student loan debt

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  My Student Loans Left on a Train From Chicago But When Will They Arrive in St. Louis?

  Question: Dear Steve, So, in 2016 I took out my first student loan! Only thing is, I was also unable to have my own bank account because I was “unable to sort my money the right way”....

  • Posted November 27, 2018
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  I Did Everything Right But My Student Loan Debt is Crushing Me

  Question: Dear Steve, Graduated with BA in American History from the University of Hartford in 2012 with 138k in loans, both private and federal. Paying approx $1300 per month since I graduated. I’ve done everything I was...

  • Posted November 26, 2018
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  Student Loan Debt Leads to Divorce

  It can come as no surprise the financial problems is a major cause of divorce. A marital split is an understandable outcome from substantial relationship pressure. CNBC is reporting 1 in 8 divorces are caused by student...

  • Posted July 30, 2018
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  Commercial Financier Willy Walker Paints Big Business View on Student Loans

  Willy Walker is the chief executive officer with the commercial financing and invest group Walker & Donlop. A recent interview with him by the Commercial Observer is just his opinion but it shows a different point of...

  • Posted July 12, 2017
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  I Live in Public Housing and Because of My Student Loans I’ll Never Get Out

  Question: Dear Steve, About 5 year ago I applied for College straight out of high school. I worked from 9am to 5pm, then attend school from 5pm to 10pm. While also begin a mother to a one...

  • Posted June 2, 2017
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  The Student Loan Bubble: Eerily Similar to the Home Mortgage Crisis

  A few months ago, Steve Rhode posted a thought-provoking blog titled “The Student Loan Bubble That Many Don’t Want to See.”  He argued that student-loan indebtedness is in a bubble that will soon burst, creating two huge...

  • Posted January 9, 2017
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  My Student Loan Debt Has Doubled And I’m Worried

  Question: Dear Steve, I have a student loan that has more than doubled in size, from 45,000.00 to now 98,000.00. My dad and I have tried to pay this off 3 times with no luck. I am...

  • Posted December 22, 2016
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  What Caused the Student Loan Debt Problem?

  By Mark Tetzlaff, JD, MBA, MAR Everyone agrees that student loan debt is spiraling out of control. Analysts cite many reasons, but offer few remedies. In my view, the reason for no offers of plausible solutions is...

  • Posted March 7, 2016
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  I Graduated From College With So Much Debt, There is No Hope

  Question: Dear Steve, I am over $150,000 in debt from students loans, approximately 100k is from private student loans, 4 separate loans, while the remainder is various federal loans. I am 24 years old and got this...

  • Posted January 13, 2016
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  We Are Suffocating in Student Loan Debt. It’s Killing Us.

  Question: Dear Steve, My husband and I have $260,000 in student loan debt, we’ve paid $35,000 toward this debt in the last 5 years and it’s gone up $30,000. My husband makes $36,000 a year (I am,...

  • Posted June 24, 2015
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  6 Student Loan Mistakes You’re Going to Make

  Student debt comes in all shapes and sizes, but everyone should be concerned with their student loans, whether their balances are big or small. It doesn’t matter if you have competitive rates and will be free of...

  • Posted March 12, 2015
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  3 Things I Hate About Student Loans

  Hate is a word I rarely use in my posts. I like to remain upbeat and inspirational. And then I read the latest report on Household Debt and Credit published by the Federal Reserve Bank of New...

  • Posted March 11, 2015
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  The Most Important Question to Ask Yourself Before You Take Out Student Loans

  At some point in your decision to go to college or get an advanced degree, you may need to ask yourself an extremely important question: How much money do I need to borrow? The key word there is...

  • Posted March 6, 2015
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  Should You Ever Take Out More Student Loan Money Than You Need?

  If you want to pursue a higher education, you have a lot of questions to answer: What degree do you want? Which school will you attend? How long will it take to finish? How much money do...

  • Posted February 26, 2015
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  The Way We Look at Student Loan Debt Is Dangerously Wrong

  Another calendar quarter has passed and the latest edition of the Federal Reserve Bank of New York’s Report on Household Debt and Credit is on the wire. As usual, there’s plenty of news to pick apart. Take,...

  • Posted February 25, 2015
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  How Parents Can Avoid Getting Crushed by the Student Loan Crisis

  Last summer Steve Mason, a senior pastor at Oasis Church in Redlands, California, gained national attention after inheriting his deceased daughter’s student loan debt. Mr. Mason’s daughter Lisa died suddenly of liver failure shortly after graduating nursing...

  • Posted February 24, 2015
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  These Student Loan Facts Make Me Want to Vomit

  The Federal Reserve Bank of New York just published information that makes me concerned for the financial future of consumers who fall into the student loan trap. Despite what people feel or say, there are still affordable...

