A Message from Consumer Action

Consumer Action's MoneyWi$e educational materials have moved to our Managing Money Project website. Here you may view, download and order bulk copies of the MoneyWi$e materials. Please make a note of the Managing Money Project address— www.managing-money.org —and add it to your address book.

Nearly half of student loan borrowers aren’t prepared for payments

Source: Maurie Backman - Motley Fool

Plenty of people take out student loans in order to afford college. And the good news in this regard is that 75% of borrowers describe the student loan approval process as either "very easy" or "easy," according to a survey released earlier this year by LendKey Technologies.

The problem? A frightening 49% didn't know what their monthly loan payments would look like after taking on that debt. In fact, only 10% of the 18-to-34-year-olds surveyed were able to nail down their precise repayment amount.

Read Full Article: Nearly half of student loan borrowers aren’t prepared for payments

 
 
 

Quick Menu

Support Consumer Action

Support Consumer

Join Our Email List

Optional Member Code
Facebook FTwitter T

MoneyWise Modules

Managing Money Topics

Help Desk

Advocacy