Disabled Veterans May Receive Automatic Student Loan Forgiveness Under New Bill

‘FREED Vets Act’ Would Provide Average Benefit of $24,000 in Loan Forgiveness Per Eligible Disabled Veteran Nearly 34,000 disabled veterans may receive automatic and total forgiveness for federally-guaranteed student loans. That’s the object of new legislation introduced in the House. The bill, entitled the Federally Requiring Education Debt Discharges for Veterans Act, or FREED Vets […]

Teachers Union Sues Dept. of Education Over Denied Public Service Loan Forgiveness Claims

Imagine being a schoolteacher, cop, firefighter, social worker or some other public service worker with a big student loan debt. You went into the field a decade ago knowing the pay wasn’t the greatest. But you expected you’d be able to discharge your remaining student loan debt after ten years in public service. That was […]

10 Personal Finance Instagram Accounts to Follow

We’ve got 10 awesome personal finance Instagram accounts for you to follow ASAP! Expect a mix of for motivation, tips, tricks, advice, and awesome stories on paying off student debt. @TheFinancialDiet If you need help with some financial basics, like how to create a budget or automate paying bills, @TheFinancialDiet is a great IG to […]

How does student debt affect the U.S. economy?

We know student debt affects millions of individuals negatively. But how does student debt impact the overall U.S. economy? Read on for 3 big ways student loan debt creates problems for the U.S. economy, as reported by the Washington Post. Problem # 1 Small business decline According to a study by the Federal Reserve Bank […]

Kamala Harris on Student Loan Debt

Kamala Harris on Student Loan Debt By most polls, California Senator and former state attorney general Kamala Harris is currently running third in the Democratic primary. She’s behind former Vice President Biden and Senator Bernie Sanders. She’s ahead of Massachusetts Senator Elizabeth Warren in some polls and behind in others.  We tackled Biden’s track long […]

Senator Bernie Sanders’ Student Loan Plan

Senator Bernie Sanders (I-Vermont) has rolled out his plan to address student loan debt, and it’s a doozy. First, Sanders proposes we cancel all $1.6 trillion of outstanding student loan debt outright – including both federal and private loans. This would directly affect about 45 million Americans. The direct savings for the average student loan […]

Student Loan Tax Elimination Act Introduced in Senate

A new bill in the Senate, the Student Loan Tax Elimination Act, would eliminate student loan origination fees on federal loans. If approved, the measure could save borrowers billions over the next five years. Supporters say that origination fees on student loans amount to a “hidden tax” on student loan borrowers. And since the Department […]

4 Totally Free Ways to Combat Financial Stress

Money is a top cause of stress for Americans, with 72% of Americans feelings stressed about money at least once a month, according to the American Psychological Association.  However, finding ways to relax, unwind, and combat stress is crucial to maintaining physical, mental, and emotional health. If you’re currently stressed about your student loans, debts, […]

Joe Biden and His Controversial History With Student Loans

Under current law, federal student loans are generally not dischargeable in bankruptcy. Borrowers have Joe Biden to thank for that. In contrast, most other forms of consumer debt can be discharged through the bankruptcy process.  Only a limited number of debts, such as child support payments, alimony, overdue taxes, and criminal fines, are non-dischargeable. But […]

Do you regret your college degree?

Do you regret your college degree? A shocking new statistic finds that many Americans do, in fact, regret their college education. According to a PayScale survey of 248,000 respondents, almost two-thirds of employees have regrets about their degrees. In fact, almost 27% of workers with college degrees stated that their student loan debt was their […]

Renting an Apartment With Student Loan Debt Problems

You want to rent an apartment, but you’ve got oodles of student loan debt. Maybe you’ve been late on some payments. Maybe you’re even in default. Can you still rent an apartment with student loan debt headaches? Probably. But it might not be easy. Here’s the scoop: What landlords want Landlords have two basic priorities: […]

How To Improve Your Credit Score

Good news for the country: The average credit score is at a record high of 704. That’s according to the Fair, Isaac Corporation, the company that produces the most commonly used credit scoring product in the U.S. today, the FICO Score. If you’ve had credit issues in the past, or if you are simply new […]