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4 Options For Choosing Between Federal Student Loans
According to Federal Student Aid, borrowers don't start paying on federal student loans until after they leave college, while many private student loans require payment during college. Federal student loans often have low, fixed interest rates, while the interest rates on many private student loans are higher and subject to change. But there isn't just one student loan to choose from. Four federal student loans to consider; Direct Subsidized Loan, Direct Unsubsidized Loan, Federal Perkins Loan,...
Related topics : federal student loan / student college loan / low rate loans
Credit Karma Rolls Out Free Weekly Credit Reports (Yes Really)
Online credit monitoring startup Credit Karma is rolling out free credit reports. And no, it’s not a scam. Over the years, consumers have been burned by websites offering “free” credit reports which had more than a few strings attached. Credit Karma, through a partnership with TransUnion and VantageScore, a scoring system for all three credit agencies has been providing users with updated credit scores on a weekly basis for some time. Based on your own credit history and profile, Credit...
Related topics : consolidation loan credit karma
Student loan forgiveness for 400,000 disables Americans
On Tuesday, the U.S. government announced plans to forgive the student loans of 387,000 permanently disabled American borrowers. Their loans are worth approximately $7.7 billion according to a government estimate. Under the Higher Education Act, many disabled students are already eligible for loan forgiveness, and are simply not aware of the opportunity to have student debt erased the U.S. Department of Education said in a statement. Over 175,000 of students eligible for loan forgiveness are...
Related topics : student loan forgiveness act / student loan education
U.S. Consumer Agency Slams Student Loan Servicers
The U.S. consumer watchdog reported widespread failures in the servicing of student loans on Tuesday and urged new rules to protect borrowers. Among the problems cited by the Consumer Financial Protection Bureau: inaccurate loan statements; refinancing delays that kept borrowers in high-rate loans; lost payments; and surprise late fees. Richard Cordray, director of the Consumer Financial Protection Bureau, said in a statement, "With one out of four student loan borrowers struggling to repay...
Related topics : student loan servicing
Utah Police Officer Killed
According to reports, a police officer was killed in the Salt Lake City suburb of West Valley City. It happened early Sunday morning and three suspects are in custody. West Valley City police said in a Twitter update, "It is with deepest sorrow that we report we have had an officer killed this morning." The update added that a ground search of the area was underway. No further information was immediately available. This is a developing news...
Related topics : utah west valley city
Warren Aide Defends Not Disclosing Certain Financial Materials
Warren, meanwhile, continues to skirt congressional ethics laws by failing to include a $1.3 million line of credit against her Cambridge, Massachusetts, home on financial disclosure forms. An aide for Warren, who is worth millions, defended the omission, stating at the time that a home equity line of credit like the one that Warren received from Bank of America doesn’t have the same reporting requirements as a typical home mortgage, which would have to be...
Related topics : line of credit home equity
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