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Graduated payments - transitions: diploma debt.
Most new college graduates brought home a lot more than a diploma and worn textbooks this spring. They were shouldering a big load of debt--on average about $17,000 in federally guaranteed education loans, according to a recent study by the State Public Interest Research Groups' (PIRGs) Higher Education Project. That's double the debt level that students carried eight years ago and doesn't include other types of loans. What's more, 41 percent of graduating seniors also carry an average credit-card balance of more than $3,000.
Such daunting debts were not quite so worrisome during the dot-com boom a few years back, when grads easily found jobs with generous ...
- Rates on Federal Student Loans Expected to Fall to 37 Year Low According to...
- Press release article from: Business Wire May 7, 2003 700+ words
...interest rates on federal student loans will likely fall to the...consolidation of eligible federal student loans can mean a reduction in monthly payments of up to 56% -- possibly...adjusts the rates for federal student loans. As in years past, CFS...
- ALL Student Loan Corporation Announces Historically Low Fixed Interest Rate For...
- Press release article from: PR Newswire July 1, 2002 700+ words
...rates for former student borrowers who consolidate their student loans this summer. The new interest rates, effective today...allow student and parent borrowers to potentially reduce monthly payments by over 50% and save thousands of dollars in interest costs...
- ALL Student Loan Corporation Announces Historically Low Fixed Interest Rates...
- Press release article from: PR Newswire May 28, 2003 700+ words
...rates for student and parent borrowers who consolidate their student loans this summer. The new interest rates, effective July 1...allow student and parent borrowers to potentially reduce monthly payments by more than 50%, save thousands of dollars in interest...
- Interest Rates for Federally Guaranteed Student Loans Drop to New Low.
- Newspaper article from: Tallahassee Democrat (Tallahassee, Florida) (via Knight-Ridder/Tribune Business News) July 9, 2002 700+ words
...surprised by the cost of monthly payments on their student loans that they turn down the...more than $72 billion in student loans for more than 7 million...interest would be more, but monthly payments would be less. Students...
- Tapping home equity for college; Parents get flexibility, financial-aid breaks,...
- Newspaper article from: The Christian Science Monitor July 28, 2003 700+ words
...up to 4.25 percent). Most fixed rates for home-equity loans are higher, she says. For a range of student loans, monthly payments are deferred until six months after college graduation. But for PLUS loans, parents generally have to...
- New Opportunity to Pay Off Defaulted Student Loans
- Newspaper article from: U.S. Newswire January 13, 1995 700+ words
...opportunity to pay off defaulted student loans through monthly payments based on income -- or face...Kornfeld said. Collection of student loans by offset (or withholding...fiscal year 1994, defaulted student loans cost taxpayers some $2...
- Student Loans: Easing the Burden.(loan consolidation)(Brief Article)
- Magazine article from: Kiplinger's Personal Finance Magazine Siskos, Catherine November 1, 1999 700+ words
...reduce her monthly payments 40%, so...toward the student loans and still...plan for student loans calls for equal monthly payments and a ten...income; monthly payments are calculated...services student loans. But because...
- College Graduates Remain Unaware of Right to Consolidate Student Loans...
- Press release article from: Business Wire May 28, 2003 700+ words
...program to make repayment of student loans more manageable, yet...graduate with $17,000 in student loans could reduce monthly payments by approximately 38...scheduled consecutive monthly payments on time, and having their...