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Millennials Are Seeking Prenups—and It Might Just Be Worth Considering

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How the World's Top Five Nations Handle Student Loan Debt

How The World’s Top 5 Nations in Education Handle Student Loan Debt

Concerns about the rising cost of college in the United States—and the $1.4 trillion in student loan debt nationwide—are alive and well. And they’ve prompted a lot of discussion about the different ways our educational peers nearby, across the pond, and beyond handle student loan repayment programs. When it comes to tuition costs and paying off student loans, the American system is unique—and not for all the reasons you might think.

It turns out that cheap or even free tuition doesn’t mean the end of student loans. Student loans are common even in countries with free tuition, because no matter where you go to college, you have to live somewhere and, of course, eat. Sweden gets a lot of attention because tuition there is free. Still, Swedish students borrow money for college just as frequently as Americans do—and about 70% of students in both countries have student loans. But Swedish students graduate with about $20,000 in debt, compared to about $30,000 for American graduates.

To explore how the rest of the world pays for learning, we looked at the most recent QS World University Rankings. Thirty-two of the top 100 schools are in the U.S. Another 32 are found in just four countries: the United Kingdom, Germany, Australia, and Canada. Below, we compare the way higher education is financed in all five nations, in descending rank order.

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Grace Period Ending? Create a Student Loan Repayment Strategy to be Thankful For

This week, many Americans are taking time to reflect on the things they’re grateful for.  But for some people, the season of giving thanks actually represents something that they aren’t all that thankful for – student debt.  November and December mark the end of many student loan grace periods, which means this is the time of year when recent grads have to start paying back student loans.

If you fall into this category, here’s something you can be thankful for: a smart student loan repayment strategy.  Because make no mistake – paying back student loans does require a strategy, particularly for the average graduate, law or medical school grad shouldering six figures of student loan debt.

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Your 6-Step Plan for Managing Student Loans—and The Tools to Help You Do It

When you’re struggling to pay student loans, it helps to know you’re not alone. Members of the class of 2016 now carry, on average, $37,173 in student loan debt—up 6% from last year. It’s not easy, but there is good news: You live in the digital age! Want to redecorate your home? There’s an app for that. Manage your bucket list? There’s an app for that, too. So it should come as no surprise that there are a number of websites, tools, and finance apps designed specifically to improve the loan payment experience.

Yet, even with so many options available, it can be hard to make a plan to tackle that debt in a way that’s efficient and helps you see results. We know you’re busy and there’s no quick and easy way to filter through hundreds of online resources to find the best tools for your needs, so we’ve done the work for you.

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