Plans start at just $39.95/month!
Call Us Today! 413-773-3333

Resource

Struggling with student loans? Virginia has a new way to help

WASHINGTON — Virginians struggling with student loan debt have a new place to turn for help.

Scott Kemp is the state’s first student loan advocate.

He works within the Office of the Qualified Education Loan Ombudsman, which was established by The State Council of Higher Education for Virginia (SCHEV) at the direction of a law passed last year in the General Assembly.

Kemp’s primary focus is to assist borrowers.

The disturbing trend of people losing Social Security benefits to student debt

To recoup student-loan debt, the government is leaving people who rely on Social Security with benefits that

fall below federal poverty guidelines, the Government Accountability Office said Tuesday.

The number of older Americans defaulting on education loans has steadily increased in recent decades, as many

have returned to college or co-signed loans for family members. Unpaid debt has resulted in the government

garnishing the benefits of 114,000 people age 50 and older in the past year, more than half of whom were

You'll Never Guess the Latest Victims of the Student Loan Crisis

Most debt you can get out of—painful as it might be. Credit card debt can be

cleared in bankruptcy. A mortgage can end in foreclosure. But student debt is

more sticky, and it turns out it can have big consequences in retirement.

Renold Zergat—Getty Images

2/20/2019 Retirement & Student Loans: Student Loan Crisis Affects Retirement Savings | Money

Student loan debt: Why employers may want to help payoff college loans

Employers eager to recruit and retain skilled workers in a tight labor

market have about 1.34 trillion reasons to expand their benefits

package to include assistance in helping employees repay their

student loans.









New work perk: Paying off student

loans  2:52 PM ET Thu, 14 July 2016 | 01:53

MARKETS BUSINESS CNBC TV MENU

2/18/2019 Student loan debt: Whyemployers maywant to help payoff college loans

There's a new way to instantly boost your credit score

A new credit assessment program could help millions of Americans instantly improve their credit scores, simply by adding data from their checking account.

Consumers who choose to use Experian Boost (an online platform set to launch early this year) give the company permission to access their online banking accounts to look at utility, cable TV and phone payments for the past 24 months. The entire process should take about five minutes and the updated FICO score is delivered to the potential lender instantly.

This New Program Will Pay$75,000 Of Your Student Loans

There's a new student loan repayment program - and it can help you repay student loans to the tune of $75,000.

Here's what you need to know.

New Student Loan Repayment Program

This new student loan program helps attack two epidemics in the U.S.: student loan debt and opioid addiction.

Student debt is depleting rural America

College students from rural areas are moving to big cities for higher wages to help pay off their student loans, according to new research from the Federal Reserve.

Why it matters: A "rural brain drain" has been pulling college-educated people out of rural America and into urban areas, deepening an educational and political divide that is increasingly coming to define the country.

Congress gives new hope for those who didn't qualify for Public Service Loan Forgiveness

Some student loan borrowers will get another chance to qualify for the Public Service Loan Forgiveness program.

Congress has set aside $350 million to help fix what lawmakers have called a "glitch" in the enrollment process.



Teachers, social workers, public defenders and others who work for the government or non-profits can qualify for student loan forgiveness after making 10 years of payments. But many who thought they were on track for forgiveness have since found out they were in a repayment plan that makes them ineligible for debt relief.

A Student Loan Fix for a Teacher, and Many Other Public Servants

In October, I wrote a column about Jed Shafer, a teacher in Oregon who found himself on the wrong end of the student loan repayment bureaucracy.

Mr. Shafer thought he was following the rules to qualify for the public service loan forgiveness program, and spent years communicating carefully with the loan servicers who collected his payments on behalf of the federal government. But it turns out he hadn’t been doing it correctly after all.

Three tips to keep your college student from drowning in debt

Student loan debt

Getty Images

Here's a secret to help your child grasp the real impact of student loan debt: Don't just think about the huge sum you've borrowed — focus on what you'll repay each month.

About 30 percent of college students said they feel confident with the financial terms associated with student loans, according to a survey by College Ave Student Loans. The lender recently polled 1,075 undergraduates.

Pages

"There is scarcely anything that drags a person down like debt."
– P. T. Barnum
"Nothing in life is to be feared. It is only to be understood."
– Marie Curie
"If we don't change direction soon, we'll end up where we're going."
– Irwin "Professor" Corey
"Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans."
– Robert Reich
“This would be a much better world if more married couples were as deeply in love as they are in debt.”
– Earl Wilson
The road to success is always under construction
– Lily Tomlin
“What I would like to do... once I take care of all my kids' student loans, is buy a red 1965 Mustang and fully restore it.”
– Mike Quigley