Student debt is top of mind as grads resume payments, but BNPL-like tuition installment plans can reduce the need for loans. The latest “B2B and Digital Payments Tracker” examines how technology can help students manage debt and colleges manage student loan programs amid the slimmer...
In the wake of the Supreme Court’s decision to block the federal student loan forgiveness plan, many of Generation Z’s recent college graduates will make their first student loan repayment in October. While millennials and Generation X still shoulder the brunt of the current $1.6...
Businesses are increasingly hoping to get a leg up in the recruitment of new graduates by offering a relatively rare benefit: paying off student loans. According to a report by Bloomberg on Wednesday (Aug. 30), listing for full-time jobs offering student loan repayment has doubled...
To provide more flexibility and support to trade school student loan borrowers, Fynn, a fintech lender specializing in private student loans, announced expansions to its benefits package on Tuesday (Aug. 29). These expansions aim to address the challenges faced by borrowers in terms of loan repayment and career...
Consumers with low credit scores may find assistance in their uphill battle toward greater financial security. Financial stumbles may have long-lasting impacts on consumers whose credit scores have been affected by these trip-ups. This is evidenced in the report “The Credit Accessibility Series: The Credit...
The Biden Administration has unveiled a student loan repayment initiative that is set to benefit over 20 million borrowers. The Saving on a Valuable Education (SAVE) plan introduces an income-driven repayment (IDR) model that calculates monthly payments based on a borrower’s income and family size,...
The retailer’s strategy of appealing to millennials may be backfiring as the generation prepares to lose spending power to student loan repayments. Once again, consumer sentiments’ seeming ability to motivate spending behavior was evidenced Wednesday (Aug. 16) as Target’s Q2 2023 earnings release met analysts’...
Amid the current cost of living crisis in the United Kingdom, some commercial lenders have joined forces with the British government to offer interest-free loans to high-risk borrowers. The government is funneling 45 million pounds ($57 million) from its Dormant Assets Scheme — previously set...
With change comes challenge, but with challenge comes opportunity. As 2023 marches on, much of the initial doom and gloom-fueled skepticism around how the year would play out has abated, and there is hope on the horizon. “The one big thing we are talking about...
