Category: Student Loans & Repayment


How To Qualify for Public Service Loan Forgiveness

Posted on March 8th, 2020

Public Service Loan Forgiveness (PSLF) is a fantastic program is you can qualify for it. PSLF forgives the remaining balance on your federal student loans if you meet certain requirements, which include working full-time in a public service position while repaying your student loans.

The program is in danger of being cut in President Trump’s latest budget. However, this change would only apply to student loans taken out on or after July 1, 2021. Therefore, if you’ve been making payments under this program up to this point, you are still eligible.

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Forgiving student debt would boost the economy, say experts

Posted on January 16th, 2020

Student debt is at over $1.6 trillion. That’s a lot of money that needs to be paid back to the federal government, lenders and college.

But what if it didn’t have to be paid back? Where would it go?

According to economists, it would go toward spending, like purchasing homes, cars and other necessities. All of this would help boost the economy, they say.

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Video: How do student loans work?

Posted on November 19th, 2019

College-bound students will be receiving their financial aid packages within the next couple of months — and many of them will come with student loans.

But many students — even those already attending college — don’t really understand how student loans work. That’s despite nearly 70% of students graduating with student debt.

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Student Loan Repayment: What are my options?

Posted on April 13th, 2019

As this year’s class of college seniors prepares to graduate, they may (and should) be wondering about repaying their student loans.

This video from the office of Federal Student Aid provides a good breakdown of your options for repaying student loans, including consolidation and alternative repayment plans.

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More borrowers may qualify for public service loan forgiveness

Posted on April 4th, 2018

A new bill passed by Congress will make it easier for student loan borrowers to qualify for student loan forgiveness, CNBC reports.

The bill gives the Department of Education $350 million to offer forgiveness to student loan borrowers who meet all requirements for public service loan forgiveness except that they were enrolled in graduated or extended repayment plans, which were ineligible for relief.

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Yes, student loans have origination fees too

Posted on January 22nd, 2018

Most people understand that student loans come with interest — which can add several thousand dollars onto the life of the loan, especially if you extend out your payments.

But many people don’t realize that federal student loans also come with origination fees, much like mortgages or car loans, which can add significantly to student debt totals.

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Your grace period’s over — here’s how to deal with student debt

Posted on November 19th, 2017

Since it’s now been six months since May college graduates left school, it’s time for them to confront the reality of paying off their student debt. The end of the student loan grace period means that students will start receiving bills from their student loan servicers.

Here’s how to take control of your student debt once your grace period is over — and what you can do before to make it easier.

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Student loan balances have increased nearly 150% in last decade

Posted on September 5th, 2017

"In most cases, higher education is worth the investment because student loans pay off in the form of higher income over time. However, it's especially important for young people to understand the terms of their loans." -- Rod Griffin, director of public education at Experian

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Tips On Paying Off Student Debt While Saving For Retirement

Posted on May 17th, 2017

Student debt continues to be a major issue for college students and graduates in the U.S.

U.S. total student debt is now over $1.4 trillion, and the average debt for a college graduate in 2016 was $37,000. And 44 million Americans now have student debt to their name.

The video below gives tips on how student loan borrowers can avoid falling behind on their payments. It also explains why millennials should be saving for retirement even if they have student debt.

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Student Loan Refinancing Companies: Credible

Posted on April 17th, 2017

The second post in our student loan refinancing companies series focuses on Credible, a student loan refinancing marketplace that gives you access to multiple lenders with just one application.

Credible doesn’t do any lending itself, but rather aggregates personalized offers from different lenders, including banks and online companies. This allows you to apply for refinancing with multiple lenders all in one place.

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