student loans

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Americans are getting back together...with their debt

Mar 12, 2013
Americans are reigniting their love affair with debt. Sure, it spurred a financial crisis. But it's also good for the economy.
Posted In: auto loans, student loans, debt

The trouble with refinancing a student loan

Feb 18, 2013
So why can't students cash in on these crazy low interest rates, anyway?
Posted In: student loans, refinancing, student debt

Refinancing my mortgage is easy: How about my student loans?

Feb 15, 2013
Campus Progress wants students to be able to take advantage of low interest rates available for mortgages and car loans.
Posted In: student loans, refinancing, Education, higher education

Universities crack down on delinquent student borrowers

Feb 5, 2013
Yale and other universities are suing graduates who did not pay back Perkins low-income student loans because the funds for new loans come from former students paying back their debts.
Posted In: Education, higher education, student loans

Student loans and bankruptcy

Sep 7, 2012
All kinds of loans can get dismissed in bankruptcy work, except for student loans. But there are some exceptions to this rule.
Posted In: student loans, bankruptcy

A bleak household financial picture

Jun 11, 2012
The financial toll on families from the dreadful economy of recent years is enormous.
Posted In: debt, Savings, net worth, family finances, student loans

Making college costs easier to understand

Jun 5, 2012
With interest rates on some student loans about to double, the Obama administration joins with colleges to provide clearer guidance on the real price of school.
Posted In: college, financial aid, student loans

Why I wouldn't tap retirement savings to retire student loans

May 30, 2012
I returned to graduate school and accrued about $45,000 in federal student loans. The interest rate on these 10-year loans is 6 percent, with repayment beginning in 2013. I also have a 401(k) worth about $100,000 (roughly $60,000 of my contributions and $40,000 of employer contributions). I realize that an early 401(k) withdrawal would result in a 10 percent early-withdrawal penalty and that any withdrawal would be considered taxable income. This would effectively reduce the amount the 401(k) would need to earn in order to be the better investment. Still, it can't be much less than 6 percent, can it? Is there anything about my assumptions that are wrong, or is there anything I am overlooking? Derek, Chicago, IL
Posted In: student loans, retirement savings, debt

Yes, take advantage of a rollover IRA

May 24, 2012
My wife and I have taught in Alabama public schools for the past 2 years and have made (forced) contributions to the state retirement system in that time frame. Together, we've got around $8,000 invested in the state retirement system. Realizing the limited income prospects for career teachers, we both applied and were accepted to a top 25 law school on full-tuition scholarship. My question to you is this: For my retirement account, I have the option of either a) taking a lump-sum payment of the $8,000, minus 20 percent in federal income tax, or b) rolling it over into a 401(k), IRA, or similar long-term savings plan. Should I take the money and run, or should I start building a retirement nest egg while I'm financing the rest of my life with borrowed money? Alex, Montgomery, AL
Posted In: Graduate school, law school, retirement savings, rollover IRA, IRA, student loans

Cash flow liberated by refinancing

May 18, 2012
My wife and I recently refinanced our home. We paid off the home equity line and the existing mortgage, and now our monthly payments are $500 less than they were previously. What should we do with these savings? Thank you. Jeff, Amherst, MA
Posted In: Savings, refinancing, retirement savings, student loans

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