Student Loans

FILE- In this March 14, 2019, file photo students walk on the Stanford University campus in Santa Clara, Calif. Before student loans, people who couldn’t afford to go to college usually didn’t. Even though tuition was cheaper, it was still cost-prohibitive for many, who turned to solutions such as working through school, getting help from their parents or finding scholarships. (AP Photo/Ben Margot, File)
April 04, 2019 - 11:38 am
College tuition was less than what today's students pay for textbooks when Caron and Jack Knopoff attended Chicago's Wright Junior College in the mid-1960s. Tuition at what is now Wilbur Wright College was $24 per credit hour, Caron Knopoff says. To cover this cost, the couple, who were dating at...
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In this Sunday, March 24, 2019 photo a passer-by walks on a pedestrian walkway, in Boston's Seaport district. At the end of 2018, 18- to 29-year-olds carried over $1 trillion in debt, according to the Federal Reserve. That’s the highest level since 2007. “Understanding your options and making a plan is imperative,” says Billy Hensley, CEO of the National Endowment for Financial Education. “Anyone doing that is going in the right direction.” (AP Photo/Steven Senne)
March 26, 2019 - 9:05 am
The saying that debt is easy to get into and hard to get out of hits home for younger Americans: At the end of 2018, 18- to 29-year-olds carried over $1 trillion in debt, according to the Federal Reserve. That's the highest level since 2007. "Understanding your options and making a plan is...
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Foto de abril del 2017 de la columnista de NerdWallet Liz Weston suministrada por esa firma. (NerdWallet via AP, File)
March 11, 2019 - 10:58 am
Millions of Americans get their health insurance and retirement accounts through their employers. Now some are getting help with their debt. Companies including insurer Aetna and accounting firm PwC help employees pay down student loans. Others partner with startups to offer debt solutions as an...
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FILE- In this June 15, 2018, file photo, twenty dollar bills are counted in North Andover, Mass. Default on your federal student loans and the government can take up to 15 percent of each paycheck to satisfy your debt. The Education Department can also withhold federal benefits like tax returns and Social Security payments. Garnishment is an effective tool to recoup unpaid loans, private collection agencies enlisted by the Education Department took in over $841.6 million via wage garnishment in the 2018 fiscal year, but it inflicts serious financial strain on borrowers who are already struggling. (AP Photo/Elise Amendola, File)
February 05, 2019 - 9:14 am
There's a dirty little secret of the student debt crisis. One that affects millions of borrowers, but isn't talked about at dinner tables, on social media or in think pieces about student loans. The taboo topic is wage garnishment and it works like this: Default on your federal student loans and...
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Anthony Spencer, whose wife, Chastity, right, is a furloughed federal worker, holds his daughter, Sydney, as they wait in line with others who are affected by the partial government shutdown for Philabundance volunteers to distribute food under Interstate 95 in Philadelphia, Wednesday, Jan. 23, 2019. (AP Photo/Matt Rourke)
January 23, 2019 - 5:14 pm
WASHINGTON (AP) — At this time of year, John Sprinkle and his wife would normally be planning their summer vacation. Not now. Sprinkle, a furloughed federal employee, is about to miss his second paycheck since the partial government shutdown began just before Christmas. With no end in sight to the...
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FILE - This April 2017 file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)
January 23, 2019 - 8:39 am
Tyler Luker of Plano, Texas, is a high school junior who already knows which college he wants to attend (University of Missouri), how much it costs ($43,300 for out-of-state residents) and how much he can expect his single mother to contribute: nothing. "That's protecting my retirement," says...
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FILE- This Jan. 8, 2015, file photo shows a row of chairs with the "Pitt" logo, for the University of Pittsburgh before an NCAA college basketball game in Pittsburgh. The University of Pittsburgh is offering graduating seniors up to $5,000 in federal student loan relief with one request: They pay it forward. The school’s new program, Panthers Forward, will help recent graduates chip away at student debt and introduce them to alumni mentors to encourage professional development. Students have no obligation to repay the gift, but the university is encouraging recipients to make financial contributions to sustain the program. (AP Photo/Keith Srakocic, File)
January 17, 2019 - 9:57 am
With collective U.S. student loan debt nearing $1.5 trillion, some colleges are testing innovative solutions to help reduce student borrowing. Using no-strings-attached student loan payoff-assistance programs, college loan alternatives and annual student debt letters, these three universities are...
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This September 2018 photo provided by Nerdwallet, Urban Adams and his daughter pose for a photo in Canton, N.Y. Sofie considered several schools before taking an academic scholarship and an offer to play this fall for St. Lawrence University, a 2,500-student private college in upstate New York with a study abroad program. (Urban Adams/NerdWallet via AP)
November 15, 2018 - 10:06 am
A four-year journey to decide where to go to college ended for Sofie Adams when a college recruiter approached her after a softball game and asked, "Do you want to study abroad?" "No one else had asked me that, and yes — I really do want to get overseas," says Adams, 18, who considered several...
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FILE- In this April 3, 2017, file photo U.S. Army soldiers march in formation during a change of command ceremony at Joint Base Lewis-McChord in Washington. If you’re a veteran with student debt, you have repayment rights unique to military service members that can keep you on track and out of default. (AP Photo/Ted S. Warren, File)
November 09, 2018 - 12:23 pm
If you're a veteran with student debt, you have repayment rights unique to military service members that can keep you on track and out of default. Federal student loan default occurs after nine months without a payment. Late notices turn into collection calls, and your creditor - the government -...
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Lorelei Salas
Peter Haskell/WCBS 880
October 19, 2018 - 1:35 pm
New York City is suing one of the largest for-profit colleges in the state.
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