  • Posted February 18, 2015
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  CFPB Takes Student Loan Problems Seriously

  Rohit Chopra is not only the Assistant Director for the Consumer Financial Protection Bureau but also the Student Loan Ombudsman there. As an example of how slow government can work at times is the slow pace of...

  • Posted November 22, 2013
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  Student Loan Debt Robs Many of Retirement

  A new report out by the public policy organization Demos, confirms what I’ve feared for too long. Student loan debt robs people of retirement wealth. The growing burden of student loan debt and the limited options to...

  • Posted August 20, 2013
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  The Explosion of Student Loan Debt in Pretty Pictures. OMG!

  For those dealing with paying for education using student loans here are a couple of excellent charts put together by a Raleigh neighbor and brainiac Doug Short. As you can see, the explosion or pole vault of...

  • Posted July 25, 2013
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  Student Loan Debt by Generation. Sorry Gen X and Millennials.

  Here is a nifty infographic showing the generational difference and growing danger of student loan debt. Looks like Generation X, those born between 1965 and 1984 is sinking fast. But more Millennials are loaded up with debt...

  • Posted May 31, 2013
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  Student Debt Kills Dreams

  The amount outstanding on student loan debt continues to increase past the point it blew the roof off how much people owe on all credit card debt. Imagine, people owe more in student loan debt which is...

  • Posted May 21, 2013
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• Is Suicide an Option to Get Out of Student Loan Debt? – Michael

  “Dear Steve, Student loan debt. Suicide as the option to get out. Do not want to work the rest of life thinking about this debt. If I cannot be free, I would prefer to be dead. I...

  • Posted July 18, 2012
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  Student Loan Debt Significantly Erodes Hope for Financial Future

  There is no good news about student loans. While everyone has had their eye on credit card debt, it’s the stupid student loans that are the exploding problem. Since student loans can’t be discharged in bankruptcy, once...

  • Posted July 18, 2012
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• How to Manage Student Loan Debt

  Count yourself among the privileged few if you finish college without accumulating a lot of debt. Unfortunately, the majority of college graduates have student loans to pay off. Depending on the amount of debt you’ve built up,...

  • Posted October 28, 2011
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• Student Loans – People Speak Out About Drowning in Student Loans

  Here is our latest video on debt. This time it’s all about the burden of student loans. Nothing says frustration like a lifetime of debt for a degree you never finished.

  • Posted January 18, 2011
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• Alex Went to Law School, Business School and is Now Buried in Student Loans

  “Dear Steve, I went to both law school and business school. I dropped out of law school after a year and a half but borrowed a lot of money for that time since law school is quite...

  • Posted September 27, 2010
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• I’m Supposed to Pay Her Student Loan But Can’t. – Stoney

  “Dear Steve, I am on unemployment and divorced and in the agreement I had to pay her student loan. First off she said it was mine but I never had a student loan when I went to...

  • Posted February 15, 2010
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• I’m Going to Take Out a Student Loan to Go to Nursing School – Sandra

  “Dear Steve, I am considering taking on a federal Stafford loan in order to go to nursing school at a private school. Tuition is $25,000-30,000. I am single, in my 40’s work full time. Should I pay...

  • Posted February 3, 2010
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• Medical Student Debt Leads To Thoughts Of Suicide and Burnout

  Having worked for years in the medical field I applaud anyone that decides that they want to become a doctor. But I’ve met my share of people that seem to have become doctors for “the money” or...

  • Posted January 22, 2010
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• I’m $211,000 in Student Loan Debt to Become a Lawyer. I Don’t Want to Be an Attorney Anymore. – Jacob

  Jacob “Dear Steve, I’m a 26 year old male who is a third year law student. I have a significant amount of debt. I have 26K in personal unsecured debt, and $211K in student loan debt. The...

  • Posted July 27, 2009
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• We Owe $191,000 in Student Loans And I Need to Go Back to School. – Rob

  “Dear Steve, Myself and my wife are both out of college. I went to a private university, big mistake as my mother tried to tell me, and now between the two of us we are about $191,000...

  • Posted April 2, 2009
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• I’m in My Second Year of Law School and Want to Drop Out. But What About My Loans? – Brad

  “Hi Steve – I’m currently in my second year of law school and am really thinking about getting out. I’m worried about the roughly $100k in student loans I’ll have to start paying back though, not to...

  • Posted March 30, 2009
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• I’m Buried in Student Loan Debt and not Even Finished with School. – Levi

  Levi “Dear Steve, I am finishing school right now after taking a two year hiatus. The problem is that I already have 60k in student loan debt and I am going to be pushing 75k by the...

  • Posted January 27, 2009
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• I Need Some Advice and Referrals For Bankruptcy and a Debt Financial Counselor. – Georgina

  Georgina “Dear Steve, I owe a total of about 130k in cc & student loan debt. Student loans account for 70k. not sure how to start repay or bankrupy. I’m just 2 years back in workforce now....

  • Posted January 22, 2009
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