Below you'll find a list of all posts that have been tagged as “student loan forgiveness”
Student Loan Forgiveness Programs work in a variety of situations. Some programs require borrowers to be in a specific field or occupation. Other programs only apply to federal student loans. Student loan forgiveness can also have tax consequences. Today we will discuss a dozen different student loan forgiveness programs. For …
Many borrowers end up with gaps in their student loan repayment. Sometimes a break in payments can be the result of a simple accident, such as a missed payment. Other times, a financial hardship may force a borrower to take a deferment or a forbearance. These gaps in payments can …
Editor’s Note: This article was originally published on August 10, 2020. It has been updated to include new guidance provided by the Department of Education. The Coronavirus pandemic has caused the federal government to take unprecedented steps to help borrowers manage their debt. In March, the CARES Act became law, …
Government workers considering a refinance of their student loans need to be especially careful. The allure of lower monthly payments and a better interest rate can be tempting. However, borrowers should understand that while there are circumstances where a refinance might make sense, a mistake refinancing can be financially catastrophic. …
Though we are early in the Democratic primary process, at this point, Bernie Sanders the frontrunner to secure the Democratic nomination. For many student loan borrowers, this comes as an exciting development. Bernie Sanders has promised to eliminate all existing student loans — both federal and private. Sanders may have …
Editor’s Note: This article has been updated on January 16, 2020, to reflect Senator Warren’s plan to forgive student debt without Congressional approval. Now that Bernie Sanders and Elizabeth Warren have both proposed massive student loan forgiveness, it introduces a complicated situation for borrowers. Traditionally, paying off student loans aggressively …
As we kick off a brand new decade, now is a great time to look into our crystal ball to see what the future holds. Making exact predictions about student loans is nearly impossible. There is no way to determine the precise changes that will be made or when they …
As we approach the 2020 election, it seems as though Donald Trump’s re-election chances are fading with each news cycle. Mass protests have broken out across the country, and the government response to Coronavirus has disappointed many. If Trump is going to win another election, he will have to take …
Public Service Loan Forgiveness gets all of the headlines, but most Americans are employed by a private sector, for-profit employer. Do these employees have access to student loan forgiveness programs? How do they qualify? All federal student loan borrowers are eligible for student loan forgiveness, including private sector and for-profit …
This week the House Democrats introduced the College Affordability Act of 2019. The news may have gotten buried beneath the many other headlines out of Washington, but the significance of the College Affordability Act should not be overlooked. Even if the bill does not get through Congress, it is a …
