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Saturday, November 28, 2020

All articles tagged Student Loans (5)

With Student Loan Debt at an All-Time High, Proposed Solutions Range from Bankruptcy Code Changes to Forgiveness

With Student Loan Debt at an All-Time High, Proposed Solutions Range from Bankruptcy Code Changes to Forgiveness

In a Nutshell: Total student loan debt in the U.S. has tripled since 2005 and currently stands at $1.6 trillion. Financial experts are studying both how we reached this critical level and how to best address the issue. Some Democratic presidential hopefuls are calling for partial or full student loan debt forgiveness while others don’t believe this is the answer. The American Bankruptcy Institute is one of the many organizations to address the issue with its 2019 Consumer Commission... read more »

$18K+ Average Savings: Credible’s Student Loan Marketplace Empowers Borrowers with a Variety of Rate Options

$18K+ Average Savings: Credible’s Student Loan Marketplace Empowers Borrowers with a Variety of Rate Options

In a Nutshell: With millions of Americans carrying student loan balances in the tens of thousands of dollars, the need for manageable repayment options continues to grow. Credible.com, the online student loan lender marketplace, works to help users understand their student loan options, including loan origination and refinancing. By providing access to an entire network of vetted lenders, Credible has helped over 130,000 users, with those who refinance through Credible into a loan with... read more »

Student Loan Hero — Helping Shrink Student Loan Debt with Customized Repayment Options

Student Loan Hero — Helping Shrink Student Loan Debt with Customized Repayment Options

In a Nutshell: Andy Josuweit created Student Loan Hero to help make sense of the student loan repayment process. With nearly 70 percent of students graduating with some amount of debt, the average hovering close to $30,000, Josuweit wanted to make it easy to organize and create payment plans for every student loan. With Student Loan Hero, recent graduates can make sense of their loan bills and actually work toward getting out from under crippling college debt. // Standing in his... read more »

With Your Interests in Mind, CommonBond Funds the Education of Students From All Walks of Life

With Your Interests in Mind, CommonBond Funds the Education of Students From All Walks of Life

In a Nutshell: CommonBond refinances student loans in a simple online process. Customer-friendly and community-minded, the team at CommonBond assists students across the nation and around the globe. This company is more than just a transaction. Using a one-for-one model, for every loan it funds, CommonBond will fund a child's education in Ghana. This Social Promise sets CommonBond apart from the typical lender and underscores the company's overall commitment to funding education... read more »

Grads Can Save Nearly $19K with SoFi: The First Marketplace Lender to Offer Student Loan Refinancing

Grads Can Save Nearly $19K with SoFi: The First Marketplace Lender to Offer Student Loan Refinancing

In a nutshell: Graduates who used student loans to fund their education face an average of $33,000 in resulting debt. Throw in a graduate school degree and the debt can easily exceed $100,000. Furthermore, many of those grads pay interest rates of up to 7 percent or higher on their loans. SoFi, a leading marketplace lender, stepped in to alleviate some of that financial strain by establishing the first student loan refinancing model in 2011. With variable rates as low as 2.14 percent,... read more »