Student Loan Forgiveness Update Discover top strategies for Student Loan Forgiveness

Private student loans cannot be consolidated with federal student loans. The low-interest rates on federal consolidation loans do not apply to private education loans. However, there are several options for refinancing private education loans. As private education loans don’t compete on price, a consolidation loan merely replaces one or more …

For the Public Service Loan Forgiveness program, borrowers must have made 120 Direct Loan payments during their first 10 years of full-time employment in public service. They also must have worked for at least 10 years to qualify. Those who are not employed full-time in public service are given loan …

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 …

A Direct Consolidation Loan allows you to consolidate (combine) multiple federal education loans into one loan. The result is a single monthly payment instead of multiple payments. Loan consolidation can also give you access to additional loan repayment plans and forgiveness programs. There is no application fee to consolidate your …

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 …

Student Loans Consolidation Getting an education is an expensive endeavor, and afterward, whether you graduate or not, repaying the loans you took out can prove to be quite challenging. Before you default, or ask for forbearance, or go as far as bankruptcy a common solution to help make your loan …

Federal student loans offer benefits – One benefit is the ability to qualify for loan forgiveness under special circumstances, the federal government may forgive part, or all, of your federal student loans. That means you’re no longer obligated to make your loan payments. Another benefit is there may be some …

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 …

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’ …

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 …