Imagine going to college to improve your life and walking away with $500,000 in student debt. That number is no typo. A young Seattle couple ended up so mired in debt on the way to their degrees that they “couldn’t even make the initial payments,” says Christina Henry of Seattle Debt Law. After the collection agencies [...]
It’s that time of year when high school seniors and graduate school candidates are making their final decisions of where to go to school. There are many factors that come into play in these decisions. Unfortunately, one of the most important factors—how much debt you will have accumulated when you graduate—is often not on the [...]
There really aren’t any cheerful numbers regarding student loans. In fact, they’re all pretty depressing. Consider: Student loan debt now exceeds credit card debt in the U.S., according to recent Federal Reserve numbers. Roughly two-thirds of college students are borrowing cash, graduating with an average debt of about $24,000, according to the Project on Student Debt. And [...]
The average rate on the 30-year mortgage matched its lowest level since mid-January this week, according to Freddie Mac’s weekly survey released Thursday. The mortgage averaged 4.71% for the week ending May 5, down from 4.78% last week and 5% a year ago, according to the survey. Meanwhile, the 15-year fixed-rate mortgage averaged 3.89% this [...]
I’ve asked my lender to modify the loan on my home because of a reduction in my wages. I owe more than the house is worth, so selling isn’t an option. The first set of paperwork — income, pay stubs, expenses, etc. — that I sent was acknowledged for about six weeks, at which point [...]
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