Tag: student loans

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Student Loan Consolidation Calculator: Estimate Your Savings

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Estimating how much you can save through student loan consolidation can feel confusing at first, especially when you are juggling multiple loans with different rates and payment schedules. A consolidation calculator helps bring clarity to the process by giving you a side-by-side comparison of your current obligations and what a new consolidated loan might look like. This makes it easier to determine whether student loan consolidation could simplify your payments or reduce the overall cost of your debt.

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Building Financial Security Through Smart Loan Management

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Loans don’t have to be seen as a burden—they can be powerful tools for building wealth when used wisely. This blog explores how loans can help you achieve financial goals, the different types available, and real-life success stories.

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​Over 9 Million Student Loan Borrowers Delinquent After Payment Pause Ends

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the staff of the Ridgewood blog

Ridgewood NJ, the conclusion of the COVID-19 student loan payment pause has led to a significant rise in delinquencies among borrowers. According to the Federal Reserve Bank of New York, approximately 9.7 million student loan borrowers became past due on their payments following the expiration of the payment pause in September 2023. ​

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How U.S. Students Stack Up Globally: A Look at Education Performance and the Future Under New Policies

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the staff of the Ridgewood blog

Ridgewood NJ, how do U.S. students compare with their peers around the world? Despite being one of the world’s leading economies, the United States continues to face challenges in education, particularly in math and science, according to international assessments. As new education policies loom under the incoming Trump administration, these results provide a backdrop for what changes may lie ahead.

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New Jersey Ranks 8th in the Nation for Student Debt in 2024, WalletHub Study Finds

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the staff of the Ridgewood blog

New Jersey has been ranked as having the 8th highest student debt in the United States for 2024, according to a recent study conducted by WalletHub. The personal finance website evaluated all 50 states and the District of Columbia, scoring each based on student-loan indebtedness and the availability of grants and student work opportunities.

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College Enrollment Down 2.9 Million Students, but Revenue up $15.2 Billion

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the staff of the Ridgewood blog

Ridgewood NJ, enrollment in US colleges and universities has sharply declined over the last decade, but does that mean schools are seeing less revenue from tuition? 

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WalletHub Study: New Jersey Ranks as the 5th Most Impacted by the End of Student Loan Payments Moratorium

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the staff of the Ridgewood blog

Ridgewood NJ, with federal student loan interest having resumed on September 1 and payments required again starting in October, the personal-finance website WalletHub today released its report on the States Most Impacted by Student Loan Payments Moratorium Ending.

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Student Debt Strike on the Table

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the staff of the Ridgewood blog

Ridgewood NJ, while many borrowers are preparing to make payments on their student loans when they restart in October, others are ignoring their accounts and going on what has been labeled a “student debt strike.”

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WalletHub Study: New Jersey Is 2023’s 10th State with the Most Student Debt

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the staff of the Ridgewood blog

Ridgewood NJ, with the average student loan debt reaching over $37,000 per borrower, the personal-finance website WalletHub today released its report on 2023’s States with the Most and Least Student Debt,

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The US Supreme Court Strikes Down President Biden’s Student Debt Forgiveness Plan

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the staff of the Ridgewood blog

Ridgewood NJ, the US Supreme Court on Friday struck down President Biden’s student debt forgiveness plan, with the court’s six conservatives ruling the administration did not have the power to forgive loans.

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Student loan forgiveness application website is live

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the staff of the Ridgewood blog

Ridgewood NJ, the Biden administration officially launched its student debt relief application on Monday, ending months of anticipation from millions of American borrowers.  The debt forgiveness website, which was first released by the administration for beta testing on Friday, features what officials have argued is a relatively simple application process. President Biden announced his plan for student loan debt relief in August forgiving $10,000 in student loan debt for those making under $125,000 annually and $20,000 for Pell grant recipients.

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7 in 10 parents say education is worth going into debt

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the staff of the Ridgewood blog

Ridgewood NJ, with back-to-school sales-tax holidays starting up, the personal-finance website WalletHub today released its 2022 Back-to-School Report, which includes the results of a new nationwide survey of parents as well as picks for this year’s Best Credit Cards for Back-to-School Shopping.

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Dartmouth College is Completely Eliminating Student Loans and Replacing them with “expanded scholarship grants”

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the staff of the Ridgewood blog

Ridgewood NJ, near the end of June , news broke from CNN that Dartmouth College is completely eliminating loans from their financial aid packages. They will be replacing all loans with “expanded scholarship grants”. This transition will prevent students from drowning in student debt after graduation.

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86% of Borrowers Took On Student Debt Because of BIDEN’S FORGIVENESS PLEDGE

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the staff of the Ridgewood blog

Ridgewood Nj, one of President Joe Biden’s most memorable campaign promises was his pledge to address the student debt crisis. And, in recent days, he seems to be inching closer to a deal that would forgive up to $10,000 in student debt per borrower, with a few exceptions.

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New Jersey Student Loan Borrowers to Receive More than $60 Million in Relief from Settlement with Navient Corp. in State’s Lawsuit Alleging Deceptive, Misleading Tactics

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the staff of the Ridgewood blog

Ridgewood NJ,  Acting Attorney General Andrew J. Bruck and the Division of Consumer Affairs today announced that New Jersey student loan borrowers will receive over $60 million in relief from a settlement with Navient Corp. and its subsidiary Navient Solutions LLC (Navient) that resolves a 2020 lawsuit filed by the State against the student loan servicing giant. The State’s lawsuit alleged that Navient engaged in unconscionable commercial practices, deceptive conduct, and misrepresentations when servicing thousands of New Jersey consumers’ student loans over the past decade – boosting company profits at the expense of struggling borrowers.

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