The average student loan balance of Millennial rental applicants reached $31,900 in 2015, CoreLogic said.
Under the partnership unveiled July 21, Wells Fargo had agreed to discount half a percentage point from its interest rate on student loans to Amazon “Prime Student” subscribers.
Pence lists seven outstanding federal “Parent PLUS Student Loans” on his financial disclosure form. He owes somewhere between $95,000 and $280,000.
The information sessions required by the federal government or schools are inadequate and need to be more personalized, experts say.
Out of the 11.6 million jobs created in the post-recession U.S. economy, nearly all, or 11.5 million, went to those with at least some college education.
This means that 75 percent of student loan borrowers in this age group did the right thing by going to college because they increased their monthly take home earnings by $401 or more.
These options will help many student-loan borrowers establish monthly payments they can afford.
An additional 250,000 students who attended Everest and Wyotech schools in 24 states, part of the Corinthian College network, will have the opportunity to have their student loans forgiven.
The U.S. Consumer Financial Protection Bureau (CFPB) said it requested a final judgment and order that would shut down the company that has charged borrowers millions of dollars in illegal upfront fees for federal student loan services.
President Obama is now seeking to index the Pell Grant to inflation indefinitely with mandatory funding, which the administration says will cost $33 billion over 10 years.