Author: administración

Key Points95% of U.S. high school students plan to continue their education after graduation, and 82% of families say it will be worth the cost.Average household savings earmarked for higher education jumped to $42,307 and 64% of families now have a plan to pay for college.Knowledge gaps remain wide: only 22% of families know when student loan interest typically starts accruing, just 37% know families often pay less than the published sticker price, and 48% incorrectly believe scholarships are only available to top students. American families are doubling down on college, even as sticker prices climb and policymakers continue to…

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Key Points90% denial rate: The Consumer Financial Protection Bureau found that roughly 9 out of 10 borrowers who applied for cosigner release on private student loans were rejected.Vague criteria: Lender rules often hinge on undefined phrases like “sufficient income” and “satisfactory credit,” giving servicers wide latitude to deny applications.Refinancing is often the real exit: For many families, refinancing the loan into the student’s name alone is a more reliable way to remove a cosigner than waiting on a release request. When parents cosign a private student loan, they’re usually told that once the borrower makes a set number of on-time…

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