The 6 Biggest Student Loan Debt Mistakes to Avoid
About $84 billion of the approximately $1.37 trillion in student loan debt that Americans owe is in default. Increasingly, student loan borrowers are finding it too difficult to repay and are simply defaulting. From loan inception to repayment, here are 6 student loan debts mistakes to avoid. Taking out too much Getting an education is smart. But not […]
Income Driven Repayment of Student Loans
If you are struggling to make the monthly payments on your student loans, consider an income driven repayment plan for your student loans. These programs should make your federal student loan payments more affordable, according to the Federal Student Aid Office of the U.S. Department of Education: Income-driven repayment (IDR) plans are designed to make […]
The DC Area Residents with the Highest Student Loan Debt
The latest research from WalletHub compares the average student loan debt to median income of residents in more than 2,500 U.S. cities. The research allows us to see who in the Washington, D.C. area has the highest student loan debt in comparison to income. The following table sorts D.C. area cities based on the ratio […]
Student Loan Forgiveness Could Narrow the Racial Wealth Gap
The racial wage gap is wider today than in it was in 1979. And according to this recent Washington Post article, student debt is exacerbating the gap. Student loans make it more difficult for to save money and accumulate assets. Targeted student loan forgiveness could narrow the racial wealth gap. Education levels directly influence both economic opportunity and […]