Today, the Biden-Harris Administration shared a plan to help millions of borrowers with student debt. relief will start this Fall! The U.S. Department of Education is going to contact all borrowers who have federally held student loans through email. These emails will give updates about possible debt relief. Borrowers will …
Read More »Scholarships to Pay Off Student Loans: A Pathway to Financial Freedom
Scholarships to Pay Off Student Loans: A Step Towards Financial Freedom The rising cost of higher education has left many graduates grappling with significant student loan debt. Fortunately, scholarships designed specifically to help pay off student loans are becoming more prevalent, offering a lifeline to those burdened by financial obligations. …
Read More »Finding Financial Freedom: Grants and Scholarships to Pay Off Student Loans
In today’s economic landscape, the burden of student loans weighs heavily on the shoulders of many graduates. The pursuit of higher education often comes with a significant financial cost, leaving students with substantial debt upon graduation. However, there are avenues beyond traditional repayment plans that offer relief—grants and scholarships designed …
Read More »FAFSA Student Loans – You should Know
If you are preparing for college, you may be focusing on applications to get into your dream school. Yet another application is equally important: the FAFSA Student Loans. Students can determine if they qualify for federal and state aid by filling out the FAFSA, the Free Application for Federal Student …
Read More »A new Free Application for Federal Student Aid opens in 2022-2023
Indianapolis students and families are encouraged to apply for Free Application for Federal Student Aid (FAFSA), which is now open for the school year 2022-2023. Indiana’s Commission for Higher Education reminds Hoosiers to file the FAFSA by April 15, 2022, to secure financial aid for college and access some of …
Read More »1.73 trillion dollars are owed to students in the U.S., a record-breaking amount
During the past several decades, owed to students has grown significantly in the United States. The Federal Reserve estimates that Americans owe $1.73 trillion in student loan debt in the second quarter of 2021. The record-breaking quarterly total represents a 3% jump from the second quarter of 2020 despite the government’s pause …
Read More »What to do if you’re denied student loan refinancing
Refinancing your student loans could save you money and it only takes a few minutes to get personalized quotes from lenders. The Federal Reserve predicted that they’d keep their interest rates low through 2023, which means you may have time to prepare to refinance your student loans. If you don’t qualify …
Read More »Student Loan Balance Up After Five Years
Here’s what you need to know. A new report says that about half of student loan borrowers have a higher student loan balance after 5 years. Student Loan Repayment Imagine this common scenario: you borrow student loans. You start to pay off your student loans. You keep paying off your student loans every …
Read More »The complicated beauty of student debt forgiveness
Robert F. Smith, founder, and CEO of private equity firm Vista Equity Partners gave a commencement speech to Morehouse College’s graduating class. Then, the billionaire announced that he and his family would pay off the roughly 400 graduating seniors’ student loans — as well as loans taken out by students’ …
Read More »100,000 Debtors Rejected For loan forgiveness for student loans. But why?
Loan forgiveness for student loans Statistics- The latest student loan debt statistics show that more than 100,000 people who applied for public service loan forgiveness have been rejected. Here’s what you need to know and what to do about it. The U.S. Department of Education released the latest statistics for …
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