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How Income Share Agreements Are Better than Government College Loans

It’s too bad that Uncle Sam ever got into the college-financing business. The feds have no constitutional authority to lend money to students (or anyone else) and millions of students have gotten themselves deeply in debt for education of dubious value. Easy federal loans were essential in fueling the “college for everyone” movement that has raised the cost and degraded the educational value of earning a degree.

All the Ways You Can Get Your Student Loans Forgiven

With the average student loan balance hitting $29,800 for the Class of 2018, you’re probably looking for any help you can get paying off your debt. And if you meet certain requirements, it’s possible to have a portion of your balance forgiven.

Not everyone qualifies for forgiveness: If you have private loans, for example, you’re on the hook to repay the full amount, and every forgiveness program has strict requirements. You shouldn’t count on forgiveness to get your debt under control, and you should never pay anyone who promises to get your debt forgiven—it’s likely a scam.

Obtaining Student Loan Discharges Under The Public Service Loan Forgiveness Program Could Be Harder For Attorneys

The Public Service Loan Forgiveness (PSLF) program began in 2007 with the intent of providing a financial cushion for those who chose to work in public service. You make 120 months of income-based payments while working for a qualified organization (such as the government or a 501(c)(3) entity). Upon completion, the remaining balance of your federal loans are forgiven without having to pay income tax on the debt cancellation.

HauntedbyStudent Debt Past Age50

The experience of being crushed by student debt is no longer limited to the young. New federal data shows millions of Americans who are retired or nearing retirement face this burden, as well as the possibility of having their Social Security benefits garnished to make payments.

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

Learn How to Transfer Parent PLUS Loans to a Child

When it comes to helping Neela Hummel's mother-in-law repay the parent PLUS

(https://www.usnews.com/education/best-colleges/paying-for-college/student-

loan/articles/2010/08/17/parent-plus-loans-frequently-asked-questions) loans she borrowed years ago for

What's a Good SAT Score?

When it comes to determining a good SAT score for college applications, the answer depends on a student's ambitions.

The SAT, an admissions exam many colleges and universities require of applicants, is administered by the College Board and scores students on a scale of 200 to 800 for various sections. The new SAT was released in March 2016 and tests students on evidence-based reading and writing and math, with both sections worth a maximum score of 800 each. The essay portion is optional.

My son's student loans are killing my retirement. What can I do?

Q. To assist our son in fulling his dream of becoming an Air Force pilot, we took out a Parent Plus loan to cover his tuition. We borrowed $90,000 over four years. Is there any write-off we can take? It's tough paying $1,200 per month and almost $1,100 goes to interest. It's killing my retirement.

-- Retirement-poor

A. You son is very lucky that you took out loans on his behalf.

Hopefully the day will come when he can help you with the payments.

Student loan debt crushes senior citizens

Americans older than 60 are saddled by student loan debt worth a whopping $86 billion — a figure that rose 161% between 2010 and 2017, the largest increase out of any age group, the WSJ reports.

CLEP Basics Passing a CLEP exam will get you college credit and a head start on earning your degree.

What is CLEP?

CLEP (the College-Level Examination Program®) offers 33 exams that cover intro-level college course material. With a passing score on one CLEP exam, you could earn three or more college credits at more than 2,900 U.S. colleges and universities.

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The road to success is always under construction
– Lily Tomlin
"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
"There is scarcely anything that drags a person down like debt."
– P. T. Barnum
“This would be a much better world if more married couples were as deeply in love as they are in debt.”
– Earl Wilson
“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