The only thing wrong with student loans is that you have to pay them back.
Student loan debt had rocketed to 2nd place (behind credit cards) as the largest form of consumer debt.
Private student loans should be avoided at all costs.
We've actually got a Chelsea loan WhatsApp group. The loan department set it up. Sometimes it drains your battery when everyone is messaging each other.
Rising student-loan debt is an economic emergency.
What we are saying is that we need to consolidate the capacity to lend support. Because, one of the problems that's mentioned with regard to the Black Empowerment process in the case of small and medium business, is shortage of credit or difficulties of accessing credit.
High school seniors should receive help in how to think about a student loan and how to make sure that the education bought with the loan offers good prospects for repayment.
The most important loan to pay is your student loan. It's more important than your mortgage, car and credit card payments. You cannot discharge student loan debt in the majority of cases.
There is scarcely anything that drags a person down like debt.
Student loan debt is a real problem. People want to have serious conversations about that.
Rolling all of your debts into a single loan is a good idea - in theory. In fact, it can be a great idea.
The loans I took out for my undergraduate degree were manageable. But my legal education was more expensive, and I paid for it almost entirely through public and private loans.
The federal government requires that its loans be paid back within 10 years of graduation, and Harvard has pegged its loans to the same 10-year timetable. Yet despite Harvard's low default rate, the idea of years of loan debt is daunting for some students even before it's time to pay back.
Debt certainly isn't always a bad thing. A mortgage can help you afford a home. Student loans can be a necessity in getting a good job. Both are investments worth making, and both come with fairly low interest rates.
I have too many debts with the wrong people.
Mint's business model became, 'We'll go for free, and then we'll find these savings opportunities for you.' You know, better interest rate on your credit cards, when should you consolidate your student loans, when does it mathematically make sense to refinance your mortgage, and Mint figures all that stuff out for you.
Financial Aid Office (FAO) administrators are scrambling to educate students on repaying loans, but a disparity in knowledge persists.
Both on an individual and a national scale, debt imprisons.
Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans.
Homeowners refinance their loans when interest rates go down. Businesses refinance their loans.
You can get in and out of credit cards in a hurry. Not so easy to get in and out of mortgages.
Refinancing doesn't reduce your debt, it just restructures it, so be clear about what you want to achieve with a refi.
Ever since going up to university, I have accumulated new debt, and new means of becoming indebted.
If you're one of the millions of people who have student debt right now, I'll help you refinance your loans at better rates.
I had loans in law school.