Student Loans

Currently, the U.S. Department of Education has paused student loan payments until August 31, 2022.[1] But, once payments restart, paying school loans may impact your ability to save for a house, build emergency funds or travel. Is there a way to have your school loans forgiven? There are steps you can take toward student loans
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Paying for higher education tends to be expensive. And student loans are a popular way to pay for college, graduate school and other types of education. Over 40 million people get help paying for higher education with federal student loans.[1] Sometimes, life gets in the way of people paying back their student loans. You may
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If you have a student loan, you’re a member of a really, really big club. Over 40 million people have student loans to help with the expenses of higher education.[1] But what does having student loan debt do to your credit score?  Student loans can make your credit score go down, but they can also
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As the clock ticks toward the May 1 restart of federal student loan repayments, you may be wondering how to make your monthly payments more affordable. And even if you weren’t able to take advantage of the pause on student loan payments because you have private loans, you might be wondering the same thing. Consider
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Getting ready to continue your education after high school is exciting, but it’s the rare student – or parent or guardian of a student – who isn’t stressed over how to pay for college.  Even if you’ve already applied for grants and scholarships and you’ve filled out the Free Application for Federal Student Aid (FAFSA®),
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You’ve been accepted into college and you’re excited about it! But now you have to figure out how to pay for it and you’re a little less excited about that.  You’re not alone. Most new students face the burden of college prices and may not be all that sure about what to do next. We
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While your higher education was invaluable, the residual student loan debt may feel overwhelming, haunting you like a ghost. Many student loan borrowers look for creative solutions to banish their debt – but it isn’t always easy.  Student loans eat into your budget and incur interest throughout a loan’s lifetime. And if you can’t pay
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Your education is precious and will help prepare you for a career. And whether you’re an undergraduate student, a graduate student or you’re pursuing a certification or license, higher education isn’t always affordable. Enter student loans. Think of them as superheroes that swoop in and help you pay for your education.  There are two primary
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You make it out into the real world – and all of the sudden – it dawns on you that you’ve got adult bills to pay, and the student loan debt you racked up in school is looming over your head like a dark cloud.  Depending on how much debt you accumulated, your starting salary
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Even though retiring is the furthest thing from the minds of most twenty-somethings, you need to invest sooner, rather than later for one reason – you have an advantage over everyone else: time. Time to let your money grow exponentially. There is a reason Albert Einstein is credited with calling compound interest “the 8th wonder
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Your credit score is one of the most important factors that lenders review when deciding whether to extend credit to you – but it’s not the only factor. It’s possible to get a loan with a poor credit score and be denied a loan with a good credit score based on other considerations. Your credit
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Congratulations! Your family will soon be blessed with your first child. You’re on your way to a lifetime of cherished memories – and a whole new series of financial challenges. From bringing them into the world to sending them off to the working world, children are one of the largest expenses of your lifetime. According
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You finally made it through college and graduated with a degree, a new set of friends, great memories, and most likely a significant amount of student loan debt. How can you manage paying such a substantial debt on a starting salary (assuming you were fortunate enough to find a job at all)? It is not
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Total student debt in America is almost $1.5 trillion, while the average person with education debt in 2018 owed between $20,000 and $24,999. This massive debt load threatens the ability of recent and future graduates to reach their goals of home ownership and economic independence. How can you successfully get your children through college without
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Chances are that if you have student loans, you need every bit of extra cash that you can get. Did you realize that your student loans might be able to generate some cash for you? Under certain circumstances, you may be able to save on your tax bill by deducting the interest that you pay
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No More Collegiate Debt Could the next drag on America’s economy come from student loans?According to StudentLoanHero.com, America’s student loan debt burden hit $1.56 trillion – more than any other kind of household debt except for mortgages. Student loans are one of the most pervasive debts. The Department of Education offers assistance programs, but participants
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According to the New York Fed’s latest Quarterly Report on Household Debt and Credit, America’s student loan debt burden has reached a staggering $1.44 trillion as of September 2018. Has that burden kept younger Americans from buying homes? A new Federal Reserve study suggests that educational debt isn’t the primary reason for the homeownership decline,
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Debt is a major barrier to financial well-being among Americans. While we tend to think of debt as an issue affecting young and middle-aged people, the truth is that senior citizens carry debt, too. Among seniors approaching retirement, debt can be an obstacle to maximizing savings. Retirees living on a reduced income may find debt
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Student loan debt in America has topped $1.5 trillion dollars, and millennials hold a large amount of that debt burden. As of 2017, 37.5% of Americans with student loan debt were under the age of thirty. A new study by MagnifyMoney highlights the difficulties millennials face because of their debt. Since student debt draws money
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By Roshni Chowdhry, head of customer experience at SafetyNet Of the 17 million Americans currently enrolled in college, 74 percent qualify as what we used to call “nontraditional” students: One in five is 30 years or older. About half don’t rely on their parents for money. One quarter are caring for a
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According to Federal Reserve data, student loan debt has surpassed $1.5 trillion and comprises 11% of America’s collective household debt balance – second only to mortgage debt. More than 44 million Americans have student loan debt, with an average balance of around $33,000. Given those statistics, you might expect student loans to be the biggest
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“I raised my credit score over 800 – and you can, too!” So says Tiffany Aliche, a financial speaker and author better known as The Budgetnista. Tiffany was working as a schoolteacher, and had excellent credit, until she lost her job in the Great Recession. “I had a choice between paying my mortgage
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According to Federal Reserve Data, student loan debt reached $1.52 trillion in March of 2018. Women hold approximately $900 billion of that total. Why do women hold more in student loan balances? A recently updated report from the American Association of University Women (AAUW) suggests that several reasons combine to shift the student loan burden
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