Author: Jamie Johnson

MGM to Offer Higher Education Benefits to Employees

MGM, the biggest employer in Nevada, will offer higher education benefits to its employees that will give them more college opportunities. MGM is partnering with the Nevada System of Higher Education to provide its employees with more opportunities to go to college. The MGM College Opportunity Program will pay for MGM employees to attend distance learning programs through any of Nevada’s seven major public schools, the Las Vegas Review-Journal reported.MGM is latest company to join the trend of offering higher education benefits to employees.NSHE first announced plans for the program in May and is hoping to have the details finalized...

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Many Parents Don’t Talk to Their Kids About Paying for College

A recent study completed by Fidelity Investments and MEFA found that most parents and their children don't discuss paying for college. To deal with rising tuition costs, many parents need their college-aged students to share the burden of paying for college. The problem is, most of them have never actually told their kids. This was the main finding from a study conducted by Fidelity Investments and the Massachusetts Educational Financing Authority.The study also found that parents are starting to save earlier for their child’s college education but are still having a hard time reaching their goals. 66 percent began saving...

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Student Loan Borrowers Have Higher Payments and Longer Loan Terms

A recent study completed by IonTuition found that U.S. borrowers are facing higher monthly student loan payments over longer terms. American borrowers are receiving longer loan terms and higher monthly payments, according to a recent study by IonTuition, a student loan repayment platform. The data shows that increasingly, borrowers are struggling to keep up with their monthly loan payments.The 2018 Student Loan Survey Report looked at how more than 1,000 respondents are managing their student loan debt. The study painted a disheartening picture of borrowers in America.The study first analyzed the average amount of debt per borrower. It showed 56...

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Student Loan Ombudsman Resigns Over CFPB’s Policies

Citing leadership's poor treatment of student loan borrowers, Seth Frotman, the CFPB's student loan ombudsman, has resigned. Early this week, a top government official overseeing student loans resigned in protest over the current government’s policies regarding student loan borrowers. In a strongly worded resignation letter addressed to acting director Mick Mulvaney, Seth Frotman accused Mulvaney of undermining the Consumer Financial Protection Bureau’s ability to protect borrowers.Frotman served as student loan ombudsman for the CFPB, a position he will be stepping down from by the end of the week, the Associated Press reported. His deputy Michael Pierce resigned on Monday as...

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The Latest Scams Targeting College Students  

With college season back in full-swing, it is important for student loan borrowers to be aware of the many scams that exist. Growing tuition costs and high levels of student loan debt are all concerns facing new and seasoned college students. And increasingly, students are falling victims to scam artists that want to prey on these fears.In mid-August, students at Ferris State University started receiving alarming phone calls from an individual who claimed to work at their college, USA Today reported. The students were told they had to pay off any outstanding debt they owed Ferris State immediately. Payments had...

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