The coronavirus pandemic has only made the nation’s student loan crisis worse. Students and graduates alike are facing an employment shortage. Every week since March, over 1 million Americans have filed a jobless claim. It is unclear if these jobs will ever return under the cloud of a pandemic. The economy has contracted by nearly 33% and …
So you just got accepted to college? Congratulations! With the flood of excitement about going to school, you’re probably also concerned about how to pay for your degree. Did you know that in 2019, the average cost of tuition fees for private universities came to over $36,000? If you or your family doesn’t have the savings …
According to research, nearly 70% of college students take out loans to fund their education. Then, they graduate with an average debt balance of around $30,000. In some regards, the myriad loan solutions available to incoming students are an invaluable resource. This financial assistance can help students pursue higher education who might have missed out on such an opportunity otherwise. …
efore the coronavirus pandemic put down roots in the United States, student loans were inflicting financial damage. The American people are swimming in student loan debt. The total student loan debt held by the American people is over $1.4 trillion. Every second, over $2,800 in new student loan debt is accrued. Now, the coronavirus is disproportionately …
Another year passes and student tuition is still on the rise. In the period from 2008 to 2020, tuition increased by nearly 65%. Unfortunately, 40% of American students are turning their down their first choice for college due to the rising costs. A growing number of Americans are turning to student loans to help pay for …
In the 2019-20 academic year, an estimated 3.9 million students graduated from college in the United States. Are you preparing to begin your own collegiate this fall? If so, the costs can seem overwhelming. In-state public colleges cost an average of $10,116 per year to attend, while private institutions cost around $36,801 per year. Regardless of your financial standing, that’s far …
Getting a college education is expensive. If you’re like most college students, you’ll need financial assistance at some point. Applying for a student loan can be confusing. Knowing what type of loan you need, where to apply, and how much to borrow is a challenge. Knowing how to get the most benefit out of your …
Statistics show that student debt is the highest its ever been, reaching over $1.4 trillion, with the average graduate holding over $29,000 in debt. Other findings reveal that 40% of student loan holders may default on their debt by 2023, over 3 million seniors are still paying off their student loans, and student debt is a common denominator …
Student loan debt continues to impact the American people. Each year, millions of young Americans enroll in college. To pay for tuition and lodging, many require public and private student loans to pursue an education. The current amount of student loan debt in the United States is nearing $1.6 trillion. This figure will soon hit $2 trillion with …
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