Federal student loans offer several benefits that private student loans don’t offer. One of these benefits is being able to qualify for student loan forgiveness. The student loan forgiveness program is a special type of benefit established by the federal government. It is only applicable to federal student loans, and that too, only certain types …
Read more
The Average Student Loan Debt in America | 2019
The cost of obtaining a college education has been increasing steadily over the years. As of 2019, this cost has reached an all-time high. Nowadays, most college students require the help of scholarships and student loans to cover the costs. However, the average student loan debt has risen along with the price-tag of college. Here’s …
Read more
The FAFSA Simplification Act of 2019
Every year, thousands of college-bound students lose out on financial aid by not filing the FAFSA. Many are intimidated by the complex questions they encounter on the FAFSA. If you’ve filled out a FAFSA even once, you can empathize. It can be confusing and yes, intimidating too. It is especially cumbersome to new filers. Given …
Read more
What Are The 529 Plan Rules?
When it comes to saving for college, 529 plans are often at the forefront of many parents’ savings research and goals. However, there are a lot of rules and information to digest. States offer 529 plans to give parents a way to save for their kids’ college tuition. Parents who start saving in a 529 …
Read more
How To Protect Yourself From New Student Loan Scams
Looking for student loans can be a trying process. When you’re under that kind of stress, it’s easy to fall prey to student loan scams. Scammers work by offering you a tempting easy solution to your problem. Unfortunately, instead of resolving anything, it just throws you further into debt. Knowing how to protect yourself from …
Read more
What Is Student Loan APR? Why Is It Important?
When you start researching student loans, you will come across several new terms. Sometimes it’ll feel like learning an entirely new dictionary. Each new term is vital to understand, however, since they will play a part in your finances. One such term that’s overlooked or misunderstood is APR—or Annual Percentage Rate. Let’s take a look …
Read more
How Do I Discover My Financial Aid Eligibility?
Many, if not most, students depend on some financial aid to help them cover the cost of college. Determining financial aid eligibility, however, can be confusing. What do you qualify for? How much can you earn? This article covers the general eligibility requirements for the 3 main types of financial aid available to students—federal student …
Read more
How The American Opportunity Tax Credit Can Save You $2,500 Per Year
College is quite an investment, especially for families with multiple children. Saving up for higher education can be a challenge. There always seems to be one more fee to pay, another textbook to purchase, and so on… Luckily, there is some help available. If you are a parent with one or more children enrolled in …
Read more
Betsy DeVos in Trouble for Violating Student Loan Court Order
U.S. Magistrate Judge Sallie Kim has found that Secretary of Education Betsy DeVos violated her court order to stop going after the debts of former students of defunct Corinthian Colleges. Instead, DeVos continued telling them to make payments toward debt they had accrued. There would be nothing unusual about this if the school was still …
Read more
What Does The FAFSA Stand For?
When you start researching your financial aid options for college, one term you’ll come across a lot is ‘FAFSA’. So, what does the FAFSA stand for? FAFSA is an abbreviation for Free Application for Federal Student Aid. This is an application you need to submit to determine your eligibility for all federal financial aid programs. …
Read more