Q. I read your article “When student loans break the bank.” My student loans are past due because I suffered an injury and lost my job. My lender listed alternative repayment plans as you listed in the article, but I’m wondering if they would ever consider a settlement option to pay in full for a lesser amount. I did that with a couple of my credit cards.
Q. My daughter is a college freshman and I’m trying to figure out what deductions we can take. We paid part of the tuition from a 529 plan and the rest is loans.
Issuing a clarion call to Americans saddled by student debt, President Barack Obama urged student borrowers Tuesday to stand up for their rights, and announced a medley of modest steps to bring some order to a notoriously chaotic system.
The three-year default rate on college loans is more than 10 percent in New Jersey, according to the latest numbers from the U.S. Department of Education.
Republicans have ignored a White House veto threat and passed a bill to keep interest rates on millions of federal student loans from doubling this summer.