Student loan payment has resumed three months after the Supreme Court ruled against the mass loan forgiveness plan. Borrowers have resumed payment for their loans since September this year. Will taxpayers pay for student loan forgiveness? Ideally, federal loan forgiveness is treated as taxable income. It is no longer news that the mass loan… Continue reading Will Taxpayers Pay For Student Loan Forgiveness?
When applying for a loan to finance your studies, you can apply through a private loan company or federal student aid. Applying for federal student loans comes with benefits such as forgiveness and an IDR payment plan. What student loan companies are federal? Third-party companies usually handle federal student loans. This article will also… Continue reading What Student Loan Companies Are Federal
Student loans can improve or mar your credit score. Your student loan payment history is part of your credit report and is used to calculate your credit score. Do student loans affect credit scores? Yes, your student loan may hurt or impact your credit score positively. Credit Scores Your credit scores determine whether subsequent lenders… Continue reading Do Student Loans Affect Credit Scores?
Student loan payment was paused in 2020 during the Covid-19 period. In August 2022, a student loan forgiveness plan was proposed by the Biden administration. Since then, many borrowers have been on the lookout for its implementation. The student loan forgiveness plan was taken to the Supreme Court. Many borrowers hoped for a favorable… Continue reading When Will the Supreme Court Rule On Student Loan Forgiveness?
In August 2022, the student loan forgiveness plan was proposed to cancel over $441 billion of student loans. The proposal has undergone many modifications since then. The mass loan cancellation was rejected by the Supreme Court mid-this year. But other initiatives have been put in place to cancel your student loan, provided you are eligible.… Continue reading Do I Qualify For Student Loan Forgiveness?
Since August 2022, when President Joe Biden proposed the student loan forgiveness plan, a lot of effort has gone into implementing the plan. The student loan payment was suspended in 2020 during the Covid-19 pandemic. Federal student loan borrowers haven’t been paying anything for the past three years. The Joe Biden administration proposed wiping… Continue reading When Will Student Loan Forgiveness Start
The President Joe Biden administration made some effort to cancel over $400 billion worth of student loans in a program tagged student loan forgiveness plan. The plan was proposed after about three years of suspension of student loan payments by borrowers due to the COVID-19 pandemic. How will student loan forgiveness be paid for?… Continue reading How Will Student Loan Forgiveness Be Paid For?
During the COVID-19 pandemic, when families were forced to stay indoors, repaying student loans would have been a huge burden. The federal government took a bold step known as forbearance to ease student loan borrowers the burden of loan repayment. From early 2020 up till mid-2023, federal student loan borrowers were allowed to skip loan… Continue reading When Do Student Loans Resume?
The Student loan forgiveness plan was proposed in August 2022 to get rid of $441 billion worth of student debt. You must have felt relieved hearing about the plan. Hearing the news that the Supreme Court has ruled out Joe Biden`s student loan relief plan might have left you disappointed. There are other initiatives put… Continue reading How To Apply For Student Loan Forgiveness
You can apply for a loan online using your smart device. Online loan application is easier but it may expose you to loan scams from illegal websites. That is why you need to be sure that you are sourcing loans from legitimate websites with good track records. You may want to use the Credible website… Continue reading How Long Does It Take To Get A Loan On Credible?