One graduate of the Class of 2010 compared paying off student loans to having a hole in his paycheck.
Five, six years ago, we were still paying off student loans.
The American citizen has had the same bank account with a major bank for more than 20 years, uses an American Express card (member since 1989), and has a track record of paying off student loans.
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But the most common mistake of people who have trouble paying off student loans is failing to understand what they're getting into, even overlooking details as basic as the interest rate and the consequences of missing a payment.
For the first eight years of our marriage, we were paying more in student loans than what we were paying for our mortgage.
Instead of paying off his student loans, he was accumulating more debt paying for those expensive train rides.
But we only finished paying off our student loans about eight years ago.
He provides an astute observation: the major expense for some Echo Boomers at this time is paying on their student loans.
If you are stuck paying off federal student loans, you may be able to lower your payments by applying for income-based repayment.
This should come as no huge surprise irony alert given how diligent graduates have been about paying off their student loans.
And we were lucky to land good jobs with a steady income, but we only finished paying off our student loans about eight years ago.
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Proactive communication that informs and empowers can make a difference right now in the lives of struggling borrowers who everyday must choose between paying off their student loans and providing a better life for their families.
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The intention is to eliminate the abuses in which institutions enrolled students who had little hope of graduating or paying back their student loans and in essence were enrolling under the guise of what was a false hope.
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That's why we fought so hard to make sure that we were expanding opportunities for young people to go to college, by keeping their interest rates low, and expanding Pell grants, and capping their payments as a percentage of income when they're paying back their student loans.
We combined and got poorer together. (Laughter.) So we combined our liabilities, not our assets. (Laughter.) So we were paying more for our student loans than we paid on our mortgage each month.
Even for those with decent jobs, the prospect of paying back thousands of dollars in student loans is a daunting one.
Mr Alexander was called to answer an urgent question in the Commons on 2 February 2012, after it was claimed that the chief executive of the Student Loans Company (SLC) had avoided paying tax on his pay package by being paid via a private company.
There's no allowance in Chapter 13 for repaying student loans (which you must do) or for paying current college bills.
And I want to know what your administration is going to do for young people like me who are educated, who are new to the workforce, who would be ready to enter the housing market, ready to invest in small business, ready to take lower-paying jobs like teaching, but can't because we're burdened with an excess of student loans. (Applause).
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