Sen. Elizabeth Warren has filed a bill she said would let millions with existing federal student loans to refinance at the lower interest rates currently offered to new borrowers.
It’s not law yet, but Senators have approved a compromise on student loan interest rates just weeks after they were allowed to double.
Americans have now racked up more in college loans than credit card bills. Recent graduates owe an average of $28,000.
Paying for college is not only a problem for recent grads. Those big bills are staying with families for decades and it could wind up costing some their retirement.
Let’s start the week where most of us begin, being a newlywed couple.
College applications are up at local colleges and universities, but more students are having a harder time keeping up with their college loans.
College admissions consultant Mark Lewis says there is still time to figure out a way to pay for school next fall.
How do you plan to pay for college?