When asked what their top priorities would be if given a raise, millennials emphasized paying down debt and boosting savings over consumption.
Browsing: Student loans
The benefits of obtaining a college degree may outweigh the burden of student loan debt when it comes to homeownership, according to data from Fannie Mae’s National Housing Survey.
In a joint comment letter to the Department of Education last week, ABA and other financial trades provided feedback on proposed methodologies for calculating and reporting the mean and median fees students pay on bank accounts offered through partnerships between banks and educational institutions.
The OCC today added a new booklet on private student lending to its Comptroller’s Handbook.
Millennials’ student debt burden limits their ability to save for and purchase homes.
Sens. Patty Murray (D-Wash.), Dick Durbin (D-Ill.) and Bernie Sanders (D-Vt.) today introduced the SCRA Enhancement and Improvement Act of 2016, which expands the provisions of the Servicemembers Civil Relief Act.
Arbitration, mortgages, small business lending and small-dollar loans are among the Consumer Financial Protection Bureau’s policy priorities over the next two years, according to a document released today.
U.S. millennials are lacking in their understanding of financial concepts, with only 24 percent demonstrating basic financial knowledge, according to a recent study by PwC on young adults’ financial capability.
Sen. Heidi Heitkamp (D-N.D.) yesterday introduced a bill that she said would make it easier for borrowers to refinance private student loan debt, which accounts for 7 percent of outstanding student debt.
The Department of Education today published a proposed rule that would limit the kinds of arrangements colleges can make with banks that disburse funds to students from federally guaranteed student loans.