New Bill By Rubio, Warren Would Stop States From Suspending Job Licenses Over Unpaid Student Loans

It’s easily one of the country’s most counterproductive policies. In 14 states, licensing boards and other government agencies can suspend, deny, or revoke a borrower’s license to work if they fail to pay back their student loans. Those laws have blocked thousands of Americans from working in their chosen field. Of course, without their occupational […]

Pay student loans or save for retirement? These employees don’t have to choose

The Travelers Companies is offering a new benefit to help its employees tackle one of the biggest financial issues plaguing Americans today — student loan debt. About 45 million borrowers owed more than $1.56 trillion in student loan debt at the end of 2018, according to Student Loan Hero. That is about $521 billion more than […]

Student Loan Debt Statistics In 2019: A $1.5 Trillion Crisis

Student loan debt in 2019 is the highest ever. The latest student loan debt statistics for 2019 show how serious the student loan debt crisis has become for borrowers across all demographics and age groups. There are more than 44 million borrowers who collectively owe $1.5 trillion in student loan debt in the U.S. alone. […]

Dreams deferred: The ongoing burden of student loans

Student loan debt is forcing young Americans to put off major life milestones, including marriage, home ownership and parenthood. That’s according to a Bankrate survey on student loan debt. The survey was done in February and had a total sample size of 3,885 U.S. adults, per Bankrate. Americans have a whopping $1.5 trillion in student loan debt. […]

Taking an education loan? You have to furnish name of guarantor

You have to furnish name of guarantor for education loan I am taking a joint loan with my wife. Is it mandatory to give the name of a guarantor for the loan? – Ketan Goptu Most loans from banks these days do not require guarantors. Only in specific situations, usually in education loans, they will […]