News
Our view: Be smart about borrowing for student college degreesLast year, federal and private student loan debt exceeded credit card debt. Next year, student loan debt is expected to top more than $1 trillion. As federal and state programs are trimmed, universities lose various forms of funding and more and more ... read more
Sallie Mae Cuts Private-Loan Rates To Maintain Volume Growth
(SLM) is cutting the interest rates it offers on private student loans as the company tries to maintain momentum in improving loan-origination volumes. The new rates, effective Monday, range from Libor-plus-2 basis points to Libor-plus-9.875 basis ... read more
Can You Make It Through College Without Student Loans
As of 2010, outstanding federal and private student loan debt totaled nearly $760 billion. Only 40% of this amount is being repaid; the rest of it was in default or deferment (meaning payments and interest are halted), or in forbearance (meaning ... read more
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