Personal Finance
How Long Does It Take to Repay a Student Loan?
College graduates worry that they will be stuck repaying their student loans for decades, even during retirement. The amount of time it takes to repay a student loan in full depends on the type of loan, the amount borrowed, the interest rate and the repayment plan the borrower selects, as well as the use of deferments and forbearances. Borrowers typically take no more than 16-19 years to repay their federal student loans.
Explainer: How Biden's student loan forgiveness will impact U.S. consumers
President Joe Biden announced on Wednesday a long-awaited plan to cancel billions of dollars in student debt, making good on a campaign promise to aid debt-strapped younger Americans even as some Republicans argue the move could worsen inflation.
‘Hidden in plain sight’: A nostalgic look back at Chicago’s Sears kit homes, hundreds of which still stand
Many Sears kit homes, which were ordered from a catalog and built by the homeowner in the early 1900s, remain standing throughout Chicagoland, evoking a sense of nostalgia for better times in the department store’s history.
Student loan forgiveness could help more than 40 million
WASHINGTON (AP) — More than 40 million Americans could see their student loan debt reduced — and in many cases eliminated — under the long-awaited forgiveness plan President Joe Biden announced Wednesday, a historic but politically divisive move in the run-up to the midterm elections.
Only 14% of Consumers with Federal Student Loans on Pause Can Afford Payments, ScoreSense Survey Finds 62% of survey respondents say they are delaying major life purchases
/PRNewswire/ -- A survey of consumers with federal student loans on pause, which went into effect during the COVID-19 pandemic, reveals that only 14% of...
EdPuzzle: How to Build Credit from Scratch! - Blog
Today we have TWO videos that might help your students save thousands in interest...read on to find out how! The first video from TwoCents is titled "How to Build Credit from Scratch!" and it details the steps you can take to start building your credit score from the bottom up by diving into some of the options available to new users to credit. The second video is a re-release from our video library titled "What Goes Into Your Credit Score?" This video dives deeper into the individual factors that impact your score and how to keep increasing your credit once you have it! Interested in more EdPuzzle videos?