NJCLASS loans are bad; if you’re not already aware of this, please do some research. And if you have a defaulted NJCLASS loan, it’s even worse. Believe it or not, there is a sure-fire way to worsen an NJCLASS loan that is already in default (or that hasn’t defaulted yet): By entering it into a …
The story appeared first in ProPublica and the New York Times, jointly, about the inflexibility of NJHESAA regarding NJCLASS loan repayment terms and the aggressive tactics the state agency uses in collecting these loans. The New York Times story is here: NY Times story on NJCLASS and the ProPublica story is here: ProPublica story on …
Attorney Jennifer N. Weil interviewed about NJCLASS loans Read More »
I recently read an article giving advice on what students should do with their student loans right around graduation time. The tips sounded pretty good – really good, in fact. The tips included items like these: Look at the types of student loans you have; Find out what kind of interest rate you have, whether fixed …
Instead of working another day for another dollar – it’s for another student loan payment, right? Just ask any recent college graduate, whose average student debt is nearly $30,000! If you’re a former college student with high student loan debt, you know how hard it is to make your student loan payments. Not only are the loan payments hard …
Do NJCLASS loans have a positive or negative impact on your credit score? While a good, on-time payment history of student loans can positively impact your credit score, students with NJCLASS loans are finding that there is a long-lasting negative impact on their credit when they default. If you make your NJCLASS student loan payments …
On the front page of Saturday’s Real Estate section, The New York Times has done a decent job of tying together the student loan crisis and debtors’ resulting lack of participation in the larger economy, although I think they could have picked some better examples. Admirably, the article includes a quote from one student loan …
Student loan debtors less likely to buy property, says the NY Times Read More »
In May 2014, the Center for Economic Policy and Research published a report entitled “A College Degree is No Guarantee,” which focuses on the experience of black college graduates in the labor market. Here’s a breakdown of the executive summary: In 2013, the unemployment rate for black college grads between the ages of 22 and …
Report: Black recent college grads more likely to be un- or under-employed Read More »
In the category I like to call, “They needed a study for that?”, the Pew Research Center released a study in May 2014 in which it finds that households with student loan debt are worse off financially than households without student loan debt. More specifically, the Pew Center’s key findings include: The net worth of …
College borrowers unhappy about debt & have lower net worth, study finds Read More »
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