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Federal student loans come with fixed interest rates, but if you apply for a private student loan, you may be offered a fixed or a variable rate. In most cases, a fixed-rate student loan is the better choice, but there are some situations where it might make sense to opt for a variable rate instead. […]
Fixed or Variable Student Loan Rate: Which Is Better? Read More »
Cecilia Clark writes for NerdWallet. Email: cclark@nerdwallet.com. The article Voices Backing Student Debt Cancellation Rise at Protest originally appeared on NerdWallet.
Voices Backing Student Debt Cancellation Rise at Protest Read More »
Whether you’re still in school or no longer attending, keeping tabs on your student loan balance can help you budget for payments and ensure you borrow only what you can pay back. How to check your student loan balance depends on whether you have federal or private student loan debt. Read on for more information
How to Find Your Student Loan Balance Read More »
If you’re planning to take out student loans to pay for school, it’s generally possible to get approved without a cosigner. There are, however, some exceptions, so it’s important to know what to expect before you apply. Can You Get a Student Loan Without a Cosigner? Federal student loans are available to all eligible students
How to Get a Student Loan Without a Cosigner Read More »
Your grace period is almost over and soon you’ll have to pay back your student loans. Here is every possible way you could do that. Your grace period is almost over and soon you’ll have to pay back your student loans. Here is every possible way you could do that. The post How To Pay
How To Pay Back Your Student Loans Read More »
Wondering if Juno student loans are right for you? Check out our review of the organization and learn more about their products.Wondering if Juno student loans are right for you? Check out our review of the organization and learn more about their products. The post Juno Student Loans Review 2023 appeared first on Money Under
Juno Student Loans Review 2023 Read More »
While a college education can create opportunities for your future, it’s not cheap. According to College Board, the average annual non-resident tuition for four-year public schools is $28,240 for the 2022-23 academic year, and that jumps to $39,400 for private nonprofit four-year schools. If you can’t afford to pay for college on your own through
Qualifying for Student Loans: What You Need to Know Read More »
If you withdraw from your college courses or drop below half-time enrollment, payments on your student loans will begin shortly thereafter. Before you make the decision to drop out, it’s important to understand how your student loans will be impacted, as well as your eligibility for financial aid in the future if you plan to
What Happens to Student Loans if You Drop Out? Read More »
It’s been over two and a half years since Trump first enacted a relief policy that hit the pause button on federal student loan bills and their accrual of interest. The White House’s latest update revealed that the deferment of student loan repayments has been extended once more, but that they’ll recommence at some point
State of Student Loans in December 2022: Deferment, Forgiveness Plans, and What to Do Read More »
Biden’s new plan will erase $10k of student debt for millions of borrowers. But will you qualify? Here’s all you need to know.Biden’s new plan will erase $10k of student debt for millions of borrowers. But will you qualify? Here’s all you need to know. The post What the new student loan forgiveness means for
What the new student loan forgiveness means for you Read More »
Having access to federal financial aid can make it easier to afford a college education. But if you lose your eligibility for aid, you may be on your own. Fortunately, there may be options for regaining financial eligibility after its suspension. Here’s what you need to know. Possible Reasons for Financial Aid Suspension There are
How to Get Back Your Eligibility for Financial Aid Read More »
Students wondering how to pay for college typically turn to two key funding options: loans and scholarships. Borrowers are generally on the hook to repay student loans with interest, while scholarship awards are free money — meaning you never have to pay them back. Even if scholarships don’t fully cover your college costs, they can…
How Is a Student Loan Different From a Scholarship? Read More »
Student loans can provide much-needed help in paying the high cost of a college education. On average, consumers in the U.S. have an average of $39,487 in student loan debt, according to Experian data. Starting your career and the rest of your life with that much debt can be a heavy burden to bear. So,
4 Things to Consider Before Applying for a Student Loan Read More »
For the most up-to-date information on federal student loan forgiveness, go to the U.S. Department of Education’s Federal Student Aid website. Applications for federal student loan forgiveness under President Biden’s new debt relief plan became available in October 2022. The plan is currently on hold due to a court order, but borrowers are still encouraged
Don’t Forget These Important Student Loan Forgiveness Dates Read More »
If you’re wondering how to get out of debt, you’re not alone. Around 64 million Americans have some form of debt. And it’s not just credit card debt keeping people up at night. According to the credit-reporting agency Experian, Americans’ consumer debt adds up to more than $15 trillion. While each individual’s circumstances vary, trends
How to Get Out of Debt in 6 steps Read More »
You can refinance student loans to get a lower interest rate, negotiate better loan terms, and to work with only one lender.You can refinance student loans to get a lower interest rate, negotiate better loan terms, and to work with only one lender. The post Best companies for student loan refinancing in 2022 appeared first
Best companies for student loan refinancing in 2022 Read More »
The Department of Education is reconsidering what counts toward income-driven repayment forgiveness. Starting in November 2022, borrowers who have been paying their federal student loans for 20 years or longer can expect to see the remainder of their debt discharged, while millions more will move significantly closer to forgiveness. Income-driven plans offer reduced payments over 20…
Q&A: The New Student Loan Income-Driven Repayment Waiver Read More »
The 8th U.S. Circuit Court of Appeals has granted an emergency stay pending the appeal of a lawsuit seeking to delay the scheduled rollout of the Biden administration’s promised student debt relief. In other words, borrowers hoping to see $10,000 or $20,000 wiped from their debts will have to wait while this lawsuit proceeds; hearings…
Lawsuit Stalls Student Debt Relief: What Now? Read More »
Full student loan forgiveness could be closer than you think under temporary rules for Public Service Loan Forgiveness, or PSLF — but time is running out to apply. “They should rush to get this done because the program is far more inclusive than it’s ever been in the past,” says Kristen Ahlenius, an accredited financial…
Time’s Almost Up to Apply for Bigger Student Loan Forgiveness Read More »
You may be celebrating if you qualify to receive the recently announced federal student loan forgiveness. In some states, however, you could be taxed on the forgiven portion. What felt like a clean slate for many student debtors may now have an unexpected smudge, but only a limited number of recipients could face taxation. How
Will My Student Loan Debt Forgiveness Be Taxed? Read More »
