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August 13, 2021 / Private student loans

1 in 8 families borrowed private student loans in the 2020-21 school year: here’s how to do it right

Steve M. Lee / federal loans, federal student, financial aid, higher education, interest rates, loans private, private lenders, private loans, private student, student aid, student loans /

According to Sallie Mae, around 13% of students and their families have taken out private student loans to cover college tuition fees. Here’s how to find out if private student loans are right for you. (iStock) A college degree can open doors for young adults, leading to higher earning potential and better employment opportunities. But […]

August 11, 2021 / Private student loans

consensus states that some private student loans can be canceled in bankruptcy | Nelson Mullins Riley & Scarborough LLP

Steve M. Lee / private loans, private student, student loans /

Last month, the United States Court of Appeals for the Second Circuit, in Homaidan v. Sallie Mae, Inc., 3 F.4th 595 (2d Cir. 2021), upheld a New York federal court ruling that private student loans are not explicitly exempt from discharge in a Chapter 7 bankruptcy, opening the door to more borrowers seeking educational debt […]

August 4, 2021 / Student financial aid

Chattahoochee Technical College: Chattahoochee Tech Announces New Director of Student Financial Aid

Steve M. Lee / department education, federal student, financial aid, higher education, student aid, student financial /

Chattahoochee Technical College welcomes Tarik Boyd as the new Director of Student Financial Aid. He brings over 13 years of student financial aid experience to Chattahoochee Tech, having previously served at Morehouse College as Director of Financial Aid. He also worked at Norfolk State University as Associate Director of Financial Aid and at ECPI University […]

August 2, 2021 / Educational loans

SSS releases P115.53M for educational loans

Steve M. Lee /

The social security system (SSS) disbursed more than 115.53 million pesos for education loans from January to June 2021, or 52.5% or 39.75 million pesos more than the outflows of the ‘last year. Over 6,500 requests for tuition financing assistance were received by the pension fund during the same period. “Flexible learning during the new […]

July 30, 2021 / Private student loans

What to Know Before Consolidating Federal AND Private Student Loans

Steve M. Lee / federal loans, federal student, interest rates, loans private, private lenders, private loans, private student, student loans /

Note that the student loan situation has changed due to the impact of the coronavirus outbreak and the relief efforts of the government, student loan lenders and others. Check out our Student Loans Hero Coronavirus Information Center for news and additional details. * * * Although you cannot consolidate federal and private student loans through […]

July 29, 2021 / Private student loans

Private student loans can now be discharged in bankruptcy, but consider alternatives first

Steve M. Lee / federal student, higher education, interest rates, loans private, private loans, private student, student loans /

In July 2021, a federal court ruled that private student loans could be discharged in bankruptcy. But refinancing a student loan may offer a better way to manage your college debt without significantly damaging your credit score. (iStock) Bankruptcy is a legal process that offers financial relief to consumers who cannot repay their debt. Many […]

July 28, 2021 / Student loan consolidation

What the Fed’s near-zero rate policy means for your portfolio

Steve M. Lee / federal student, interest rates, student loans /

Although the federal funds rate – this is what banks charge each other for short-term borrowing – is not the rate consumers pay, the Fed’s measures still affect the borrowing and saving rates they all see days. The Fed’s historically low lending rates make it easier to access cheaper loans, but also make it less […]

July 28, 2021 / Student loan consolidation

Parent PLUS college loans are easy to get, but hard to shake: here are some options for forgiveness

Steve M. Lee / federal student, financial aid, private lenders, private student, student loans /

College students take out loans as an investment: they will likely graduate and reap the rewards – income that will help them pay off that debt, and more. But parents borrow for their children without the promise of higher income. And legally, they are the ones who have to pay. Federal Parent PLUS Loans are […]

July 28, 2021 / Student loan consolidation

Can You File Bankruptcy on Student Loans? – Councilor Forbes

Steve M. Lee / federal loans, federal student, private lenders, student debt, student loans /

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but this does not affect the opinions or ratings of our editors. Compare personalized student loan refinance rates Takes up to 3 minutes It is possible to get free from student loans through bankruptcy. The standard most commonly […]

July 27, 2021 / Student loan consolidation

Student loan forbearance ends – how you can prepare

Steve M. Lee / federal student, interest rates, student loans /

SAN JOSE, California, July 27, 2021 / PRNewswire / – Federal Student Loan Payments Have Been Suspended Since March 2020. By now, many of us have forgotten what it’s like to have that monthly bill. As the country begins to reopen, the end of federal student loan forbearance looms on the horizon. Unless there is […]

