Approximately 3.4 million parents owe money in the form of Parent Plus loans to assist with the college costs of undergraduate children. With the cost of a college education rising faster than free financial aid, more low and middle-income families are adding PLUS loans to their portfolios. Read more
Archive for month: December, 2017
For-profit colleges, universities, and technical schools have gained popularity among students, and controversy among regulators, over the last decade. Investigations have uncovered scandals among popular schools such as misrepresentation of employment opportunities after graduation. Read more
With the rising cost of college, turning to private scholarships is one way to reduce the dependence on student loans. However, there are many myths about college scholarships that set incorrect expectations and cost students money. Read more
While it continues to careen to new heights, a recent Forbes article highlighted the severity of the student loan debt crisis. As of the fourth quarter of 2016, students, including former students, accumulated over 1.31 trillion dollars in outstanding balances. Rising above both auto loans and credit card debt, trailing only mortgages. There are an estimated 44.2 million borrowers owing federal student loans, with the average graduate in 2016 leaving school with a debt of approximately $37,172.