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 […]

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, […]

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 […]

Consolidation Loan Separation Act May Provide Relief to Victims of Domestic Violence and Abuse

Joint Consolidation Loan Separation Act Aims to Help Divorced Joint Borrowers Get Back on Their Feet. It seemed like a good idea at the time. Shannon DeBlieck and her then-husband used a now-defunct federal program to consolidate their separate loan amounts together into a single payment. She owed $4,000, and he owed $19,000. The balance […]

Pros and Cons of Income Sharing Agreements (ISAs)

No matter how you slice it, college is expensive. The average debt load per student borrower reached $37,000 in 2017 and most proposals floating around Washington involve managing that debt, not making college cheaper. College costs keep climbing and will probably continue on that track for the foreseeable future. However, student loans aren’t the only […]