July 24, 2021 / Educational loans

SSS releases P115M in educational loans

Steve M. Lee /

The social security system disbursed more than 115.53 million pesos for education loans from January to June 2021, which is 52.5% or 39.75 million pesos more than last year’s releases. . Over 6,500 requests for tuition financing assistance were received by the pension fund during the same period. The Educational Assistance Loan program was implemented […]

July 23, 2021 / Educational loans

SSS releases 115.53 million pesos for education loans in first half of 2021

Steve M. Lee / higher education /

The social security system (SSS) disbursed more than 115.53 million pesos for education loans from January to June 2021, or 52.5% or 39.75 million pesos more than the releases of the ‘last year.Over 6,500 requests for tuition financing assistance were received by the pension fund during the same period. “Flexible learning during the new normal […]

July 23, 2021 / Educational loans

SSS disbursed P115.53-M in education loans in the first half of 2021

Steve M. Lee / higher education /

The state pension fund, the Social Security System (SSS), said on Friday it had disbursed more than 115.53 million pesos on education loans in the first six months of 2021. The SSS said education loans disbursed in the first half of the year were 52.5 percent or 39.75 million pesos higher than last year during […]

July 22, 2021 / Private student loans

What does the Homaidan case change about private student loans in bankruptcy? | McGlinchey Stafford

Steve M. Lee / loans private, private student, student loans /

The non-availability of private student loans in bankruptcy proceedings has long been assumed to be almost absolute, but a decision of July 15, 2021 (Homaidan v. Sallie mae) by the United States Court of Appeals for the Second Circuit suggests that is not always the case. Unlike many headlines surrounding this case, however, the Court […]

July 22, 2021 / Student loan consolidation

Are you preparing to repay your student loan again? Consider an income-based option

Steve M. Lee / federal student, student aid, student debt, student loans /

BY Sydney lakeJuly 22, 2021, 02:00 Yu-Jui Huang, assistant professor of applied mathematics at the University of Colorado Boulder, worked on a study on the most cost-effective way to pay off student loans, as seen in June 2021. RJ Sangosti — MediaNews Group / The Denver Post / Getty Images. At the end of July, […]

July 21, 2021 / Student loan consolidation

What to do if you’re one of the 10 million student loan borrowers left in limbo after your maintenance department closes

Steve M. Lee / department education, federal loans, federal student, higher education, private loans, private student, student loans /

Student loan manager Granite State Management and Resources is not renewing contract with government. The government will transfer your CMSM loans to another lender, although the details are unclear. Keep copies of all relevant student loan documents now in case they get lost during the transition. Learn more about Personal Finance Insider loan coverage here. […]

July 20, 2021 / Private student loans

Second Circuit Rules Private Student Loans May Be Canceled In Bankruptcy | Trout pepper

Steve M. Lee / private student, student loans /

On July 15, the United States Court of Appeals for the Second Circuit ruled that private student loans are not explicitly exempt from a debtor’s Chapter 7 bankruptcy discharge. In Homadian, the borrower, after graduating from Emerson College, filed for Chapter 7 bankruptcy in 2007 and was granted discharge in 2009. The discharge order did […]

July 20, 2021 / Educational loans

Ensure student loans are given to students, Ramadoss urges governments

Steve M. Lee / higher education, student loans /

The founder of PMK, noting reports of the decline in the number of banks providing student loans, said it would seriously affect students’ prospects for higher education. Following reports of a 39% drop in banks providing student loans to Tamil Nadu students, Pattali Makkal Katchi (PMK) founder S. Ramadoss on Tuesday urged central and state […]

July 20, 2021 / Student financial aid

South Africa: Student Financial Aid Program Releases 2021 State of Funding Report

Steve M. Lee / department education, financial aid, higher education, student financial /

The National Student Financial Aid Scheme (NSFAS) is proud to release its State of Funding 2021 report to the public. This report aims to provide stakeholders with an update on the NSFAS 2021 funding program to support approved students studying at public universities and TVET colleges. It covers areas such as updating the demand status […]

July 19, 2021 / Private student loans

5 private student loans with flexible repayment options

Steve M. Lee / federal loans, federal student, interest rates, loans private, private lenders, private loans, private student, student debt, student loans /

