According to the nonprofit American Student Assistance, there are approximately 37 million people with student loans in the United States today, and the average balance is about $24,000. Friends, this is not good debt. And Congress would like to double the student loan interest rate on federal student loans, starting in July. The terms on [...]
The Collection of Student Loan Debt Articles
Here is the collection of all the articles on student loan debt that I've written here at The College Investor. However, it's in chronological order. If you want a better resource, check out my Everything Student Loans page for more information on student loans and student loan debt. If you want the most comprehensive guide available, download my free eBook on student loans: Student Loan Debt: Getting in Smart, Getting out Painlessly.
The Best Way to Avoid Student Loans in College
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You could spend literal weeks on end scouring the internet for the elusive college scholarship. You may submit thousands of applications, write hundreds of essays, and do some really stupid things to try to win a college scholarship. For the vast majority of us these efforts may win us some money, but it will be [...]
Investing Student Loans – Is It Legal and Should You Do It?
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Investing student loans has been a hot button issue for many years. At the peak of the stock market in 2006, it was a commonly held belief that investing student loans was a wise and safe decision. Fast forward to 2013 with the bull market running in full force again, and investors are much more [...]
How Much Should Parents Help Their College Student Financially?
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A challenging question that most parents will face as their kids are ending high school is – how much should they help their college student financially? It’s a tough question, because with the rising cost of tuition (and room and board, and textbooks, etc.), the return on investment of education is starting to be pretty [...]
Changing Course: Going Back to School
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Although politicians and economists claim that the recent recession has been over for some time, many parts of the country have not recovered, and another recession is rumored to be on the horizon. Because entire industries have disappeared during recent years, formerly working adults have returned to school in record numbers. Popular Choices Health [...]
The College Freshman’s Guide to Money Management
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It’s finally here: The summer before your first year of college. As one chapter of your life closes and another begins to take root, it’s a prime opportunity to instill sound money management–and set yourself up for a lifetime of financial stability. As you decide which courses to take, start to find your textbooks, and [...]
Student Loan Interest Rates Doubling: A Bad Thing?
If you’ve been following the political news lately, you will have no doubt heard about the upcoming battle on student loan interest rates. Basically, Federal Student Loan interest rates were lowered 50% to 3.4% during the financial crisis. However, on July 1, 2012, they are set to go back up to their original 6.8%. What [...]
