In a perfect economy, with no money problems and no inflation, student loan debt is simply repayable at the rate of inflation. As long as everything stays the same, no matter what happens in the economy, the loan will be the same price in twenty years. However, if that picture changes, you suddenly see your […]
The Education Department stated Friday that it would discharge another $55.6 million in student debt for students at three other colleges, only weeks after it erased half a billion dollars in student debt for borrowers misled by their schools. Approximately 1,800 students from Westwood College, Marinello Schools of Beauty, and the Court Reporting Institute will […]
The advantages to federal student loans are many. There is no doubt that when students have a few thousand dollars to pay for their tuition, it seems like the best thing that could ever happen. There’s no doubt that the repayment terms are better than private student loan terms. And there’s no doubt that federal […]
There are many pros and cons to paying off your student loans early. It can save you from having to start paying interest while you are still in school, and you may be able to avoid the late fee fees that accrue. But before you do that, you need to decide if there really is […]
Many people have come to question the legitimacy of the federal government’s guarantee of loans for college students. The Department of Education offers federally funded loans to students in need. But, many are confused as to what a FAFSA is. What is FAFSA? Is Federal Student Aid the same as FAFSA? The short answer is […]
President Biden said unequivocally that he does not intend to include student debt forgiveness in his yearly White House budget. In accordance with previous comments made by the president since taking office in January, he said he hopes Congress will pass some kind of forgiveness legislation. Even while many major Democratic leaders in Congress have […]
The amount of financial aid a student receives depends on several factors. One is the family’s ability to pay for college, and the other is the student’s own situation. One factor that can drastically affect a student’s aid package is their grade point average. The federal government determines a student’s eligibility for aid based largely […]
A quick look at Sallie Mae’s website tells you that their loan program is pretty easy to qualify for. The only qualifying criterion is that you have not been declared ineligible for federal student aid as of right now. There are several other criteria, however, that you should be aware of if you hope to […]
Can you get a student loan for a postgraduate certificate? Many graduates who have obtained an education within the US think it is quite impossible to get such kind of funding. In fact, getting such funding can be quite tough, even for those who are employed in their field of interest. But with a little […]
It is very important to be aware of the consequences of not paying your student loan on time. It will hurt your credit rating and make it more difficult for you to get a loan in the future if you try to go after an education loan. Many students are unaware that there are consequences […]
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