Items Tagged with 'student debt'

ARTICLES

  • From HW Magazine

    Outside the classroom

    Teaching Millennials that student loan debt doesn't have to delay the American Dream
    The conversation around student loan debt and its economic impact on Millennials, those born from 1980 to 1998, has some questioning whether the future of the American Dream is in jeopardy. The nation’s student loan debt has soared to $1.4 trillion, surpassing credit cards in becoming the largest source of personal debt outside a mortgage.
    Read More
  • LendingTree acquires Student Loan Hero

    LendingTree plans to increase its presence in the student loan space
    LendingTree closed on the acquisition of Student Loan Hero, a personal finance website that helps borrowers manage their student debt. Student Loan Hero is led by CEO Andrew Josuweit, who founded the company in 2012 to help manage the nation’s immense student debt burden.
    Read More
  • Fifth Third Bank app combats student debt

    Customers paid off $1 million in student debt by rounding up debit card purchases
    The weight of student debt can often be paralyzing, however, an app launched by Fifth Third Bank has reportedly freed up $1 million worth of loan debt for its customers. The Fifth Third Momentum is available to any Fifth Third debit card user and can be used with more than 30 major student-loan servicers, both public and private.
    Read More
  • Want to save up for a home? Say goodbye to 54% of your income for 6 years

    It will take the average renter 6 years saving 20% of their income to afford a 20% down payment
    According to research from Zillow affiliate Hot Pads, it will take the average U.S. renter more than six years to save up for a 20% down payment on a home. With rent now taking up an average of 34% of a renter's income and home prices on the rise, the dream of homeownership is becoming more and more distant for U.S. renters.
    Read More
  • Here are 5 reasons the Millennial homeownership rate is low

    Urban Institute breaks down the data
    For years, several factors have been tossed around such as high home prices, fear over the last housing crisis, delays in family formation and even student loans as reasons why the younger generation is holding out. But now, the Urban Institute released a study that shows the actual data behind these factors, revealing what is really holding Millennials back from homeownership.
    Read More
  • Monday Morning Cup of Coffee: Ben Carson backtracks on plan to raise rents for poor

    Plus what to expect in world economy’s most important week
    HUD released a plan in April that HUD Secretary Ben Carson says will push millions of low-income households toward self-sufficiency. Now, he could be pulling back from that proposed plan. Also, here’s everything you need to know about the most important week of the year for the world economy.
    Read More
  • Student debt crisis deepens as Gen Z enters college

    Nearly 40% unsure if they can pay back debt
    As the oldest members of Generation Z turn 23 this year, they are now fully into or even past their college years, but the bad news is the student debt crisis is only continuing to worsen. A new study from LendEDU found Gen Z may be less than prepared to deal with their debt after graduation.
    Read More
  • First time homebuyers fall to 4th lowest share since 1981

    Student debt amounts continue to increase
    Low inventory levels are keeping the younger generation from buying a home however, unsurprisingly, student loan debt also continues to play a major role in keeping first time homebuyers out of the housing market. What is shocking is the increase in student debt compared to other industries. But lenders, take note, first time buyers are increasingly considering lower down-payment options in order to buy a home.
    Read More
  • Lennar targets Millennials with mortgage that pays off their student loans

    Lennar subsidiary Eagle Home Mortgage offers unique lending product
    A recent study showed that mounting student loan debt is holding Millennials back from buying homes – for seven years. But one homebuilder is trying to make that seven-year delay go away. Eagle Home Mortgage, a mortgage lender and a subsidiary of Lennar, announced Tuesday that it is rolling out a new mortgage program that will help homebuyers pay off their student debt.
    Read More
  • CFPB forces companies to pay $21.6 million for illegal student loan debt collection

    Requires audit of 800,000 student loan portfolios
    Studies show student debt continues to be a major hindrance to homeownership in the U.S., however the latest action from the Consumer Financial Protection Bureau shows that debt may not even always be real. The CFPB announced Monday it forced a student loan trust and its debt collector to pay a total of $21.6 million for illegal student loan debt collection practices.
    Read More