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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 »
Colleges have faced innumerable challenges during the COVID-19 pandemic. And the way they’ve responded to those issues should influence how prospective students evaluate them. Online learning, strict campus rules and lingering economic concerns have left many students wondering if their college investment will be worthwhile. As a result, fall 2020 enrollment declined by 2.5% —…
5 Things to Consider When Picking a College in the COVID-19 Era Read More »
Congress just gave your employer a good reason to help pay off your student loans. And unlike many student loan relief programs, this one includes private loans. The December 2020 coronavirus relief law gives your boss the opportunity to chip in up to $5,250 a year toward your student loan balances without triggering extra taxes…
It’s Now Easier Than Ever for Your Boss to Pay Your Student Loans Read More »
Federal student loan borrowers are waiting with bated breath to see whether loan forgiveness — which President-elect Joe Biden says he’ll make a priority — becomes a reality. Industry experts say borrowers shouldn’t count on it. “I think we’re closer to loan forgiveness than we’ve ever been before, but that doesn’t mean I think we’re…
Hoping for Student Loan Forgiveness Won’t Pay the Bills Read More »
The best law school loans of 2020 Best Member Perks: SoFi Best for Good Grade Rewards: Discover, Member FDIC Best for Longest Grace Period: Earnest Best for Multi-Year Approval: Citizens One Best for Bar Exam Studying: PNC Bank Most Repayment Term Options: College Ave The best law school lenders at a glance Lender Loan Amount
The Best Law School Student Loans Read More »
*UPDATED AS OF DECEMBER 23, 2020 If you’re struggling to make ends meet due to the impacts of Coronavirus, a second stimulus could be coming. The Coronavirus Response and Relief Supplemental Appropriations Act of 2021 – a $900B relief package to deliver the second round of economic stimulus for individuals, families, and businesses was passed
What the Stimulus Package Means for You Read More »
If she could do it over, Vy Chuong says she would. Chuong, 26, from Seattle, refinanced roughly $55,000 in federal student loans with a private lender in February. A month later, the government suspended most federal loan payments interest-free until September. That break has since been extended through January 2021. Chuong’s new loan doesn’t qualify….
Should You Refinance Part of Your Student Loans? Read More »
Political pressure is building to discuss our nation’s $1.6 trillion in student loan debt. In fact, last month more Google searches for “student loan debt” were made than ever before. 1.6 trillion is a difficult number to visualize or wrap your head around. We love playing with data and thought we’d take a unique perspective
The options available for student borrowers and for student loan consolidation can seem almost endless. There are public student loans and private student loans, and they come in an enormous variety of lengths, interest rate, and monthly payments — it seems like deciding which student loan is the best for you can seem like a
The Difference Between 10-Year vs. 20-Year Student Loans Read More »
Millions of student loan borrowers who haven’t had to make a payment since the pandemic shut down the nation last winter just got an additional reprieve. The payment pause, known as a forbearance, began March 13 as part of the original coronavirus relief package and has now been extended twice by the Trump administration, most…
Federal Borrowers Get to Skip Another Student Loan Payment Read More »
