Blog.
Details Released from Dept. of Education on Federal Student Loan Interest Waiver
Today U.S. Secretary of Education Betsy DeVos announced how the office of Federal Student Aid is executing on providing relief during the COVID-19 national emergency. As promised, here is a summary of the announcement. All borrowers with federally held student loans...
Optimize Repayment during Interest Waiver Period
Paying off your student loan debt faster just became easier following the federal interest waiver announcement last Friday. While your student loan payment remains the same, your entire payment may go directly towards your principal balance. Now is the time to...
Has COVID-19 impacted you financially?
If you’ve had your income reduced or eliminated due to COVID-19 and you’re repaying student loan debt, you may have trouble paying your essential bills. Even with a student loan interest waiver, your monthly payment will not be affected. Need immediate relief with...
Will Federal Student Debt Be Cancelled?
In the 10 years since the Department of Education has been running the Direct Loan program, the national student loan debt has doubled. The huge student loan balances carried by college graduates (and dropouts) have been blamed on delaying economic generators such as...
Employees Don’t Care About Student Debt
We've written dozens, if not hundreds, of blog posts on how student loan debt isn't a priority over housing and auto bills. So, making the case that offering a student loan repayment benefit might seem strange. If people don't care to repay their student loan debt,...
Half of Student Loan Repayers Have Made No Progress
According to a recent report by Moody’s Investor Services, approximately half of student loan repayers who began repayment in 2010-12 have not reduced their debt balance. Even borrowers in income-driven repayment have seen their student loan balances grow regardless...
Link Between Student Debt and Mental Health
warning: the following mentions suicide and suicidal thoughts A study by the Clinical Psychology Review revealed that people who commit suicide are eight times more likely to be in debt. Similar studies have found links between consumer and personal debt with mental...
National Student Debt is $1.6 Trillion
Student loan debt has tripled in just 14 years. It's the largest form of household debt after mortgages. According to Moody's, 49 percent of borrowers who took out loans from 2010-12 haven't paid down their debt at all. Student Debt has Highest Default Rate Several...
Nontraditional College Students are More Common Now
According to the most recent data from the U.S. Census Bureau's Current Population Survey School Enrollment Supplement, 18.9 million people were enrolled in 4-year colleges in 2018, compared to 20.4 million enrolled students in 2011. Two-year institutions also saw a...
Marriage, Divorce, and Student Loans
While marriage is about love and commitment, there are also legal factors to consider before taking part in this union. For those already married and considering divorce, the legal ramifications of this separation take center stage. Whether you are thinking of tying...