Stories Tagged as
Student loan debt
Pew: Student loan debt rises sharply
Sep 27, 2012
There’s a new report out today from the Pew Research Center with some startling statistics on student loan debt: It’s rising sharply in the U.S.
Affluent families take on more college debt
by
Amy Scott
Aug 9, 2012
More upper-middle-class families are borrowing for college so their children can attend high-tuition prestige schools.
Upper middle class sees the biggest jump in student loan debt
by
Jeff Horwich
Aug 9, 2012
The Wall Street Journal finds that upper-middle-income households with annual incomes between $94,000 and $200,000 are finding it more expensive to pay for college.
Older students lead loan delinquents
by
Amy Scott
Jul 18, 2012
Surprisingly -- or not so surprising -- 40- to 49-year-olds have the most delinquent student loan debt.
Former student debtor teaches others to manage money
Jun 1, 2012
A new report from the New York Federal Reserve Bank shows that student debt is up nearly 8 percent in just the last year. David Weliver, publisher of financial advice blog, Money Under 30, tells us his story.
vamapaull / Creative Commons
Your major may explain your debt
May 4, 2012
Commentator Peter Morici sees a link between what we study and what we owe.
Student debt burden hits $1 trillion
Apr 25, 2012
At $1 trillion nationally, student debt surpasses credit card debt and car loans, and it can be a serious drag on the economy.
For public good, not for profit.
Senator Dick Durbin on student loans and student debt
Mar 30, 2012
The amount of outstanding student loan debt in this country has reached $1 trillion. And if you scan the headlines this week, you'll find school after school raising tuition, which will almost certainly send that $1 trillion number up even further.
Student loan debt collectors under the microscope
by
Kai Ryssdal
Mar 26, 2012
Are debt collectors working for the Department of Education letting debtors know their rights? Bloomberg's John Hechinger discusses the rights of borrowers.
Emergency savings: Expenses or aftertax salary?
Mar 26, 2012
I'm a 36-year-old single professional in the DFW metroplex that tries to think long-term in my financial planning. I put 12 percent of my around $100,000 salary into my 401(k) with company match. Currently, the retirement fund is valued at about $100,000. I owe about $12,000 on my student loans (4.25 percent fixed interest, originally $80,000) and I have about 27 percent equity in my $180,000 town home. I recently refinanced my home at 4.125 percent for 15 years. My credit card debt is maybe $1,000.
After surviving a layoff well (due to a generous severance in the Great Recession), I was scared straight once I started working again. I now have about $15,000 in an emergency fund and next year's bonus will go to this, too. So I have three questions:
1) Do I need 6 months of bills or 6 months of salary after tax?
2) Should I park this in savings? Or is there a better financial instrument?
3) Is the emergency fund a higher priority than nuking the graduate school debt?
I appreciate your guidance. Keith, Plano, TX