Unless congress passes additional coronavirus relief legislation soon, the student loan forbearance provided by the CARES Act ends on January 31. That means federal student loan borrowers should plan to resume making monthly student loan payments in February, 2021. Unfortunately, the pandemic continues, and many borrowers find themselves unemployed...
Living and working outside the United States is an exciting way to see the world and experience other cultures. For United States citizens in the process of paying back federal student loans, it can pose some challenges, and present some opportunities. Let’s take a look at some of the details of repaying student loans while living abroad.
Fi...
For student loan borrowers, getting started with student loan repayment can be a daunting task. It is even more challenging if they haven’t been keeping up with their loan details throughout the borrowing process. Gathering some basic information and understanding a few key facts will make the process easier. These are the questions and informati...
With college graduations approaching, it’s time to talk about student loan repayment. Before you panic, there’s a bit of good news. Most student loans offer a grace period before you need to start paying them back. But that doesn’t mean you should forget them during that time. You’ll want to get your ducks in a row and be ready to pay when ...
An average of 130 Americans die every day from an opioid overdose. The NHSC Substance Use Disorder Workforce Loan Repayment Program alleviates student loan debt for healthcare professionals — physicians, nurses, counselors and others — who are doing important work preventing and treating opioid addiction across the country.
What is the pr...
Allowing student loans to go into default can have serious financial consequences that can affect your credit for years to come. Here's what you need to know:
Direct Federal Student Loans are in default when they reach 270 days past due
Family Federal Education Loans are in default when they are 330 days past due
Once student loans are...
Having student loans go into default can be confusing and overwhelming. And the financial consequences can be serious if the loan holder doesn’t take action to remedy the situation.
Direct Federal Student Loans are in default when the borrower has not made a payment in more than 270 days. Family Federal Education Loans reach default status at ...
If you are struggling to pay back student loan debt, you’re not alone. The most recent estimates places the total amount of outstanding student loan debt in the U.S. at nearly $1.5 trillion. That total is shared by some 44 million borrowers. Clearly, there are many people experiencing similar struggles and looking for ways to live an enjoyable ...
The student loan crisis is center stage once again, with a proposed bill that would offer tuition-free college for most Americans while reducing student loan interest rates. At the same time, the fate of Public Service Loan Forgiveness has come into question, creating alarm among borrowers who are unsure whether they will continue to meet eligibili...
With student loan debt now totaling $1.3 trillion in the United States, the student loan crisis has reached a fever pitch and now affects more than 40 million Americans. To compound the crisis, the Consumer Financial Protection Bureau reports that one in four borrowers are in delinquency or default on their student loans. Student loans are consider...