Are you looking for additional funding beyond federal student loans for college? Or maybe you are considering refinancing your student loans with a private lender? Either way, the process of finding and applying for private student loans is a little different than for federal student loans. With federal loans, your loans are assigned to a […]

July 17, 2021 / Educational loans

Banks Cannot Deny Student Loans Citing Parents’ Obligations: HC | Latest India News

Steve M. Lee / higher education /

Thiruvananthapuram: Kerala’s high court said on Thursday that banks cannot deny educational loans to students citing their parents’ debts and ordered a national bank to disburse the loan requested by a deserving student. While giving direction to the Bank of India in this regard, the Single Chamber of Judge PB Suresh Kumar observed that the […]

July 16, 2021 / Private student loans

2nd Circuit says private student loans can be discharged in bankruptcy

Steve M. Lee / loans private, private student, student loans /

Residence Daily News 2nd Circuit says private student loans can … Bankruptcy law 2nd Circuit says private student loans can be discharged in bankruptcy By Amanda Robert July 16, 2021, 3:20 p.m. CDT Image from Shutterstock. Student loans issued by the private sector can be discharged in bankruptcy, a federal appeals court has ruled. In […]

July 16, 2021 / Educational loans

“Banks cannot deny student loans on the grounds of parents’ obligations”: Kerala HC | Latest India News

Steve M. Lee / higher education /

The Kerala High Court ruled on Thursday that banks cannot deny educational loans to students citing their parents’ debts and ordered a national bank (Indian Bank) to disburse the loan requested by a deserving student. While giving directions to the bank, the court observed that the very purpose of a student loan is to ensure […]

July 15, 2021 / Private student loans

Private student loans can be canceled in case of bankruptcy, 2nd circuit rules

Steve M. Lee / private loans, private student, student loans /

What would you like to know The ruling dealt with the preliminary question of whether private loans are actually protected in the bankruptcy process. The ruling did not apply to loans guaranteed by the government. This decision is a major victory for borrowers facing financial difficulties to repay their loans. The United States Court of […]

July 15, 2021 / Private student loans

Private student loans can be thrown into bankruptcy, appeals court judges

Steve M. Lee / loans private, private loans, private student, student loans /

Signage is visible at Navient’s offices in Wilmington, Delaware, USA on June 9, 2021. REUTERS / Andrew Kelly Summary Companies Law firms Decision could open the door for more borrowers to pay off their student loan debts Navient supports bankruptcy law reform The names of companies and law firms shown above are generated automatically based […]

July 14, 2021 / Private student loans

Federal vs. Private student loans

Steve M. Lee / department education, federal loans, federal student, interest rates, loans private, private lenders, private loans, private student, student loans /

Federal and private student loans are two ways that students can pay for their education. While federal loans are only available through the federal government, private student loans can be sourced from a number of private lenders. Federal and private student loans have different interest rates, repayment terms, hardship options, and fees. In most cases, […]

July 8, 2021 / Private student loans

Private Student Loan Fixed Rates Drop, Variable Rates Rise

Steve M. Lee /

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders, all opinions are our own. Credible Market’s latest private student loan interest rates, updated weekly. (Stock) The average […]

July 8, 2021 / Private student loans

Fixed rates on private student loans fall, while variable rates rise

Steve M. Lee / federal student, interest rates, loans private, private lenders, private loans, private student, student loans /

Our goal here at Credible Operations, Inc., NMLS number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are ours. The latest Credible Market Private Student Loan […]

July 6, 2021 / Student loan consolidation

Democrats propose 5 changes to student loan cancellation

Steve M. Lee / department education, federal student, higher education, student loans /

President Joe Biden (Photo by David Lienemann / The White House via Getty Images) Getty Images Democrats in Congress have proposed 5 changes to the cancellation of student loans. Here’s what you need to know – and what it means for your student loans. PUBLICITY Student loans In one letter to U.S. Education Secretary Miguel […]

July 1, 2021 / Private student loans

Federal vs. Private student loans: what are the differences?

