- Only 15.8% of millennials don't regret taking student loan debt
- "23.5% said they felt extremely regretful"
- Many millennials overestimate the annual salary of their first job out of college
- The average millennial earns $35,455 per year
- Monthly student loan payments aren't decreasing
- No interest will accrue for those who enter forbearance and withhold payments temporarily
- Private loans are not covered by this waiver
Senate Overturns Student Loan Forgiveness Rule
- U.S. Senate recently voted to overturn new student loan forgiveness plan from Betsy DeVos
- Devos' plan would require students who were defrauded to apply for student loan forgiveness, and would possibly limit the amount of forgiveness received
- 5 defendants have recently been targeted by the state of California for charging student loan borrowers for assistance services that are offered for free through the federal government
- The author suggests:
- Not pay anyone upfront, ever
- Affiliated with the Department of Education means nothing
- Limited-time offers shouldn't play into your decisions
- Hiring companies to negotiate your student loans is useless
- Follow the studentaid.gov website.
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