According to a statement made by the Education Department on May 14, federal student loan interest rates would soar to unprecedented levels for the 2024–25 academic year, driving up the cost of college for borrowers. However, thousands of college students and their families will have to wait until after the…
There are two main types of student loans: federal and private. Read on and find out about your options. Key takeaways There are two main types of student loans: federal and private. Federal student loans have unique repayment options and are the only avenue for loan forgiveness programs. Private student…
College is expensive, and it isn’t getting any cheaper. Whatever you can do to help your child save money for college will be beneficial, regardless of their age. According to the National Center for Education Statistics, the average cost of tuition and fees at public institutions in the 2022-23 school year…
In another blow to the Biden administration’s plan to lower payments and forgive student loan debt, a court blocked a new repayment plan. The Department of Education had implemented a new agency rule to create the SAVE program. The U.S. Court of Appeals for the 8th Circuit granted a request…
Did you know you can get a Free Cash Advance With No Credit Check read on and find out more. How to apply for a Cash Advance With No Credit Check Features Get a free cash advance for up to $250. No credit check is required. The first time you…
According to Experian data, nearly 13% of Americans have poor credit (a FICO score below 580). While many lenders will deny your application if you have bad credit, others may not. Lenders who work with people with bad credit often charge higher costs and lend smaller amounts, but these loans…
Key takeaways This month, the Department of Education pauses student loan payments for three million SAVE borrowers. The forbearance period gives the DOE time to recalculate new monthly payment formulas. Despite two lawsuits filed by Republican-led groups, payment cuts can move forward following a ruling by a US appeals court….
Americans owe about $1.7 trillion in student debt. That’s more than for any other category of loans aside from mortgages. While the total owed has skyrocketed over the past three decades, new student debt has actually been receding in recent years. Indeed, the annual amount students take on in debt…
WASHINGTON, DC – JANUARY 02: Student loan borrowers gathered at the Supreme Court today to tell the … [+] court that student loan relief is legal on January 02, 2023 in Washington, DC. (Photo by Larry French/Getty Images for We, The 45 Million) Last week, the Education Department announced yet…