Steve M. Lee / federal loans, federal student, loans private, private lenders, private loans, private student, student aid, student debt, student loans /

Federal student loans and private student loans have different advantages and disadvantages. In general, federal loans are a better deal because they offer more protection and lower fixed rates. However, federal loans come with a origination fee, while most private lenders do not charge them. To learn more about Insider’s personal finance team coverage, click […]

July 1, 2021 / Private student loans

SoFi Private Student Loan Review

Steve M. Lee / federal loans, federal student, higher education, interest rates, loans private, private lenders, private loans, private student, student loans /

Key points: SoFi offers both private student loans and student loan refinances, in addition to a host of other financial products. SoFi does not charge any fees. This review will focus on the private student loan product. on the secure SoFi site What we like: Customer benefits Fixed APR 5.73% – 11.99% Variable APR 4.73% […]

July 1, 2021 / Student loan consolidation

On your side: student loan forgiveness scam

Steve M. Lee / financial aid, student aid, student loans /

SPRINGFIELD, Mo. (KY3) – We all know COVID-19 has put a punch in our wallets. We were relieved. Most of us have received stimulus checks. The unemployed have been paid in the event of a pandemic. Now there are emails going around – saying you can get student loan forgiveness. An email reads, ‘Your st […]

June 30, 2021 / Private student loans

Types of private student loans

Steve M. Lee / department education, federal loans, federal student, interest rates, loans private, private lenders, private loans, private student, student loans /

Private student loans are school loans offered by private lenders instead of the federal government. However, when looking for a loan, you may notice that there are different types of student loans from these private lenders, including degree specific loans, bad credit loans, and international student loans. Here’s what you need to know about the […]

June 30, 2021 / Student loan consolidation

Common Questions University Graduates Have About Student Loans | Ranger student loan

Steve M. Lee / department education, federal student, financial aid, interest rates, private student, student loans /

College graduates with student loan debt face a repayment process that can be difficult to manage, a fact highlighted by a 2020 research report from Pew Charitable Trusts. The study found that while 7 in 10 Americans surveyed in 2019 thought taking out student loans was reasonable given the benefits of a college degree, 89% […]

June 30, 2021 / Student loan consolidation

Best Student Loan Refinance Lenders For Parents 2021 – Forbes Advisor

Steve M. Lee /

PenFed, short for Pentagon Federal Credit Union, offers student loan refinancing through a partnership with Purefy, an online-only student loan provider. Students can refinance their parents’ loans and take responsibility for repayment, or parents can refinance their own loans. You will need to become a member of PenFed Credit Union in order to refinance once […]

June 29, 2021 / Child support payment

SMCDSS Announces Expanded Access to Child Support Services and Payment Options

Steve M. Lee / financial assistance /

June 28, 2021– The Saint Mary’s County Department of Social Services (SMCDSS) is pleased to announce the expansion of the SMCDSS customer service team, the hours of operation for Lexington Park and improvements to the SMCDSS program. child support payment options. Redesign of service delivery– As of March 2020, the Maryland Department of Human Services […]

June 29, 2021 / Private student loans

What Can You Spend Private Student Loans On?

Steve M. Lee / financial aid, loans private, private loans, private student, student loans /

When you take out a private student loan, it can be tempting to spend the money on what you want. But it’s important to remember that money isn’t a bargain, and your lender isn’t giving you a blank check. You can usually borrow up to tuition, less other financial aid, and the lender will set […]

June 29, 2021 / Student loan consolidation

Student loan managers often harm borrowers who request forgiveness of their utility loan

Steve M. Lee / department education, federal student, student debt, student loans /

Education Secretary Miguel Cardona testifies before work, health and social services, education … [+] and Related Agencies Subcommittee on Capitol Hill in Washington, DC, June 16, 2021. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON / AFP via Getty Images) AFP via Getty Images A new report from the federal Consumer Financial Protection […]

June 25, 2021 / Private student loans

How to Apply for a Private Student Loan: A Step-by-Step Guide

Steve M. Lee / department education, federal loans, federal student, financial aid, interest rates, loans private, private loans, private student, student loans /

You’ve filed for your FAFSA, received federal financial aid, and got a few scholarships, but still can’t afford to pay all of your college expenses. This is where you may need to learn how to apply for a private student loan. Students are taking out private student loans more than ever. According to MeasureOne data, […]

June 25, 2021 / Student loan consolidation

Should You Refinance Your Mortgage To Pay Off Your Student Loans?

