NEWS

CORINTHIAN TO FORGIVE 480 MILLION IN GENESIS LOANS BUT WHAT ABOUT FEDERAL LOANS

Corinthian to Forgive $480 Million in Genesis Loans There is a showdown going on between the Department of Education and students at failing for-profit Corinthian Colleges, who want their loans to be forgiven. Student and consumer advocates are backing a group of 15 students who are refusing to pay back their student loans. Now, the …

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SENATORS ASK DEPARTMENT OF EDUCATION TO DISCHARGE STUDENT LOANS FOR EVEREST WYOTECH HEALD STUDENTS

Senators Ask Department Of Education To Discharge Student Loans While Corinthian Colleges — the failing revenue driven educator that owns for-profit colleges such as Everest University, Wyotech, and Heald College — deals with its sale to new owners, a few thousand of the schools’ students are left in limbo, unsure of who is in charge …

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SALLIE MAE CHEATED SOLDIERS AND OTHER BORROWERS ON STUDENT LOANS

Sallie Mae Cheated Soldiers on Student Loans Sallie Mae and its loan servicing unit have made a deal with federal authorities to resolve accusations that the nation’s top student loan company cheated active duty soldiers, as well as other borrowers that were being charged late fees. The two companies have more than doubled the amount …

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CAN PAYING OFF YOUR STUDENT LOANS LOWER YOUR CREDIT SCORE

Believe it or not, paying off your student loans completely can actually lower your credit score. Millions of people are in debt with student loans. The government kind of went a little trigger-happy in regards to student loans. Higher education is supposed to be a desirable investment, so the government decided to give just about …

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10 FINANCIAL LITERACY RULES YOU NEED TO BREAK AND WHY

Straight into their first year of college, most people don’t have any financial sense. They don’t to save money, much less use it properly. Here are 10 financial literacy rules you need to break and why. 1. You Need Half a Year of Living Expense in Savings This has been a golden rule for people. …

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THESE FIVE MYTHS CAN KEEP YOU IN DEBT LONGER

Everyone wants to be financially stable and free of debt. There are many financial dos and don’ts that people assume are always right, but unfortunately that’s not the case. Blindly following financial rules of thumb is never a good idea. Doing so could actually put you into more debt than you are already in. These …

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RETIREMENT ISSUES YOU MAY BE FACING TODAY

Hitting the age of retirement is something most people look forward to. After spending an entire adult lifetime of working to afford a place to live, food to eat, a car to drive, and maybe a yearly vacation, the thought of not having to be beholden to “the man” day in and day out is …

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HOW STUDENT LOANS ARE RUINING STUDENTS AND TAXPAYERS ALIKE

Our national debt is growing at a phenomenal rate. We are already at $1.2 trillion and counting. Time doesn’t seem to be solving the issue. Every year, the issue as a whole appears to be getting worse and worse. The graduating class of 2014 has an average debt of over $33,000. The 2015 numbers haven’t …

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WESTWOOD COLLEGE CLOSING DOWN

Potential  Loan Forgiveness Due to Recent Closure SAY GOODBYE ON THE WAY OUT Students, faculty and staff were informed Nov. 11, 2015, that the college had ceased registering new students. Unlike several other schools that shut their doors without heads up, leaving their students stuck, Westwood officers have stated they’re going to keep on training …

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