Can Private Student Loans Ever Be Discharged Through Bankruptcy?

Student loan debt is a growing problem in the United States. The current debt tally recently exceeded $1.5 trillion shared by 45 million student loan borrowers according to LendEDU. That’s a huge number by itself. It’s made more problematic by the fact that the national federal default rate exceeds 11 percent. While many struggle with […]

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 […]

How To Pay For College Without Student Loans

College debt is holding back many young Americans from starting families, buying homes, or taking on any type of entrepreneurial risk. When you have student loans, you need consistent income and can’t hold out for your dream job. For many borrowers, things like vacations, weddings, and even creature comforts can’t be squeezed into the budget. […]

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 […]

What Are Retirement Target-Date Funds and Why Should You Care?

Saving for retirement is hard and keeping track of your investments makes the process even more tedious. Reassessing our risk tolerance is crucial as we age though, which means occasionally rebalancing our retirement portfolios. Sure, you could pay a financial advisor to take care of your 401k, but that’s money very few recent college graduates […]

Getting Better Deals From Banks and Credit Card Providers

I changed banks for the first time in a decade last month, although it’s not a move I actively sought. I had a checking account with a large national bank that required a $100 minimum balance at all times. If I ever dropped below $100, a $15 fee would be charged at the end of […]

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 […]

How to Use the Student Loan Repayment Assistance Program to Promote Employee Health and Wellness

The idea that employers can play an integral role in the health and well-being of employees is fairly straightforward: we spend so much time at work, and therefore, healthy work environments that promote wellness can go a long way towards improving the quality of life of the employee.  According to one analysis, we spend an […]

LoanGifting Matters: La’Fanique Reed

Welcome to our new series, LoanGifting Matters. In this series, we’ll profile extraordinary LoanGifters who are working tirelessly to pay back their student loan debt – and who need our help to live debt-free lives. Today’s post features community member La’Fanique Reed. Meet La’Fanique Reed La’Fanique Reed graduated from the Mississippi State University with a […]