President-elect Donald Trump didn’t say much about improving college affordability during his campaign, but he has addressed repayment plans for the millions of graduates saddled with mounting student loan debt….
Nationally, about seven in 10 (68 percent) seniors who graduated from public and private nonprofit colleges in 2015 had student loan debt, a similar share as in 2014.
Those ITT students who left the school within the last 120 days would be eligible to have federal loans for their ITT education forgiven if they want to start over at another school.
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.