Is Your Student Loan Debt Killing The Housing Market Recovery In The US?

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According to recent reports, the millenials already have to deal with huge amounts of education debt that they carried from college, a shaky job market and growing up during a time when MTV no longer plays good music videos. But the sad part is that they’re being blamed for holding back the real estate boom. Home builder adviser, John Burns Consulting, published details from a study concluding that...

Demystifying The Student Loan Bankruptcy Myth – Throwing Light On The Facts

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The age old belief that student loans can’t be discharged through bankruptcy is one that makes us cringe every time we see it. More and more parents and students are worried about their surging student loan bills as they fear to think about the consequences. Every one is of the opinion that unlike credit card debt or payday loan debt, student loan debt can’t be discharged through bankruptcy and...

Rates On Student Loans Just Went Up – How To Manage Student Loan Debt

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With the onset of July, 2014, students will have to pay higher rates on their federal student loans in the approaching school year. According to recent reports, undergraduates who will borrow new Stafford Loans will have to pay a rate of 4.66%. The rates on Stafford loans were 3.86% in the school year 2013-2014. Interest rates have been set for the next academic year and hence the new rates will be...

Get rid of the co-signer from your private student loan

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A co-signer is somebody who signs the loan with you, basically ensuring that he or she will cover the obligation if you neglect to pay. Obviously, it’s still your obligation, yet you and your co-signer are on the snare for it, so it will influence both your credit scores and records. Should you and your co-signer totally default on the credit, legitimate movement, including garnishments and liens,...

Student loan debt crisis: All the fun facts revealed

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The U.S is about to face yet another financial cliff and that is its ever growing student loan debt. As of 2013, it has already surpassed $1 trillion and counting. If you’re interested to find out more about the student loan debt crisis, then you may read along the remaining article. A. Debt larger than many nations – Presently, over 40 million citizens hold student debt. The population of...