Five Dangerous Student Loan Myths to Unlearn
Many borrowers cling to common misconceptions about student loans. Not having the facts right isn’t a mere inconvenience — its potentially very expensive.
Many borrowers cling to common misconceptions about student loans. Not having the facts right isn’t a mere inconvenience — its potentially very expensive.
Some politicians want to end programs like Public Service Loan Forgiveness. The threat to borrowers is currently small, but increasing.
Not everyone benefits from student loan forgiveness, and some borrowers are dealing with some guilt about their student loan relief.
Two weeks before the scheduled repayment restart and Biden still has not announced what is next for student loan borrowers.
A small student loan might seem harmless, but there are risks that every borrower should understand and avoid where possible.
If borrowers can’t afford payments on student loans issued by their college, many schools withhold the students’ transcripts making it harder to get a job.
Income-driven repayment is supposed to keep monthly payments affordable for all borrowers, but IDR plans help some borrowers more than others.
Now is the time to tweak your federal loans to make sure you maximize any upcoming student loan forgiveness.
Federal student loan servicing has been a disaster for borrowers and taxpayers. It doesn’t have to be.