IntroductionSecuring student loan forgiveness can be a difficult process. Recently, a significant legal victory was achieved by 19 states and the District of Columbia. They sued Betsy DeVos’ Department of Education over its failure to implement a rule that would protect borrowers harmed by for-profit colleges. This article explains the…
UPDATE: Federal court blocks further forgiveness and payment reductions under the new SAVE program. 10th Circuit Court of Appeals Partially Reverses Injunction. UPDATE: This article has been updated June 30th to reflect the U.S. 10th Circuit Court of Appeal’s action to stay the injunction placed on the SAVE program pending…
Student Loan Forgiveness: Department of Education Announces Major Relief Student loan forgiveness is taking a big leap forward. On Tuesday, April 19, 2022, the current presidential administration and the U.S. Department of Education announced sweeping reforms for student loan forgiveness and income-based repayment programs. Immediate Student Loan Forgiveness for Thousands The…
Student Loan Debt Crisis Statistics: A Financial Reality for Millions Student loan debt crisis continues to burden millions of Americans, especially in today’s economic climate of inflation, rising gas prices, and post-COVID recovery. Understanding how student loan debt affects you is the first step toward financial freedom. Understanding the Scope of Student…
Student Loan Debt Relief Important Updates Student loan debt relief remains a major concern for many Americans. The ongoing coronavirus pandemic has affected Americans in a variety of ways, especially financially. Many people are still out of work or struggling to get by with reduced incomes, forced to decide where to…
Student loan debt can impact your future more than you may realize. It’s dangerous to sit on your student loans for longer than necessary, especially if you’re struggling to make full payments. Whether you’re considering taking out loans or are worried about upcoming payments, it’s important to understand how thousands of…
Student Loan Repayments: Ways To Prepare For 2021 Student loan repayments are coming back, and it’s important to be ready. With over $1.6 trillion in student debt and an uncertain federal landscape, preparing for payments is essential to financial stability. Whether you’re a student, graduate, or borrower, now is the…
What Happens to Student Loans When You Die? Understanding the fate of your student loans after death is crucial for both borrowers and their families. This guide explores how federal and private student loans are handled upon death, the implications for co-signers and spouses, and the tax considerations involved. LendingTree+3Bankrate+3LendingTree+3 Federal…
How To Reduce Private Student Loan Debt Before It Gets Worse Private student loan debt can feel like a never-ending burden, especially when you’re constantly hearing about federal student loan forgiveness programs that don’t apply to you. Unfortunately, private student loan forgiveness is rare. However, there are still effective ways to reduce private student loan debt and…
Reduce Your Federal Student Loan Debt: Here’s How Reduce federal student loan debt as early as possible to avoid long-term financial stress. Nobody wants to think about student debt or how much interest is building, but at some point, action becomes necessary. Leaving your federal student debt unpaid can lead to serious financial…
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