Home ownership rates among college grads with student loans are much lower.
The credit scores of those with student loans are actually decreasing with age, whereas those without the burden of student loans are seeing a dramatic increase in average credit score over time.
The Federal Direct Consolidation Loan Program does not have a minimum balance requirement.
(When FFELP lenders were able to consolidate federal education loans, some lenders required a minimum balance of ,000 or ,500.
When wages are insufficient to garnish, the DOE can have the Treasury Department withhold tax refunds and reduce Social Security payments.
There is a rapidly rising differential between the amount of money that is actually repaid relative to the amount that is estimated to be repaid in a given year.Even though consolidation may increase the term of the loan, it does not appreciably change repayment behavior.(Defaulting on your education loans, on the other hand, will negatively impact your credit rating.) Visit the federal direct consolidation loan web site at gov to consolidate your loans.To date, dozens of these lawsuits filed by National Collegiate Student Loan Trusts against borrowers have been dismissed by judges due to insufficient or unclear proof of ownership of the debt, commonly referred to as “chain of title”.Any company trying to collect on debt payments must be able to document it is actually owed the money.