The proposal would link interest rates to financial markets — specifically the 10-year Treasury note — and cap rates at 8.25 percent for undergraduate loans and 9.5 percent for graduate loans.
Librarians and marriage counselors need more than three times as long to pay off college loans than lawyers, or those in advertising/marketing careers.
Despite some movement in Congress to alter the trajectory of what you might consider an incoming personal finance missile, interest rates on some government backed student loans are set to double on July 1.
Many soon-to-be high school graduates are settling on their choice of where to attend college. How does a family decide whether to pay for a student's dream school or a more economical alternative?
Young go-getters can get funding to pursue their dream careers through a startup called Pave. The catch? Prospects agree to fork over about five percent of their income for the following 10 years.
Many colleges now offer student loans and grants on debit cards, without disclosing their agreements with banks. That's caught the federal government's attention.