Archive | student loan debt

Why Your Student Loan Coronavirus Forbearance Is Messing Up Your Credit Report

If you have student loans, by now you surely know the good news: Most federal loans are automatically in forbearance until the fall. That means borrowers don’t have to pay, but student loan servicers still mark loans as paid on time. It’s a six-month free pass.Read more… Continue Reading at https://lifehacker.com

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What the CARES Act Means for Public Service Student Loan Forgiveness

The government has granted a temporary reprieve to student loan borrowers paying back federal loans. But while it’s nice to not have to pay your loans for a few months, it’s a confusing situation for one group of borrowers in particular: those looking to get their remaining loans wiped out by the Public Service Loan…Read more… […]

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What the CARES Act Means for Public Service Student Loan Forgiveness

The government has granted a temporary reprieve to student loan borrowers paying back federal loans. But while it’s nice to not have to pay your loans for a few months, it’s a confusing situation for one group of borrowers in particular: those looking to get their remaining loans wiped out by the Public Service Loan…Read more… […]

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Here’s the New Coronavirus Student Loan Plan

When President Trump signed the $2 trillion coronavirus stimulus bill into law last week, items like recovery rebate checks and expanded unemployment benefits got most of the initial attention. But tucked into the bill around page 825, you’ll find a new set of rules for waiving student loan payments.Read more… Continue Reading at https://lifehacker.com

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How to Recertify Your Student Loan Repayment Plan

Switching your student loan repayment plan to one of the four income-driven plans offered by the federal government can do wonders for your finances. These programs typically lengthen the amount of time you spend paying down your loan balance. But in exchange, the ability to peg your monthly payment to your income…Read more… Continue Reading […]

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How Elizabeth Warren Plans to Cancel Student Loans With or Without Congress

Ask any political science professor and they’ll tell you that presidential candidates have ambition beyond their means. A president can only do so much to change policy, thanks to our system of checks and balances. They need Congress to pass laws that initiate dramatic policy shifts.Read more… Continue Reading at https://lifehacker.com

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Here’s Every Democratic Presidential Candidate’s Plan to Solve Student Loan Debt

Student loan debt is poised to be a hot topic throughout the 2020 Presidential campaign season, especially with early moves from Democratic candidates Elizabeth Warren and Bernie Sanders, who announced detailed plans right off the bat. But those are just two of the many candidates vying to be the party’s choice to go…Read more… Continue […]

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