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Gaming your way out of student loan debt

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Student loans are no fun, but a new TV show would convince you otherwise. While college debt continues to rise, Americans are looking for new and creative ways to unload their student loans. A new game show on Tru TV aims to put the fun in finance and help contestants eradicate debt.

Looking for a solution to student loan default?

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Student loans get more burdensome by the year, and many people struggle to conquer this debt. If you miss one payment, that’s not good. From the first missed payment, you’re considered delinquent. If you keep missing payments for 270 days, you go into default for most types of loans. Federal Family Education Loans (FFEL) go into default after 330 days of non-payment.

Find a job with student loan benefits to get out of debt faster

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Student loans are more than an individual debt concern. It’s becoming a national economic crisis. With over 44 million Americans in debt to the tune of over $1.5 trillion, student loan debt is a growing concern of employers, with good reason.

IRS ruling may help student loan debtors

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With more than $1.5 trillion now owed in student loans, it’s a debt crisis with no end in sight. One of the issues facing consumers with student loans is deciding how (and even if) they can save for retirement while dealing with this debt. Workers of all ages should be saving for retirement, but it’s more critical if your employer offers a 401(k) match.

Exploring student loan forgiveness

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Student loans are unfairly burdensome on many Americans. Because of the emphasis on college over all other career paths, it’s problematic. Where once a degree set you apart, now it makes you one of the job-hunting herd. Combine that with the unfairly exploding cost of college tuition, and it’s a recipe for a crisis that’s just beginning.

New legislation promises hope for student loan borrowers

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Student loans are a plague on many consumers, so it’s always good to see news of hope for college debt relief. HR 5549, the HIGHER ED Act, introduced in April by Democratic Representative Peter DeFazio of Oregon, could see a loosening of the standard of “undue hardship” required to discharge student loans in bankruptcy.

Bankruptcy and student loans

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When considering debt relief programs, one to examine is bankruptcy. But before you jump into something, you should think about the effect on your credit score and future financial opportunities. If you’re thinking of returning to college or have a child headed to university soon, you’ll want to know if and how it could affect your ability to obtain student loans.

Student loans and older Americans

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The Consumer Financial Protection Bureau’s recent report on older consumers and student loan debt reveals that college debt continues to be a growing problem for the older-than-60 set. The CFPB found that student debt heavily impacted long-term financial security and stability and promised a rougher road ahead than for generations past.

Does your job offer student loan benefits?

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The job market in America is booming. With a better job market, employers are now competing to attract top talent, and one of the tools in their recruiting arsenal may be student loan-related benefits. Even with plenty of jobs open, student loans continue to be a growing problem with no end in sight for more than 44 million people in the US who owe more than $1.5 trillion in college debt. Here’s some info on looking for benefits from your employer to fight this burden.