Tag: college debt


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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Colgate University eliminates loans for families making under $125k

Posted on August 14th, 2019

As a Western New York-based business, we love seeing Upstate New York colleges making positive changes — especially when it results in lower student debt.

Colgate University, a prestigious college located in Hamilton, NY, recently announced a new no-loan initiative for students with a total family income up to $125,000.

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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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Student Loan Refinancing Guide: SoFi

Posted on March 21st, 2017

With private student loan interest rates on the rise, and the high cost of college forcing many students and parents to take on debt to pay for college, student loan refinancing has emerged as an option for borrowers to reduce their interest rates (depending on their credit score) and save money on repayment.

Find out why you should consider refinancing your student loans, and learn about SoFi, one of the best-known student loan refinancing companies.

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Scary facts about student debt

Posted on October 31st, 2016

Many of the statistics on student debt in America are shocking — and it’s only getting worse.

National student debt has surpassed $1.3 trillion and is growing by the second.

With the average college student graduating with over $37,000 in student debt in 2016, the trend will only continue.

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When college costs don’t add up

Posted on June 7th, 2016

"You really want to keep the debt burden to around the size of your expected first-year salary for the career you’re going into." -- Greg Potts, VP of Enrollment Management at Becker College

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Borrowers jet to dodge student debt

Posted on January 21st, 2016

"The debt will still be there—it never goes away. All they're doing is putting off what could happen if they come back to the US." -- Joshua Cohen

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New York’s new student loan forgiveness program

Posted on January 4th, 2016

Finding a job right after graduating can be tough. And for graduates with student debt, there’s added pressure to find a job and make enough money to afford student loan payments once their grace period has ended.

Luckily for college graduates in New York state, there’s a new student loan forgiveness program that makes it easier for them to adjust to life after college–without having to repay their student loans.

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This is what millennials really want for Christmas

Posted on December 12th, 2015

Wondering what to get the millennial in your life this Christmas?

Consider giving them something they probably need: a gift toward their student loan payments.

According to MarketWatch, a new site called LoanGifting allows family, friends and others to make payments directly toward someone’s student loans.

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