The Obama Higher Education “Shake Up”
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by Tim Marshall
2y ago
On August 22nd, 2013, President Obama announced a new plan to help keep the costs of college down by providing prospective students with better information about which school to attend, forcing schools to provide more value to their students and changing the way that federally-funded student loan assistance programs work. His Administration is referring to this plan as a “Shake Up” of higher education, but that’s the understatement of the century if they can actually pull all of this stuff off. While George W. Bush focused on regime change in the Middle East, it seems like President Obama has ..read more
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Student Loan Interest Rates Increase
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by Tim Marshall
2y ago
As if the student loan debt crisis weren’t bad enough for borrowers already, it looks like the Obama Administration may fail to pass new legislation aimed to stopping the massive student loan rate increase that went into effect on July 1st. If the Administration is unable to stop the Stafford loan interest rate increase, then low and medium-income households will be forced to pay 6.8% interest on new Stafford loans, compared to the 3.4% interest that they’ve been paying for the last two years. The deal that President Obama’s administration is attempting to pass calls for Government-funded stud ..read more
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The Student Loan Bubble Ain’t Popping
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by Tim Marshall
2y ago
The student loan bubble doesn’t appear to be getting any smaller, which means trouble for our supposed economic recovery. While the stock market has been hitting all-time highs in recent weeks, so has total student loan debt in America. It’s hard to even find a reliable number other than the oft-repeated “$1 Trillion+” mark that we crossed in 2012, but it’s fair to assume that the weight of our student loans are definitely holding us back. Yahoo recently spoke to this fact in an article talking about how the student loan debt bubble is ruining the economy, holding people back ..read more
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Escaping Student Loan Debt via Credit Literacy
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by Tim Marshall
2y ago
College Students are Credit Illiterate One of the best ways to escape from crushing student loan debt is to improve one’s understanding of credit and financial subjects. If you don’t even understand how credit works, or if you don’t know how to set up a plan to pay back your student loan debt, while juggling rent payments, monthly bills and other expenses, then you have very little chance of ever actually getting out of debt. Perhaps the biggest problem with the student loan debt crisis is that most college students lack any real understanding of how credit works, and how ..read more
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Student Loan Debt Statistics
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by Tim Marshall
2y ago
The student loan debt crisis has grown into a full-blown pandemic, with potential repercussions that could destroy our economic recovery. To prevent financial disaster for the entire country, students should learn about debt management by improving their financial literacy. Here are some important facts that everyone looking to finance a college education needs to know. College Students & Their Credit Cards 91% of undergraduate students hold at least one credit card, which is a 76% increase from the rates reported in 2004. The average number of credit cards per student was reported as 4.6 ..read more
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The Student Loan Debt Crisis
Forget Student Loan Debt
by Tim Marshall
2y ago
The inflating bubble of student loan debt is not only a personal crisis for those of us attempting to pay back the costs of our education, but it’s also a national dilemma of epic proportions. While generations of high school students have been indoctrinated to believe that going to college is worth the investment, does that logic still apply? Here at Forget Student Loan Debt, we will attempt to prevent continued growth of this unnecessary bubble by making it clear that there are alternative options to racking up enormous levels of debt related to higher education costs by shedding light ..read more
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Avoiding Common Student Loan Scams During the Coronavirus
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by Tim Marshall
4y ago
How to Avoid Coronavirus Student Loan Scammers In this Guide, I’ll explain how to protect yourself from the many student loan scams that have become popular thanks tot he COVID-19 crisis, then I’ll explain the legitimate benefits programs on offer so that you can utilize those programs to help get real relief from your student debt! First, I want to point out that student loans are being heavily impacted by the Coronavirus public health emergency, and yes, there are all sorts of brand new benefits programs on offer. But any time that there’s a major change to Federal student loan ..read more
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Student Loan Forebearances & The Coronavirus CARES Act
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by Tim Marshall
4y ago
Should You Use a Student Loan Forbearance During the Cornavirus Crisis? In this Guide I’m going to explain how the Coronavirus (COVID-19) public health crisis has impacted student loan forbearances. I’ll go into details about how the new Coronavirus CARES Act has made forbearances more attractive than ever before, explain who should use them and how to use them. Once you’ve figured out forbearances and Coronavirus’s impact on them, I’d suggest taking a look at my other post covering Coroanvirus benefits programs, including: Coronavirus & Pausing Federal Student Loan Payments Coronavirus &a ..read more
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Questions About Student Loans and the Coronavirus
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by Tim Marshall
4y ago
Common Questions About the Coronavirus And Student Loan Debt Everyone is asking all sorts of questions about how Coronavirus is impacting student loans, and I’m here to help answer them all in one place! Thanks to the Coronavirus, there are several excellent new Federal Student Loan Relief Programs offering some fantastic benefits packages, including programs letting you: Pause Monthly Student Loan Payments for 6 Months Pause Student Loan Interest Accumulation for 6 Months Getting 6 Months of Free Credit Towards Forgiveness Benefits Avoid Federal Student Loan Debt Collection Activities for 6 M ..read more
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How to Use the Coronavirus CARES Act for Faster Student Loan Forgiveness
Forget Student Loan Debt
by Tim Marshall
4y ago
Using the CARES Act to Get Forgiveness Credit for Student Loan Payments You DON’T Make! NEWS ALERT: Updated March 30th, 2020 In this Guide I’m going to explain how you can use the new Coronavirus stimulus bill (CARES) to get credit for at least 6 monthly payments that will count towards your 120 or 240 required monthly payments to earn Federal Student Loan Forgiveness benefits! The way this system works is that the CARES Act allows you to pause monthly student loan payments and pause student loan interest accumulation, but still receive credit for having made those payments, even if ..read more
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