Every week, Student Debt Relief posts a roundup of the latest happenings in all things related to student loan debt. This week offers four articles, each covering a different aspect of student loans.
Our first article is an outline of what one prominent figure in the student loan financing industry predicts will happen with student loans in the coming year. Our second article delves into the question of whether or not certain college degrees are worth the price and what potential borrowers can do to best find an answer. Our third article examines the latest trend of employers offering student loan assistance (in place of retirement accounts) as a hiring perk. And finally, our fourth article offers three very simple and doable student loan resolutions for the new year that anyone can easily keep… We hope you enjoy them and have a wonderful holiday season!
In this Business Insider article, CEO Mike Cagney of SoFi, a fintech company specializing in student loan refinancing, outlines the four major changes he thinks are possible regarding student loans in the coming year. He touches on everything from expanding IDR programs, to colleges having more “skin in the game” when it comes to student loans, to the increasing role of the private sector in financing them. If you’re wondering what the future student loan landscape might look like and how it could affect you, this article is a must-read.
While the debate about how best to handle the student loan crisis continues, this article suggests a different course of action: being proactive beforehand. This means taking a careful look at not only the total cost of getting your degree, but the average salaries afterward as well as the opportunities for career advancement. The goal of this article is to help potential future borrowers make a realistic choice as to where a college degree is a good investment for them over the long-term, and to consider other options if it’s not.
This Forbes article details a new employee benefit trend that is sure to make all college graduates smile: student loan repayment. Realizing that many new hires value help with their student loans over traditional retirement benefits, employers are adjusting their focus accordingly and are now offering student loan assistance as a perk to attract new employees. While only 4% of companies currently offer this benefit, many recent graduates said that this benefit would be the deciding factor when it came to choosing an employer. Any recent college graduate will definitely consider this article required reading.
Studies show that the key to making New Year’s resolutions successful is keeping them both specific and attainable. And this LA Times article does just that when it comes to applying those resolutions to your student loans… all it takes is coming up with an aggressive and doable plan. This article helps by showing you three very simple things you can do to get your student loans under control in 2017. If you’re looking to create some resolutions you will actually stick with this coming year, this article is definitely for you…
Be sure to check back every Friday at Student Debt Relief for our Weekly Roundup of the latest news and updates regarding the student loan industry!