Author: Andrew Rombach

Student Loan Debt Per Graduate by School by State in 2018

The national student loan debt in the United States sits at a daunting $1.52 trillion and is now the second highest form of consumer debt in the country, trailing only mortgages. To make this massive figure more relatable to the everyday consumer, the average college graduate from the Class of 2017 owed $16,683 in student loan debt upon graduation - even when those with no student loan debt were factored in. Table of Contents School Rankings by StateState RankingsMore InformationMethodology While no one wants to face a number that large, many students have no other choice but to take on student loan...

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Average Cost of College: Tuition, Room & Board, and More Statistics

The cost of a college education has skyrocketed in the last thirty years, outpacing both healthcare and total inflation in the United States. Outstanding student loan debt is at an all-time high, now over $1.5 trillion—higher than the national consumer credit card debt.Private colleges are typically much more expensive than public colleges, and whether or not the student is attending an in-state school plays a large role in the overall price.Each year colleges publish their cost of attendance figures, or COA. Quick Navigation Average Total Cost of College by School TypeAverage Cost of Other Expenses by School TypeAverage Financial...

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Can You Get Emergency Student Loans for an Upcoming Semester?

You are getting ready to start a new semester at college and think you have everything planned. You’ve picked your classes, have a place to live, and your finances are all in place. Then, the unthinkable happens. You or one of your parents lose a job, your financial aid or scholarship falls through, or you find yourself with unexpected room and board, medical, or other expenses. Suddenly, you're looking for emergency student loans and financial aid.How Quickly Can You Get a Student Loan?Student loans are always an option to help pay for college expenses, but it can take a...

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How Long Does It Take to Receive a Student Loan?

Financing your academic ambitions often requires you to obtain student loans, and for most borrowers, that means taking out federal student loans and/or private student loans. As the names would suggest, federal student loans are funded by the federal government. Although federal loans are often serviced by private entities, the rules and regulations that govern them are dictated by the government. Private student loans are provided by private lenders, such as banks, credit unions, or other lending organizations. Private loans and borrowers are held to the rules and regulations (within legal bounds) of the private lender. Both federal and private loans...

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Is Federal Direct Loan Consolidation Right for You?

There are over 45 million borrowers in the United States with over $1.52 trillion in outstanding student loan debt. Many of those borrowers consider federal student loan consolidation as a way to simplify their loan repayment.Consolidation allows borrowers to combine all of their federal student loans into one that requires only one monthly payment. Before consolidating, however, you should consider why you want to consolidate and what the consequences might be.How to Consolidate Your Federal Student Loans Into a Direct Consolidation LoanDirect loan consolidation is part of the federal Direct Consolidation Loan program. You can only use a Direct...

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