Markets

Here’s how much the typical American family has saved up for college

About 56% of American families with children have started saving for college, according to a new study from Sallie Mae. Among families with savings, the average amount saved was $US18,135. Families with higher incomes, those with children closer to college age, and parents with bachelor’s degrees tend to have more […]
Here’s how much the typical American family has saved up for college
Markets

US Army Nurse Goes To Bat For Servicemembers Preyed On By Student Lenders

[credit provider=”Photo: Courtesy of Elizabeth Mondo”] When nursing school graduate Elizabeth Mondo found herself saddled with $210,000 worth of student loan debt and jobless in early 2009, she took the only path that made sense — military service.”I couldn’t find a nursing job to save my life, and the economy […]
US Army Nurse Goes To Bat For Servicemembers Preyed On By Student Lenders
Markets

Half Of All Private Student Loan Complaints Target One Lender

[credit provider=”Getty Images/David McNew”] Of the 2,857 private student loan complaints that have poured into the Consumer Financial Protection Bureau’s mailbox since March, Sallie Mae has proven the most popular target by far.The private lender was named in just under half of all complaints –– 1,145 in total, according to […]
Half Of All Private Student Loan Complaints Target One Lender
Markets

Here’s How Private Student Loan Debt Became A $150 Billion Burden

[credit provider=”CFPB” url=”http://files.consumerfinance.gov/f/201207_cfpb_Reports_Private-Student-Loans.pdf”] A perfect storm of risky lending practices and lax underwriting practices by higher education institutions has caused private student loan debt to swell to $150 billion, according to a new report.In its latest study on private student loans, the Consumer Financial Protection Bureau  completes what up until […]
Here’s How Private Student Loan Debt Became A $150 Billion Burden
Markets

Sallie Mae’s New Fixed-Rate Student Loan Option Should Freak Congress Out

[credit provider=”(AP Photo/Rich Pedroncelli)”] In another sign the private loan industry is looking to tidy its tarnished reputation, the nation’s largest private education lender, Sallie Mae, has introduced its first ever fixed-rate student loan. Variable interest rates are one of the most common arguments made against private student lenders, as they […]
Sallie Mae’s New Fixed-Rate Student Loan Option Should Freak Congress Out