News From Our Blog

Student Loan Debt Doesn’t have to be Scary: Leah’s story

By Ashley Gordon, CFPB

Watch Leah’s story

Just a year away from graduating with $23,000 in student loans, Leah didn’t know how she was going to make her payments. They were a constant source of stress in her life; she would lie awake at night thinking about how she was going to pay off her student debt. She was worried about her future.

We understand that fear – it’s why we built our Paying for College tool. It helps students and recent graduates inform themselves about the true cost of college and the repayment options available after graduation. 

Leah learned about the Income Based Repayment option, which helped to significantly lower her monthly payments. “It’s a lot less stressful now,” she says; “It feels amazing… My husband and I don’t feel like we’re living paycheck to paycheck. I wasn’t informed when I was taking out my student loans of the reality of after college. And now students have the CFPB website to know in advance and be informed of what to expect when they graduate. I took charge of my student loan debt. Now other students can take charge of theirs thanks to the CFPB.”  

Do you have a story like Leah’s? Do you want to find resources for students and graduates? Or are you interested in what other people are saying about their experiences with financial products and services? Check out Everyone has a story.

 

You know your kids are online, so talk to them about the risks and how their activity can impact them later:

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From the State Department:

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Going back to school? Ever thought about traveling abroad? Check out our Google+ Hangout to learn more!

Study abroad connects American high school students with future leaders around the world, enabling them to collaborate on today’s global challenges such as human rights, community development, workforce development, climate change, and global health. Scholarship opportunities are open to all American high school students who meet program eligibility criteria.

Image description: Starting school but have questions about student aid? Tweet your questions with the hashtag #AskFAFSA to get an answer.

Image description: Starting school but have questions about student aid? Tweet your questions with the hashtag #AskFAFSA to get an answer.

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From Stopbullying.gov:

Spending 15 minutes a day listening and talking with your child can help build the foundation for a strong relationship and provide reassurance that he/she can come to you with a problem. It can also help your child recognize and respond to bullying.
KnowBullying, a new mobile app by the Substance Abuse and Mental Health Services Administration (SAMHSA), can help get the conversation started among parents and their children. The app provides tips on talking about school, work, relationships, life, and bullying. Learn more.

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From Stopbullying.gov:

Spending 15 minutes a day listening and talking with your child can help build the foundation for a strong relationship and provide reassurance that he/she can come to you with a problem. It can also help your child recognize and respond to bullying.

KnowBullying, a new mobile app by the Substance Abuse and Mental Health Services Administration (SAMHSA), can help get the conversation started among parents and their children. The app provides tips on talking about school, work, relationships, life, and bullying. Learn more.