Some stories about Student Loans. In the past, I have written about student loans. If in the end, you can pay them off with little delay, you are golden. The problems arise when a student can not find a decent paying job. It becomes a matter of what do I have for dinner as there […]
Pick One or Face the Consequences. Either Way, You Will Be Worse Off. Rough roads for Students having student loans. But what is unusual about this? The answer is “nothing.” For decades, student loans have become the cross to bear (if needed) to gain a college education. If you have been keeping track of Angry […]
While living in Michigan, I was invited to a Garden Party featuring Senator Debbie Stabenow. Being the person I am, I asked on behalf of student having such loans what she was going to do to grant relief to students who are behind, experiencing economic issues, swindled into taking loans to achieve capabilities which do […]
I would guess most people do not know what it takes to pay off a student loan. Many of them are quite large. And over time a newly hatched employee just out of college will be paying a lot more than in the past. I do not believe the payment is proportional to the past […]
The result of the governmental cuts to employees in the Department of Education has resulted in many students having loans unable to contact the department in a timely basis. The action of the DE is to place them in a delinquent status. Few can afford to pay for a college or technical school education. What […]
“Student loan debt swelled under Biden, despite historic forgiveness,” CNBC Some Factoids: Student loan debt grew during the Pandemic Former President Joe Biden forgave more student debt than any other president. However, the country’s education debt tab still grew during his presidency. Much of this is due to interest incurred during the pandemic Outstanding federal student debt stood at […]
Oops my mistake. There is no sanity to student loans lasting a lifetime. Not when every other loan people have, get in trouble with, is forgiven through bankruptcy. It does not matter when or what they do is stupid, miscalculated, abused, spent unnecessarily, etc. The loans are forgiven. The only difference here is a student […]
As of May 24, 2024, the SBA had forgiven over 10.5 million PPP loans to businesses, totaling ~$800 billion. Another 37,938 owe an ~ $4.6 billion) and are labeled potential clawback or a code 70 (potential claw back). Not so for student loans. These are the people who should have greater productivity at a younger […]
I did this a couple of years ago. What you are looking at is the current Student Loan Debt carried by former students. Also included is the ages of each group of students. I am using 2025 Quarter 1 numbers owed for the 50- to 61-year-old former students and also the 62 and older students. […]
Start to cancel some of the loans instead. Student loan debt is now the second-highest consumer debt category after mortgages. Student loan debt in the United States totals $1.777 trillion; annual growth resumed in 2024 following a year-over-year (YoY) decline in 2023. Additional Information Federal Student Loan Portfolio | Federal Student Aid Table of Contents Student Loan Debt […]