5 Tips for Buying a House with Student Loans

The thought of buying a house with student loans can be daunting, but that doesn’t mean it’s impossible. With a proper strategy in place, and the willingness to do whatever it takes to save for a home, you could be well on your way to pursuing the purchase of your first home.   Do Student Loans […]

Student Loans Delay Retirement Saving – But College Degrees Still Worthwhile

According to Fidelity data, the dollar-weighted average 401(k) balance for the youngest cohort of investors – those just starting their careers – is $11,600. That’s not bad But the median 20-something has a 401(k) account balance much lower than that – just $4,000. And that’s only of the subset of 20-somethings that has a 401(k) […]

Graduating Soon? Here’s What to Know About Student Debt

Editor’s Note: The following article is guest post from our friends at LendEDU.  Our goal is to give readers the tools and information they need to manage their student loan debt.   If you’ll soon be walking across the stage to accept your degree, you may be wondering what comes next when it comes to your […]

Millennials and Gen Xers: How Much Should You Have Saved for Retirement by Now?

Retirement seems like it’s a long way off. But it will be around the corner before you know it. In fact, It could even come sooner than you expect: A significant number of Americans are forced to retire ahead of schedule, due to a variety of factors.  But let’s assume you’ll retire on schedule in […]

The Ultimate Guide to Buying a Car With Student Loan Debt

There’s no doubt about it – if you’ve graduated with significant student loan debt, that can absolutely complicate your ability to qualify for a car loan. But unless you live in a big city with a good public transportation system, you need a car to get to job interviews and back and forth to work. […]

Dreams vs. Student Loan Debt

Most people attend college and university for a similar reason. Potential students want to prepare for a career that will improve their future and positively impact the world. However, new evidence shows that attending college – and the subsequent student loan debt that comes with – is making graduates ditch their dreams. Drowning in debt […]

Are you making this common savings mistake?

Saving for the future is hard. But, saving for the future can feel downright impossible when you have student loan debt. Currently, 3/4 of Americans of all ages have at least one regret about how they’ve managed their finances, according to a recent report from Bankrate. However, every generation feels remorse about specific financial troubles. […]

Understanding the Risks of Refinancing Your Student Loans

When you have student loans, you have a lot to worry about. Tracking your spending and keeping payments on schedule can be difficult enough, especially if you need a mountain of documentation for a federal relief program like PSLF. Relief options like consolidation, refinancing, and income-driven repayment are a big boost for borrowers, but doing […]

Student Loan Debt Deferment and Forbearance: FAQ Guide

Student loan debt deferment and forbearance are two options borrowers have to temporarily delay their loan payments. Under specialized circumstances, student loan debt deferment or student loan debt forbearance allows borrowers to: Temporarily stop making federal student loan payments Temporarily reduce the amount of your federal student loan payments Private lenders have different rules and […]

Student Loan Debt Statistics in 2019

Student loan debt has ballooned to its highest levels ever in the United States. In 2019, 44 million U.S. borrowers collectively owe $1.5 trillion in student loan debt, according to Forbes. This is the highest amount ever owed before. It’s no wonder experts agree, “America’s $1.5 trillion student-loan crisis has spiraled out of control.” Read […]

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 […]