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For-profit colleges: Closures add to student debt crisis

Completing a college degree is hard enough. There are the hours of studying and the balancing act between school, job and a social life. Now add to that the chance that it all ends at the eleventh hour when your school closes its doors. That’s what happened to thousands of students attending the for-profit colleges owned by Corinthian Colleges.

Students protest amidst the student debt crisis. (Credit: Getty Images)

Students protest amidst the student debt crisis. (Credit: Getty Images)

For these students the question of student loan repayment is critical. What is worse, negotiations regarding forgiveness of their federal student aid have stalled. Here’s what college students need to know about this new wrinkle in the student loan crisis. Read more

What you need to know about student loans for college

The fall semester of college is just around the corner and applying for student loans may be on your to-do list. But in the flurry of filing paperwork are you thinking about how the student loan repayment will affect you in the future? Probably not.

It's important to read the fine print when filing for student loans. (Credit: Collegescholarships.org)

It’s important to read the fine print when filing for student loans. (Credit: Collegescholarships.org)

By the time you graduate your student loan balance may be pretty large. It’s going to take a student loan calculator to help you figure out what you can afford to pay and how long to pay off the loan. Here are a few things you need to know about student loans and how it affects your life. Read more