Below you'll find a list of all posts that have been tagged as “student loan forgiveness”
Student loan forgiveness programs like Income-Driven Repayment and Public Service Loan Forgiveness are very popular with borrowers. These programs provide an excellent lifeline to borrowers in need. However, the unintended consequences of student loan forgiveness present major concerns from a policy standpoint. This article will focus on the concerns of …
Editor’s Note: This article was originally published on October 8, 2020, it has been updated to include President Trump’s support of student loan forgiveness as part of the Covid-19 relief bill. The idea of $10,000 worth of federal student loan forgiveness to combat the economic fallout from Covid-19 has been …
When evaluating student loan options, the interest rate is often the deciding factor. For many, the lower the rate, the better the loan. However, this simplistic method of evaluation ignores the many federal student loan benefits. In many cases, a federal loan –even one with a higher interest rate– is preferable …
Government employees considering student loan refinancing 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. A Private Lender …
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. However, for-profit, private sector businesses employ most Americans. These businesses are not eligible for PSLF. Do private-sector employees have access to student loan forgiveness programs? How do they qualify? All federal student loan borrowers are eligible for student loan forgiveness, including …
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 …
Public Service Loan Forgiveness (PSLF) provides borrowers an opportunity to get unlimited amounts of federal student loans forgiven tax-free. The danger with pursuing PSLF is that it takes at least ten years, and borrowers could at risk of the program being canceled, rules changing, and rejection. Planning ahead requires asking …
Editor’s Note: This article has been updated on April 10, 2020, to include modifications to the Biden student loan plan as a result of the Covid-19 pandemic. After much anticipation, Joe Biden has finally released the full details of his student loan plan. Even though Biden doesn’t promise massive student …
