Most borrowers often wonder if they can negotiate a lower interest rate on federal student loans. It echoed in my mind as I paid off my grad PLUS loans. With an interest rate of 7.9%, I was paying hundreds of dollars every month in interest alone – it was criminal. Unfortunately, I quickly discovered that […]
SPRING FIELD – Legislation sponsored by State Senator Laura Ellman (D-Naperville) that would allow students to use 529 college savings accounts for other education-related purposes without additional taxation was passed by the General Assembly Thursday. “This law would allow education savings plans to be used in a number of ways to reflect the realities of […]
Our goal is to give you the tools and the confidence you need to improve your finances. While we do receive compensation from our partner lenders, whom we will always identify, all opinions are ours. Credible Operations, Inc. NMLS # 1681276, is referred to herein as “Credible”. Since most students don’t have enough cash on […]
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MOSELLE, Miss. (WDAM) – Applying for college financial aid is not a quick process. Lamar County School District Councilor Supervisor Julie Clinton said she helps parents and students complete the Free Federal Student Aid Application, or FAFSA, each year. “It’s a long and overwhelming process, but it’s the only way for our students to receive […]
While federal student loan borrowers enjoy zero required payments and zero interest charges on their student loans until September 30, private student loans are not eligible for federal COVID-19 relief. When it comes to payment assistance, private student loan borrowers are in the hands of their lenders. However, borrowers still have options to manage their […]
Governor Roy Cooper announced an investment of $ 51.4 million in scholarships and student financial assistance. The funding is intended to help improve accessibility to colleges as the state emerges from the COVID-19 pandemic. Most of the money will be directed to programs that help low- and middle-income families pay for college education. $ 5 […]
With the income tax deadline coming up for Texas, tax adequacy is a hot topic. For one thing, the income tax you pay next year can be drastically reduced by the decisions you make now. On top of that, the same planning that will lower taxes can help make your child’s college education much more […]
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TOPSHOT – US President Joe Biden delivers remarks on COVID-19 response and vaccination in … [+] the East Room of the White House in Washington, DC on May 17, 2021. (Photo by Nicholas Kamm / AFP) (Photo by NICHOLAS KAMM / AFP via Getty Images) AFP via Getty Images President Biden has asked lawyers for […]
Legislation is inspired by the Eagan family U.S. Representative Angie Craig, DFL-Eagan, introduced the Ryan Frascone Memorial Student Loan Relief Act of 2021, which would fill a loophole in federal law to retroactively discharge all co-signers of all private student loans upon the death of a student. In 2018, the law was changed to free […]
After months of controversy, a bill proposing changes to the funding of Bright Futures was finally overturned when it was blocked in the Florida House of Representatives. However, a change in the budget may still affect some of the funding for Bright Futures students. The 60-day session of the Florida legislature ended on April 30 […]
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A new bill would provide recourse to consumers and debtors tracked down by collection agencies. getty A invoice proposed by House Democrats would radically reform laws regulating debt collectors and provide further relief to private student loan borrowers. The legislation, known as the Comprehensive Debt Collection Improvement Act (HR 2547), would provide a remedy for […]
A government shutdown is a scenario that occurs when Congress does not pass a budget law for the coming fiscal year. During a government shutdown, “non-essential†government offices are closed, which could impact programs like Social Security, SNAP and more. Government closures can also affect parts of student financial aid. Key takeaways: how a government […]
This story is published as part of Teen Vogue ‘2021 Economic security project scholarship. Around the same time last year, 17-year-old Shania Winchester was struggling to figure out how to handle her homework alongside a part-time job. She had initially planned to work only a few hours to cover occasional small expenses, but her mother […]