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If money is tight, it may be nerve-wracking to allow your student loan payment to be automatically pulled from your bank account each month. But if you can get your budget in shape with enough buffer, enrolling in autopay for student loans can land you an interest rate deduction up to 0.25 percentage points. What […]
How Can Student Loan Autopay Save You Money? Read More »
John Schneider and David Auten were living lavishly, with designer jeans, expensive parties, and frequent dinners out where they would pick up the tab for a round of drinks or pricey bottle service. The couple, who are based in Las Vegas, soon realized they were facing more than $50,000 in debt, living in a basement
Why Saving and Debt are Big Problems for LGBTQ+ People Read More »
For years, federal loan forgiveness programs have been criticized for their overly-exclusive and often confusing eligibility requirements. This has led to thousands of borrowers being unexpectedly denied the loan forgiveness they had been working towards for years. But for some borrowers, that relief is finally coming. On April 19th, the U.S. Department of Education announced
Who Is Eligible for Biden’s Plan to Expand Student-Loan Debt Forgiveness Access? Read More »
Electricians typically work in various locations such as homes, businesses, factories and construction sites to install, maintain and repair electrical power, communications, lighting and control systems. Electricians need a high school diploma before entering into a paid apprenticeship program that typically lasts four or five years. Electricians will also need to be licensed to work…
How to Become an Electrician Read More »
Student loan default starts the same way for everyone: a missed payment. Then, another. And another. Until nine total months — about 270 days — pass and your loan defaults. Three months later, it gets much worse. A debt collection agency now holds your debt, and you owe them the total balance of your loan…
Are You At Risk of Student Loan Default? Read More »
Community college tuition and fees for local residents cost $3,800 on average for the 2021-2022 academic year, according to the College Board’s report Trends in College Pricing and Student Aid 2021. When accounting for books, room and board, transportation and other expenses, the average annual total cost of attending community college was estimated to be…
How Much Is Community College Tuition? Read More »
Students are taking on more debt than ever for an education, and Black Americans are reportedly facing more of the burden than other demographics. On average, Black college graduates have $25,000 more in student debt than white college graduates do, according to the Education Data Initiative. And four years after graduating, almost half of Black
Why Student Debt Hits Black Americans Hardest Read More »
Applying to college typically comes with some uncertainty, but this year’s applicants are tackling one additional question: What should you do when a pandemic has limited what goes into your college applications? Many extracurriculars, including sports and clubs, couldn’t go on during the pandemic. And many school districts across the country, recognizing the challenges the…
Transcript Gaps? A Strong College Application Remains Possible Read More »
If you’re one of the millions of Americans with student debt, you may be curious if you qualify for student loan forgiveness, and how to apply for it. Student loan forgiveness programs allow the government to eliminate some or all of the federal debt that a student owes, meaning that they’re no longer responsible for
Understanding Student Loan Forgiveness Read More »
With Covid-19 federal student loan relief scheduled to end on January 31, 2022, you might be wondering what you can do to reduce your student loan payments. One consideration is consolidating your student loans, which can potentially lower your interest rate and the amount you owe each month. But it’s important to know some of
What to Know about Student Loan Consolidation Read More »
Federal student loan borrowers anticipating the return of their regular student loan payments Oct. 1 can once again breathe a sigh of relief: The pause will continue through Jan. 31, 2022, the Department of Education announced Friday. The department says the extension — the fourth since March 2020 — will be the last. As with…
Get Ready: Student Loan Payments Come Back for Real Feb. 1 Read More »
Millions of student borrowers have had a long break from monthly loan payments, but Starting September 30, 2021, they may need to start repaying again. That’s when a forbearance period for federal educational loans that began in March, 2020, at the height of the Covid-19 pandemic, is slated to end. The postponement of loan payments
Making a Plan for Repaying Federal Student Loans Read More »
If you need solutions for your student debt: Find help: Options for legit student loan help resources and organizations to contact. Pause payments: Find out the differences between student loan forbearance and deferment. Get out of default: Learn the consequences of and remedies for defaulting on your student debt. Declare bankruptcy: Explore how to discharge student debt…
How to Go Back to School With Defaulted Student Loans Read More »
Life after college graduation can be… a lot. You don’t really appreciate the bubble of campus living until you step out into the great unknown. One day you’re worried about studying for exams and writing papers, and the next you’re figuring out how to make rent and put bread on the table. It gets easier,
How to Prepare For Life Post-Graduation Read More »
Stories of college graduates struggling to deal with their student loans are enough to scare away any bright-eyed college hopeful. If you’re thinking about college or in school right now, there are plenty of steps you can take to help reduce the amount of student loan debt you’ll be saddled with after graduation. Reducing student loan debt while you’re still
How To Reduce Student Loan Debt While You’re in School Read More »
Historically, around 30% of undergraduate students are the first in their family to attend college. And that can leave them lost and behind in the college admissions process. First-generation college students don’t have the same points of equitable access to college as do other students, says Deana Waintraub Stafford, associate director for the Center for…
How 2 First-Gen College Students Got Into Their Dream Schools Read More »
We all know the big story: College is great, but it’s expensive. Let’s start with the “great” part. Simply put, a college education means a big bump in income. A report by John Winters at the Fordham Institute concludes that the national mean earnings for a person with a bachelor’s degree is $92,608, compared to
6 Ways To Avoid College Loans Read More »
To showcase how our Minters are achieving their financial goals, we reached out to everyday Mint users, just like you, to share their stories. Whether it’s reaching an emergency fund goal, or making progress in paying off student loans, we’re inspired by the dedication you’ve shown in working toward your goals and dreams. One of
Real Minter Story: Kimberly Read More »
The maximum amount undergraduate students can borrow in federal student loans each year is $12,500. If you’re attending a private college, that will only cover about a third of your annual cost of attendance. If your savings and federal loans fall short, you’ll probably need to apply for private student loans to bridge the gap. Although
Best Bad or No Credit Student Loans of 2021 Read More »
To help student loan borrowers avoid scams, NerdWallet is rounding up information on legitimate sources of help, like this one. Organization: National Foundation for Credit Counseling. Mission statement: “Since 1951, the National Foundation for Credit Counseling (NFCC) has helped millions of people lead a more financially fit life. As the largest and longest-serving nonprofit financial…
National Foundation for Credit Counseling Review: Student Loan Help Read More »
