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Buried under a mountain of student loan debt with no end in sight? Looking for a way to finally achieve some financial freedom? Well, you’re in luck! In this ultimate guide, we will explore the world of student loan forgiveness through non-profit work. Non-profit organizations offer a unique opportunity for individuals with student loans to […]
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Comprehensive Guide to Student Loan Forgiveness Under the Biden Administration
“By a vote of 6-3, the Supreme Court justices ruled that the Biden administration overstepped its authority in 2022 when it announced that it would cancel up to $400 billion in student loans. In a statement issued by the White House, President Joe Biden called the court’s decision “wrong” and promised that “this fight is […]
Student Loan Forgiveness for Military Spouses
Many people have wanted student loan forgiveness for military spouses to become a reality for a long time. Some have wished for a disabled veterans spouse student loan forgiveness. All of it makes perfect sense. Shouldering the responsibility of raising a family by yourself while your partner doing a military service is no easy feat. […]
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Buried under a mountain of student loan debt with no end in sight? Looking for a way to finally achieve some financial freedom? Well, you’re in luck! In this ultimate guide, we will explore the world of student loan forgiveness through non-profit work. Non-profit organizations offer a unique opportunity for individuals with student loans to […]
Student loan consolidation is a popular option for borrowers looking to simplify their repayment process. However, there has been some confusion surrounding this financial strategy and its impact on credit scores. A lot of people ask: “Is Student Loan Consolidation Bad for Your Credit Score.” This article aims to shed light on whether student loan […]
Are you struggling to keep up with your student loan payments? Wondering if there’s a way to ease that struggle? You’re not alone. Millions of students deal with the same struggles. And if this is you, forbearance might be the solution you’ve been looking for. In this article, we will explore the benefits of forbearance […]
Understanding the Saving on a Valuable Education (SAVE) Repayment Plan: A Comparative Analysis The Saving on a Valuable Education (SAVE) Repayment Plan is a relatively recent addition to the suite of income-driven repayment (IDR) plans available for federal student loan borrowers in the United States. Designed to make student loan repayment more affordable, the SAVE […]
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Are you drowning in student loan debt? Are you juggling multiple monthly payments and struggling to keep up? It’s time to take control of your financial future and simplify your repayment journey by consolidating your education loans. In this ultimate guide, we will show you how to save money and streamline your loan repayment process. […]
Understanding how to calculate your discretionary income is super important if you have student loans. It helps you figure out how much you might need to pay each month. Let’s break it down step by step, with some easy examples, so you can see how it’s done. We’ll keep everything simple and clear. What is […]
“By a vote of 6-3, the Supreme Court justices ruled that the Biden administration overstepped its authority in 2022 when it announced that it would cancel up to $400 billion in student loans. In a statement issued by the White House, President Joe Biden called the court’s decision “wrong” and promised that “this fight is […]
Navigating student loan repayment can feel like a daunting task, especially when your monthly payments strain your budget. That’s where the Income Based Repayment Plan (IBR) comes in. Designed to make student loan debt more manageable, IBR plans can adjust your monthly payments. These new payments are based on your income and family size. This […]
Refinancing your student loans can be a smart financial move, potentially saving you thousands of dollars over the life of your loans. But what exactly does refinancing entail, and how can you make it work for you? In this guide, we’ll break down the process and benefits of student loan refinancing, helping you navigate your […]
Feeling overwhelmed by your student loan payments? Don’t worry, there are several ways to make them more manageable. Here’s a guide to help you lower those monthly payments: 1. Income-Driven Repayment Plans These plans adjust your payments based on your income and family size, potentially reducing your monthly payment significantly. Each plan has it’s own […]
What’s going on with Coronavirus & student loans? The Coronavirus pandemic has forced many businesses, including schools and universities, to operate differently than they used to. Some schools have closed, and others have turned to virtual learning options. Many recent graduates have lost their jobs, had their hours cut, or accepted lower wages. But what […]
The cost of a college education has risen dramatically in recent years. According to U.S. News & World Report, the average cost of tuition and fees for the 2019–2020 school year was $41,426 at private colleges, $11,260 for state residents at public colleges, and $27,120 for out-of-state students at state schools. Unless you are independently […]
If you’ve just graduated, it’s time to face the music on your student loans. Your grace period will be over in a matter of months, and average student loans now total over $34,000 per person. There are some common mistakes you can avoid as you begin repayment, that can save you thousands of dollars in […]
Many Americans struggle to pay their student loans. In fact, 10.8% of student loan borrowers are delinquent or in default on payments – that’s 5.5 million people. On average, 3,000 people default on their loans every single day. With the student loan crisis worsening over time, and the debt-to-income ratio for recent graduates getting closer […]
It has often been said that “modern problems require modern solutions,” and the current $1.56 trillion dollar student debt crisis is indeed a modern problem. As the average student of higher education graduates with over $32,000 in federal student loans that they will pay on for over 21 years, an increasing number of recent graduates […]
If you left college with a lot of student loans, and have started to struggle keeping up with payments along with daily expenses, you may be wondering if you can skip a few payments – or stop paying on your loans altogether. For some college graduates, their loan payments are so high that they are […]
Are you considering doing a student loan consolidation? If so, you’re in the right place. We’ll give you the lowdown on consolidation, when it’s a good idea and even show you how to consolidate student loans. Here’s what we’ll cover: What is Student Loan Consolidation? When is Student Loan Consolidation a Good Idea? Should You […]
Student loan debt has skyrocketed up to $1.56 trillion in 2020, with a total of 45 million borrowers across the United States. That makes federal student loan debt the second highest debt category for consumers, behind mortgage debt, but beating out credit cards and auto loans. Private student loan debt makes up another $7.8 billion […]
Are you wondering what happens to your student loans when you drop out? You’re not alone. Let’s take a look at a few statistics. Just 56% of people who enter an American college will graduate within 6 years. 29% of people who enter two-year programs graduate within 3 years. Do these dropout rates seem outrageously high […]
What’s the difference between subsidized vs. unsubsidized student loans? When it comes time to pay for college, most Americans will seek out financial assistance. Whether this is in the form of scholarships, grants, loans, and/or work-study programs, each helps to provide the opportunity for higher education. When it comes to loans, you can apply for […]
Joe Biden: Policies on Student Loans & What It Means For You If Joe Biden does indeed emerge from the pending litigation and recounts of the current presidential election as the 46th President of the United States, there will be some changes coming to student loans. Biden has made some big promises, as well as […]
Many people have wanted student loan forgiveness for military spouses to become a reality for a long time. Some have wished for a disabled veterans spouse student loan forgiveness. All of it makes perfect sense. Shouldering the responsibility of raising a family by yourself while your partner doing a military service is no easy feat. […]
Are you a student who has taken out loans to fund your education? If so, you may be wondering how those loans could impact your tax refund. In this comprehensive guide, we will explore the relationship between student loans and tax refunds, providing you with all the information you need to know. Student loans can […]
If you’re looking for a way to have some of your Federal student loan debt forgiven, you may want to look into Public Service Loan Forgiveness (PSLF). In order to qualify, you must be employed by a U.S. federal, state, local, or tribal government or not-for-profit organization that is tax-exempt under Section 501(c)(3) of the […]