Nestled along the San Diego coastline, Point Loma Nazarene University is a world away from Wall Street. But the Christian liberal arts college is at the forefront of financial innovation.
Last fall, Point Loma began offering some of its 4,500 students money to pay for college in exchange for a percentage of their future earnings. The model, known as an income share agreement, requires colleges and students to take a chance on each other, a shared responsibility that attracted Point Loma.
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.
The biggest issue that these young borrowers are missing is the fact that, at some point soon, they'll have to start repaying their loans each month.
Gov. Andrew Cuomo’s much-heralded new program for free tuition at state colleges comes with a huge catch: You have to sign years of your life away to get it.
Under a provision that was added to the tuition bill at the last moment, students who get a free ride at CUNY and SUNY schools must live and work in New York state for up to four years after graduation, or be forced to pay the money back.
The amendment — which was not part of
Cuomo’s original offer of free college for middle-class students — was added at the insistence of Republicans in the state Senate.
ALBANY — Gov. Cuomo on Friday unveiled set of measures intended to aid New Yorkers struggling with "exploding" student loan debt.
The proposals, which will be part of Cuomo's State of the State Address next week, include new financial disclosure requirements for colleges and universities, and new consumer protection standards for the loan industry.
ANN ARBOR, MI - The University of Michigan is paying the full tuition of around 1,700 in-state students this semester who qualified as the first recipients of the Go Blue Guarantee initiative the university approved last summer.
In a major victory for the movement to improve access to higher education, New York is set to become the only state that offers free tuition at four-year colleges.
Deemed the Excelsior Scholarship, the free tuition plan is included in the $163 billion state budget approved Saturday by the The Democrat-controlled Assembly. The Republican-led Senate will vote on the budget Sunday evening; and with Senate Leader John Flanagan (R-Long Island) supporting it, it’s likely to pass.
HUG is NOT refinancing, consolidation, settlement or bankruptcy. It will not damage or freeze your credit. Our typical client will be debt-free in half the time or less, including mortgage, credit cards, student loans and other types of debt obligations, compared to their current schedule. Most clients will pay less than 3% interest over all.
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The road to success is always under construction
– Lily Tomlin
"Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans."
– Robert Reich
"Nothing in life is to be feared. It is only to be understood."
– Marie Curie
“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
“This would be a much better world if more married couples were as deeply in love as they are in debt.”
– Earl Wilson
"If we don't change direction soon, we'll end up where we're going."
– Irwin "Professor" Corey
"There is scarcely anything that drags a person down like debt."
