Update on Student Loan Forgiveness: Key Changes and What to Expect On April 19, 2022, the U.S. Department of Education (ED) announced several changes and updates that will bring borrowers closer to forgiveness under income-driven repayment (IDR) plans. These...
A December 14 article of Forbes revealed millions of people struggling to repay their student loan debts are expected to benefit from the proposal of president-elect Donald Trump.A month before the presidential election, Trump said in Ohio that student loan debts...
A July 28 report of Bloomberg revealed that this year’s homeownership rate is the lowest in decades. In the recent data released by the U.S. Census Bureau, the nationwide homeownership rate was 63.5 percent in the first quarter, and it fell to 62.9 percent...
Most individuals entering college have already accepted that they will be saddled by student loan debt. Because student loan debts are so ruthless, students should act immediately to save some money through their own actions.Freshmen may want to shorten...
A recent study revealed that although student loans are substantially higher in the UK than the U.S., college graduates in the U.S. often find it harder to settle their debts, an article of University Herald reported on June 17.In the report released by the...
A recent study by the analysts at WalletHub shows Birmingham is within the top two percent of the most debt-stricken cities in the country.The consumer finance website conducted their study by weighing median incomes against average loan amounts in 2,513 cities in the...
Parents who are financially supporting their children’s education by cosigning their student loan debts may want to try the following options, especially if they are already having difficulty making their monthly payments.Parents who are struggling to pay their “PLUS...
Paying for student loan debt and financing for higher education are a primary concerns for teenagers, an article of ACA International said on December 5.In the survey conducted at Northeastern University in Boston, more than half of the teen respondents age 16 to 19...
Student loan borrowers who are facing trouble repaying their balance may consider the following tips in order to best manage their debts:• Be sure to closely review the terms of your loan as there will likely be a range of repayment options available. • Individuals...
According to research, the amount of student debt held by the American elderly has escalated in recent years, the New York Times reported on September 12.According to the “Household Debt and Credit Report,” unsettled student loan debts held by senior citizens...