Sen. Elizabeth Warren’s Student Loan Forgiveness Proposal

The student loan crisis is taking center stage in the 2020 presidential election campaign.  The numbers are attention-grabbing: student loan debt is now the second biggest form of outstanding consumer debt. With more than $1.5 billion in student loans debt outstanding, education debt eclipsed credit card debt almost a decade ago. Only mortgage debt is […]

The Ultimate Guide To Student Loan Debt Over 60

You have student loan debt, and you’re over 60. Can you retire? Is it even possible? Those are questions more and more older Americans are facing as they enter their retirement years. First of all, they’re borrowing more. Both parents and grandparents are going into debt to finance their children’s and grandchildren’s college educations.  Americans ages […]

Sen. Marco Rubio Student Loan Plan Benefits Vast Majority of Future Borrowers

Senator Marco Rubio (R-Fla.) has jumped into the student loan policy ring with a series of new proposals, introduced in the Senate as the Leveraging Opportunities for Americans Now Act of 2019 — or the LOAN Act <groan>, for short. Here’s a brief look at the Marco Rubio student loan proposal and how it will […]

What Happens When You Default on Student Loans

If you’re recently out of school, and you have student loan debt, you need to understand what happens when you are delinquent on a student loan and what happens if you default. And you need to do everything in your power to make sure that neither of these things happens. Delinquency If you miss a […]

Health Professional Student Loan Repayment Programs by State

There has been gallons of ink spilled over the well-known federal Public Service Loan Forgiveness Program at the federal level. While only a few people have qualified to have their student loan balances forgiven under this program thus far, that will change as the months roll on, and more and more people will have made […]

How To Drop Your Co-Signer From Your Student Loan

According to information from the Consumer Finance Protection Bureau, more than 90 percent of student loans are now issued with a cosigner – up from 68 percent in 2008. Lenders love cosigners, of course, because they provide substantial additional security for their loans – at next to no additional cost to them. Most of the […]

Don’t Panic! Here’s How to Get Out of Default on a Student Loan

So you’ve defaulted on a federal student loan. Now what? Well, not too many people default on purpose. The federal government knows that good people can go into default for all sorts of reasons, including layoffs, income instability, medical issues, and poor financial organization skills. The good news is, there are three reliable paths out […]

The Trump Student Loan Plan – What It Could Mean For You

The Trump Administration released a series of education reform proposals this week that, if enacted, could have a substantial impact on college-bound students and student loan borrowers. The White House released the proposal as Congress prepares to reauthorize and amend the Higher Education Act. Both the Administration and Congress are grappling with a huge and […]

New Bill in Congress Would Help Student Loan Borrowers Get Assistance From Employers

There’s a new effort underway in Congress to help workers repay student loans. A new Senate bill would allow employers to provide up to $5,250 in student loan repayment assistance tax-free to their employees. The bill, sponsored by Senators John Thune (R-SD) and Mark Warner (D-VA), is dubbed the Employer Participation in Repayment Act. If […]

Read This Before You Refinance Your Federal Student Loans

For many people, refinancing your student loans can save on interest. You can refinance just one loan, or you can consolidate multiple student loans into a single loan with just one monthly payment to keep track of. In many cases, refinancing or consolidation can help lower your payments, get you out of debt faster, or […]

Borrower Defense Rule Benefits Former Students of Scam Colleges

Thousands of former students with loans from unethical or fraudulent private colleges have received relief from student loan debt. These former students qualified under a Department of Education rule called “borrower defense to repayment.” This rule may apply if your school engaged in fraud or deception in order to entice you to borrow money. Criteria […]