Susan Tompor Detroit Free Press Published 7:00 AM EDT Aug 9, 2019 Asabe Danpollo, 24, has one of those dream jobs that more young professionals are yearning to get. As part of the perks of working at PwC, her company promises to pay $100 a month toward her student loan debt. The offer covers up to six years — potentially knocking off up to $7,200 in principal. The total value is more since another $2,800 or so in interest could be eliminated, too. "Most of my debt comes from my master's program," said Danpollo, who earned an undergraduate degree in accounting from Michigan State University in 2016 and later a master's degree in strategic management in Ireland from University College Dublin. Danpollo, who comes from a family of seven children, said she put herself through college. She kept a lid on her undergraduate costs by working at the MSU library for a year and being awarded scholarships as part of the Michigan State women's rowing team. She … [Read more...] about The right job can help you pay down your student loans
Help paying student loans
Susan Tompor Detroit Free Press Published 7:00 AM EDT Jul 25, 2019 Student loan debt is no doubt a drag on the U.S. economy, holding back how much money young consumers can spend on cars, homes and even invest in 401(k) plans or new businesses. But the debt crisis is giving an early kick start to the 2020 Democratic presidential race. One candidate after another has generated some buzz by offering up one freebie or another for tackling $1.5 trillion in student loan debt. The political rhetoric reflects the ongoing financial anxiety. So it wouldn't be surprising to hear more about student loans during the second round of Democratic Party presidential debates comes to Detroit on Tuesday and Wednesday, hosted by CNN. Dealing with old student loans has become so overwhelming for many families that it has now somehow risen to the level of, say, climate change or criminal justice reform. Why student loan debt is a hot topic Sure, … [Read more...] about Can 2020 o election help you shed student loan debt?
“We think it’s going to bring Texas great dividends. Just think how fast we are growing,” Wilkison said. “We are going to need more and more officers. And we are going to need them to be young folks that are highly trained and we’re going to need them to stay in the profession.”Dallas Assistant Chief Angela Shaw said she is “excited for any tool that the state can give us” to boost recruiting. The change would also help attract more officers within the state, Shaw said.Shaw said police have recruited on college campuses and found many students have concerns about “the totality of circumstances” that comes with the job, including pay, pension benefits and their ability to repay debt.“There’s a lot of public interest in how we do our job and I think that puts pressure on individuals wanting to come into the profession,” Shaw said.Increased starting pay has helped the department attract more applicants, but Shaw … [Read more...] about Texas lawmakers propose student-loan repayment as incentive as Dallas, other cities face staffing shortage
NEW YORK - One of the nation's largest student loan servicing companies may have driven tens of thousands of borrowers struggling with their debts into higher-cost repayment plans. That's the finding of a Department of Education audit of practices at Navient, the nation's third-largest student loan servicing company. The conclusions of the 2017 audit, which until now have been kept from the public and were obtained by The Associated Press, appear to support federal and state lawsuits that accuse Navient of boosting its profits by steering some borrowers into the high-cost plans without discussing options that would have been less costly in the long run. The education department has not shared the audit's findings with the plaintiffs in the lawsuits. In fact, even while knowing of its conclusions, the department repeatedly argued that state and other federal authorities do not have jurisdiction over Navient's business practices. "The existence of this audit makes the Department of … [Read more...] about Navient’s student loan practices raise questions in federal audit
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 - can take you to court and even garnish your paycheck. Once you default, you'll no longer qualify for repayment plans that could make payments manageable. Understanding your options can help reduce the risk of default. HOW VETERANS END UP WITH STUDENT DEBT "Some student are unsure how to fully access their benefits or what programs they're eligible for — that could lead them to borrow and leave benefits on the table," says Colleen Campbell, associate director for postsecondary education at the Center for American Progress, a public policy think tank. Veterans often take out student loans after exhausting their Post-9/11 GI Bill benefits , which cover tuition and fees and include a monthly … [Read more...] about How military service impacts student loan repayment options