You may be pinching pennies during the COVID-19 crisis, and understanding how the CARES Act impacts your student loans could ease your financial burden. Federal student loan payments might not be top of mind—but thanks to recent legislation, you may qualify for payment relief and interest suspension. Graduates across the country are…
If you’ve just gotten out of college and have the looming dark cloud of loan payments above your head, knowing the different types of student loan programs will help you determine which program is best for you. What Are Student Loan Programs? Student loan programs are repayment plans that help you manage federal…
The teacher student loan forgiveness lawsuit of 2019 revealed major flaws in the Public Service Loan Forgiveness (PSLF) program. Teachers, dedicated to shaping future generations, are not receiving the fair treatment or support they were promised under federal student loan forgiveness policies. Over the years, numerous lawsuits have been filed against the…
Making extra loan payments is one of the best strategies to get out of student loan debt faster. It reduces the total amount of interest you pay over time, since a lower balance accumulates less interest. While many borrowers only make minimum payments, those who can afford to pay more will often see…
Public employee student loan forgiveness is a powerful benefit for those who work in government or nonprofit roles. If you’re employed in public service and carry federal student loan debt, you may qualify for full loan forgiveness through the Public Service Loan Forgiveness (PSLF) program. This article breaks down how the PSLF program…
Managing federal student loan debt doesn’t have to be overwhelming. With the right strategy, you can avoid common mistakes and save thousands over time. Millions of Americans carry federal student loan debt, yet many are unaware of effective management tactics. From making extra payments to exploring loan forgiveness, small actions can have…
Many people assume that student debt only impacts Millennials. But in reality, student loan debt affects everyone—from Baby Boomers to Gen Z. In fact, there are now more Baby Boomers with student loan debt than ever before. This growing issue is impacting people’s ability to buy homes, finance cars, save for…
Public student loan forgiveness doesn’t have to be complicated—especially for government and nonprofit employees. With the right strategy, public service workers can qualify for federal student loan forgiveness programs and reduce or eliminate their debt. The key to success? Stay informed and follow a clear plan. Below are expert tips to…
In theory, student loan forgiveness sounds simple. But over the last decade, the reality has been far more complicated. Since its launch, the Public Service Loan Forgiveness (PSLF) program has left many borrowers confused and frustrated. Despite doing everything they thought was right, thousands of people have been denied forgiveness—often due to issues outside…
How to Reduce Student Loan Debt. Reducing student loan debt can feel overwhelming—especially if you’re already in default. But even in difficult circumstances, there are practical ways to get back on track. The most important step is having a solid repayment strategy and sticking to it. Whether you’re behind on payments or just starting…
