Archive | student loans

How One Late Student Loan Payment Affects You

Have you ever wondered what would happen if you made one late student loan payment? Not being late every month, or every few months, but just once? Perhaps you envision being scolded by some Sallie Mae rep, incurring devastating fees, or taking an immediate hit on your already fragile credit score. And while these…Read more… […]

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Why You Shouldn’t Bank on Student Loan Forgiveness

Once he assumes office, President-elect Joe Biden is expected to ask Congress to immediately cancel $10,000 in student debt for all borrowers and extend the payment moratorium on federally backed student loans that’s scheduled to lapse this month. But will debt forgiveness pass the Senate? It’s possible—but there’s no…Read more… Continue Reading at https://lifehacker.com

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How to Plan for the End of Student Loan Forbearance

The good news is the federal student loan payment freeze has been extended through Feb. 1, which gives borrowers some additional breathing room. However, since additional student debt relief beyond that remains uncertain, you should start planning to making those payments again beginning in February.Read more… Continue Reading at https://lifehacker.com

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How to Plan for the End of Student Loan Forbearance

The good news is the federal student loan payment freeze has been extended through Feb. 1, which gives borrowers some additional breathing room. However, since additional student debt relief beyond that remains uncertain, you should start planning to making those payments again beginning in February.Read more… Continue Reading at https://lifehacker.com

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You Should Never Pay an Upfront Fee for Student Loan Debt Relief

Americans owe $1.67 trillion in student loans, and rapacious private companies or outright scam artists are rampant, luring borrowers with offers of debt elimination or reduced payments. If you are asked to directly pay an upfront fee before you see student debt relief, stay clear. It’s a scam.Read more… Continue Reading at https://lifehacker.com

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You Should Never Pay an Upfront Fee for Student Loan Debt Relief

Americans owe $1.67 trillion in student loans, and rapacious private companies or outright scam artists are rampant, luring borrowers with offers of debt elimination or reduced payments. If you are asked to directly pay an upfront fee before you see student debt relief, stay clear. It’s a scam.Read more… Continue Reading at https://lifehacker.com

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What Happens to Your Debt if Your College Closes for Good?

The pandemic has created worldwide economic challenges, and colleges and universities are feeling the strain. While only a few schools have permanently shuttered, experts say there could be more in the future. If this happens while you’re enrolled, you may have two options: transfer credits, or apply for discharge.…Read more… Continue Reading at https://lifehacker.com

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How to Pay for an Online Certificate Program

For many Americans, the pandemic has sparked an interest in career growth—particularly ways they might improve future job stability. Money reports there has been a huge uptick in enrollment for online learning platforms like Coursera since March, and many are looking to boost their skills through certificate programs.Read more… Continue Reading at https://lifehacker.com

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Should You Pay Off Your Student Loans With a Mortgage Refinance?

Those following the news from the Federal Reserve may know about their latest decision to keep interest rates low, which has impacted everything from mortgages to your savings account. If you’re carrying any type of debt, you may be looking at opportunities to lower your rates. Read more… Continue Reading at https://lifehacker.com

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Should You Pay Off Your Student Loans With a Mortgage Refinance?

Those following the news from the Federal Reserve may know about their latest decision to keep interest rates low, which has impacted everything from mortgages to your savings account. If you’re carrying any type of debt, you may be looking at opportunities to lower your rates. Read more… Continue Reading at https://lifehacker.com

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Should You Pay Off Your Student Loans With a Mortgage Refinance?

Those following the news from the Federal Reserve may know about their latest decision to keep interest rates low, which has impacted everything from mortgages to your savings account. If you’re carrying any type of debt, you may be looking at opportunities to lower your rates. Read more… Continue Reading at https://lifehacker.com

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Protect Yourself Before Your Federal Student Loan Servicer Changes

Earlier this month, the Department of Education released new details about its upcoming student loan servicer overhaul. The department first announced these sweeping changes in a June press release—including its contracts with five new student loan servicers. The department—which has struggled with servicer…Read more… Continue Reading at https://lifehacker.com

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You’ve Got More Time to Pay Off Your Federal Student Loans

Borrowers stressing about the end to forbearance programs for federal student loans in September just got a reprieve. President Donald Trump signed an executive order on Saturday to extend the break on federal student loan payments. The new order—which also pauses accrued interest—allows borrowers to stop making…Read more… Continue Reading at https://lifehacker.com

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Improve Your Student Loan Strategy With This Free Tool

Our country’s student loan debt is staggering. With the federal loan balance over $1.5 trillion, borrowers of all ages are struggling. Luckily, the government has taken steps to ease the repayment process.In February, the Department of Education announced new upgrades for StudentAid.gov. These updates are part of the…Read more… Continue Reading at https://lifehacker.com

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