21, 2019 | Student Loans
2019 U.S. Student Loan Debt Statistics Student Loan Statistics: Overview Total Student Loan Debt: $1.56 trillion Total U.S. Borrowers With Student Loan Debt: 44.7 million Student Loan Delinquency Or Default Rate: 11.4% (90+ days delinquent) Direct Loans –...
by Ross Hornish | Oct 17, 2019 | Student Loans
Today, those that graduate college with student loans owe, on average, close to $30,000 and, over the coming years, they’ll likely repay more than that amount because of the rising rates of interest (the interest rate of the 2019-20 undergraduate class was 4.53%)....
by Ross Hornish | Jul 24, 2019 | Student Loans
Today, approximately 70% of college graduates leave institutions of higher learning with significant amounts of student loan debts; over 44 million Americans collectively owe almost $1.5 trillion – that averages out to 1 in 4 American adults with student loan debts,...
by Ross Hornish | Nov 4, 2018 | Student Loans
Today is Daylight Savings Time and despite your feelings on the matter, most of us turn our clocks back one hour. The concept of turning back time has always fascinated people in modern times. It was popularized by H. G. Wells in 1895 with his novel The Time Machine...
by Ross Hornish | Apr 15, 2018 | Finance
Your house. A business you started. That car that you love. Your wedding ring. Medical bills associated with a catastrophic event. These are all things that you can file for bankruptcy. However, if you’ve ever asked yourself “Can I file for bankruptcy on...
