Month: October 2021

According to information sourced from Education Data, student loan debt in the United States totals $1.73 trillion and is growing at a rate six times that of the national economy’s GDP.  That’s a staggering statistic, but this alarming trend is likely to continue due to the relative ease of taking out a student loan. Student…

On March 13, 2020, the United States Federal Government announced a brief memorandum on student loan debt in response to the COVID-19 pandemic. The memorandum and its implications certainly had borrowers confused as to what was to come. Labeled the “CARES Act” bill for student loans, was signed into law by President Biden. This student…

The student loan debt crisis has reached its peak in the United States. The Federal Reserve estimates that borrowers owed a whopping $1.7 trillion in the second quarter of 2021, a 3% increase from the second quarter of 2020.  Three percent may seem small, but that’s a big chunk of change when you’re dealing in…

Student loan debt in the United States is currently $1.6 trillion and is estimated to surpass $2 trillion by 2024. With 40% of debtors predicted to default by 2023, a significant part of student debt is unlikely to be paid off. While the cost of higher education continues to skyrocket, and employers expect to hire…

Federal student loan debt forgiveness can only help so much 100% student loan debt forgiveness was on the agenda much earlier this year but seems unlikely now as the near-term goals of the Biden administration become clearer. The bottom line is that if you are planning to take out a federal student loan under the…