Tag: Student finances

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Generation Y

‘I graduated with thousands of dollars left over’

Allie Nizam took an extra $10,000 with her when she graduated from University of Central Florida in 2009. (Photo Courtesy Allie Nizam) by Blake Ellis NEW YORK (CNNMoney) — While millions of Americans are drowning in student loan debt, some students are actually graduating with thousands of extra dollars to burn — thanks to scholarships and aid that exceeded their college costs.

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Generation Y

Coping with student loan repayments

CHARLENE CROWELL (NNPA)–A new report from the Consumer Financial Protection Bureau found that many of the same types of loan servicing problems that affected consumers in the mortgage market are now affecting student loan borrowers. Just as troubled homeowners were often unable to pay their mortgages, refinance their loans, or receive timely assistance from loan servicers, many student loan borrowers are now experiencing many of the same difficulties. Although the report focuses on private student loans, some of the servicing problems identified also affect federal student loan borrows.