Entering young adulthood saddled with debt has become standard for many who want an undergraduate degree, sometimes to the tune of tens-of-thousands of dollars. Around 45% of 2025 high school graduates will go on to a four-year college, according to NerdWallet analysis, and more than one-third of them will take on student loans to pay for their
The Illinois state treasurer’s office is launching a new private loan program for students attending Illinois colleges and universities. The Funding U Illinois No-cosigner Loan is open to Illinois residents attending public or private institutions. The fixed annual percentage rate ranges from 7.99% to 9.49%. The loan does not take the student’s credit score —
Key Takeaways The best personal loan providers have minimum annual percentage rates around 7% to 8%, offer loan amounts of up to $100,000 and don’t charge origination fees. Our recommended lenders generally offer fast funding, with some providing same-day funding. Among the 1,000 personal loan borrowers the MarketWatch Guides team surveyed, the average credit score
The U.S. Department of Education’s plan to begin collecting federal student loans in default has caused anxiety among some Maryland graduates, while others say the time has come for them to accept fiscal responsibility. The Department of Education will begin collecting federal student loans in default on May 5, having issued a warning that borrowers
The Trump administration is eyeing an expansion of federal loan programs for manufacturers as part of its “Made in America” initiative. Kelly Loeffler, head of the U.S. Small Business Administration, said in Hauppauge on Thursday that her agency wants to make bigger loans to factories. “We are certainly looking at expanding the loan size, expanding the
WASHINGTON, DC – JANUARY 20: President Donald Trump signs executive orders in the Oval Office of the … More White House on January 20, 2025 in Washington, DC. Trump takes office for his second term as the 47th president of the United States. (Photo by Anna Moneymaker/Getty Images) Getty Images Trump Executive Order On College
Student loans: consolidate or refinance? getty Student loans are a major financial concern for millions of Americans, often impacting everything from career choices to homeownership. With total student loan debt in the U.S. reaching over $1.77 trillion based on recent Federal Reserve data, many borrowers seek ways to better manage repayment. This article provides an
In less than two weeks, the U.S. Department of Education will resume collecting student loans in default and that means millions of borrowers will have to start making payments or risk having their wages garnished. After years of paused student loan payments, millions of borrowers are still struggling to restart repayment, and some, like Conrad
The Department of Education recently announced that it will start referring student loans that have gone into default to collections starting May 5. Adam Bettcher / Getty Images for We The 45 Million In a press conference, the White House confirmed it will collect money from people who have defaulted on their student loans by
A new rule proposed on April 18 could change how Thrift Savings Plan-based loans are repaid under reamortization terms. The Federal Retirement Thrift Investment Board, which governs the federal government’s 401(k)-style retirement plan, detailed its plan to amend a loan reamorization rule in the Federal Register. The board proposed a combination of accrued interest with the outstanding principal