Start-up Student Loans Company Pair Shortlisted For National Award – Coventry Telegraph

Two years on, the start-up has been nominated in the Alternative Lender of the Year category for the Credit Today Awards 2014. The brainchild of former Warwick University student Tom Parks and his old schoolmate Shreiff Benaziza, the idea for the company came about after student loan forgiveness for nurses Shreiff suffered a bad experience while at university. He explained: I needed a bit of extra money. My bank refused to extend my overdraft and I didnt want to go to my parents so I ended up using a short-term loan firm. It was just a disaster. The reason is different he says is because it cares about the people it lends money to. <br>Source: <a href='; ></a&gt;

The $1.1 Trillion Student Debt Burden Is Paralyzing a Generation

So, it definitely seems noticeable, he said. At the other end of the spectrum is Zbylut, an accountant-turned-attorney in Glendale, Calif. Hes been chipping away at nearly $160,000 in student debt since graduating in 2005 from law school at Loyola University in Chicago. Now 48, the tax attorney estimates he could have $150,000 to $200,000 in a 401(k) had the money hes paid toward loans gone there. Im sitting here in traffic. <br>Source: <a href='; ></a&gt;

$1 trillion student loan debt widens US wealth gap

They are also the best educated generation but they have paid dearly for that distinction, graduating with an average debt load of $27,000. College grads are concerned about their high levels of debt, and are worried about paying it back. The Urban Institute found that 57% of those with student loans said that this issue concerns them, with those making the least money under $25,000 annually being the most worried. A study by Wells Fargo found a similar result, with 36% of Millennials polled admitting that student debt is their primary financial concern. Some even question the value of taking on so much debt: nearly one-third said that they now feel they would have been better off skipping collegealtogether. <br>Source: <a href='; ></a&gt;

3 Dumb Student Loan Myths That Can Bankrupt Smart Borrowers – Forbes

Smith, an attorney who works with the National Consumer Law Center, estimates that "thousands and thousands" of former students fall in that category. The U.S. Department of Education proposed rules last month that target career colleges, an industry buffeted by criticism and lawsuits. The proposal would apply to most coursework at for-profit colleges, plus the certificate programs at public and nonprofit institutions. It sets a cap for those schools on the rate at which former students default on their loans and on how much loan payments can take from typical graduates' projected earnings. Colleges that fall short no longer would be eligible to receive students' federal aid, the predominant source of revenue for most for-profit institutions. <br>Source: <a href=',0,6952592.story&#039; >,0,6952592.story</a&gt;

Loan debt from bad schools haunts former students –

There are many different ways that you can repay you loan, and there is always one that will fit your budget. In fact, with certain types of student loans, you can even get student loan forgiveness under certain repayment plans if you simply cant afford it. So, dont simply settle for the Standard Repayment Plan if you cant afford it. Contact your lender and see what other options are available to you based on the loan type you have. Myth #3: You Have To Pay Someone To Get Help Repaying Your Student Loans Finally, the myth that frustrates me the most is where an advisor or company wants you to pay them a fee to help you with your student loan debt. <br>Source: <a href='; ></a&gt;


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