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By Krystin NicholsWestern Herald Sixty-seven percent of students graduating from four-year colleges and universities in 2008 had student loan debt. That represents 1.4 million students graduating with debt, up 27 percent from 1.1 million students in 2004, according to projectonstudentdebt.org. According to an article in USA Today, total student loan debt exceeds total credit card [...]
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Here’s a little something to add to that crowded to-do list: Arrange to make your first student loan payment. For college students who graduated in May, November marks the expiration of the six-month grace period on federal student loans and many private ones, too. That was a SHORT six months, wasn’t it, kids? Unfortunately, the [...]
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Plenty of Arizona college students might feel like they’re mired in debt. But relatively speaking, they have it easy. According to a new report from the Project on Student Debt, college seniors nationally who graduated in 2009 carried an average of $24,000 in student loan debt, up 6 percent from the previous year. Arizona seniors [...]
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The increase is similar to those of the past four years, the report said, despite the recession, probably because members of the class of 2009 took out most of their debt before the economic downturn began. “This consistent growth in debt over the last few years really adds up,” said Lauren Asher, president of the [...]
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An education loan is the only option for many students wanting to undertake college eduction. Often this loan runs into hundreds or thousands of dollars. An eduction loan can therefore be stressful on college graduates, especially since most students take up jobs with entry-level salaries. In such a scenario, the burden of the loan increases. [...]
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The state of Iowa fell two spots ” from second to fourth in the nation ” for average student loan debt carried by university and college graduates in 2009, according to an annual report released Thursday. Iowa ranked second in 2008, behind the District of Columbia, in the Project on Student Debt report, with average [...]
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Most students today have to take out at least one student loan in order to pay for the cost of their post-secondary education. Attending college or university is not cheap and even with most families having two working parents, it is still rare for families to be able to come up with all the money [...]
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College seniors who graduated in 2009 carried an average of $24,000 in student loan debt, up 6 percent from the previous year, according to a new study. Meanwhile, unemployment for recent college graduates climbed from 5.8 percent in 2008 to 8.7 percent in 2009 the highest annual rate on record for college graduates aged [...]
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I graduated from college two years ago with $115,000 in student loans. I’m paying off them off a little at a time, and when I need a reason to drink, I like to play with loan payoff calculators online, which tell me that, if my monthly payments stay as they are, I should be done [...]
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One of my greatest concerns about the way most students make their college financing decisions — and one of the key reasons I wrote Debt-Free U: How I Paid For An Outstanding College Education Without Loans, Scholarships, Or Mooching Off My Parents — is this: Very, very few borrowers fully understand the potential ramifications of [...]
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