Steve M. Lee / federal student, private student, student debt, student loans /

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”. If you have a large student loan, it […]

June 24, 2021 / Private student loans

If you have private student loans, consider life insurance

Steve M. Lee / federal loans, federal student, loans private, private student, student loans /

Personal Finance Insider writes about products, strategies, and tips to help you make informed decisions with your money. We may receive a small commission from our partners, such as American Express, but our reports and recommendations are always independent and objective. Congratulations, graduates! As you celebrate your accomplishments and prepare for your future, let’s talk […]

June 22, 2021 / Educational loans

GyanDhan aims to disburse 650 Cr in educational loans FY22

Steve M. Lee / student loans /

GyanDhan Partners With Great Learning And Various IAS Institutes To Provide Interest Free Loans GyanDhanaim plans to disburse 650cr in education loans during fiscal year 22. Of these Rs 650 cr, 50cr will be for short-term national courses offered by various actors and coaching institutes in ed technology. They have teamed up with companies such […]

June 17, 2021 / Private student loans

Pros and Cons of Private Student Loans

Steve M. Lee / department education, federal loans, federal student, interest rates, loans private, private lenders, private loans, private student, student debt, student loans /

Private student loans are educational loans offered by private lenders such as banks, credit unions, and online lenders. Unlike federal student loans, private loans usually don’t come with perks like income-based repayment plans and loan cancellation options – which is why it’s usually best to apply for loans first. federal student loans. But if you’ve […]

June 11, 2021 / Child support payment

After dad pays the last child support payment – 80,000 cents – on Virginia’s lawn, mom and daughter pay it forward

Steve M. Lee /

(NEXSTAR) – Teenage girl from Virginia says she and her mom are turning an overwhelming moment into an opportunity to do good after her dad threw 80,000 pennies on their lawn last month. “I just turned 18. When I was in the middle of the class, my father came. He had rented a trailer, ”high […]

June 11, 2021 / Child support payment

After Dad pays the last child support payment – 80,000 cents – on the lawn, mom and daughter pay it to the next | WJHL

Steve M. Lee /

(NEXSTAR) – Teenage girl from Virginia says she and her mom are turning an overwhelming moment into an opportunity to do good after her dad threw 80,000 pennies on their lawn last month. “I just turned 18. When I was in the middle of the class, my father came. He had rented a trailer, ”high […]

June 11, 2021 / Child support payment

Father throws 80,000 cents on mother’s lawn as final child support payment, daughter donates to charity

Steve M. Lee /

A Richmond, Virginia mom and daughter taught a valuable life lesson. When the 18-year-old’s estranged father threw 80,000 cents on their lawn as a final child support payment, they donated the money to a domestic violence shelter. A report from WTVR said Avery Sanford had just turned 18. The senior from Deep Run High School […]

June 10, 2021 / Child support payment

Dad’s latest child support payment comes in pennies in Virginia

Steve M. Lee /

A Virginia teenager was shocked when a trailer full of pennies was thrown into the street outside her Virginia home last month. Screenshot of WTVR Avery Sanford said she didn’t know what to think when she saw a landscaping trailer pull up outside her Virginia home last month. Moments later, more than 80,000 cents were […]

June 10, 2021 / Child support payment

Dad pays the last child support with 80,000 cents. It was handed over to victims of domestic violence

Steve M. Lee /

Dad pays the last child support with 80,000 cents. It was handed over to victims of domestic violence Updated: 9:19 PM EDT June 10, 2021 Hide transcription Show transcript what looked like a landscaping trailer, dropped a bunch of paints in front of a window mailbox last month, a Deep Run graduate says it’s been […]

June 10, 2021 / Private student loans

This company can pay your private student loans for 6 months

Steve M. Lee / federal loans, federal student, loans private, private loans, private student, student loans /

Private student loans are one of the riskiest ways to pay for college because they are more expensive than federal loans and lack strong protections for consumers. A college consultancy company plans to take some of that risk for its clients with a new private student loan guarantee. The company, Edmit, will cover six months […]

June 10, 2021 / Student financial aid

Eastern Michigan University commits an additional $ 3.5 million in student financial aid for fall 2021 to support student success; the total financial assistance budget of $ 54.8 million represents a 156% increase over the past 14 years

Steve M. Lee / financial aid, financial assistance, student financial /

YPSILANTI – Eastern Michigan pledges an additional $ 3.5 million in student financial aid for the 2021-22 academic year, reflecting the University’s commitment to minimize net costs to students. students and support their success. The additional funding brings the University’s total financial assistance to students to $ 54.8 million for the 2021-2022 school year. “As […]

June 10, 2021 / Student financial aid

Minister Nzimande congratulates the scholarship recipients of the National Student Financial Assistance Scheme for the 2021 academic year

Steve M. Lee / financial aid, higher education, student financial /

The Minister of Higher Education, Science and Innovation, Dr Blade Nzimande, congratulates the students who have successfully applied for funding from the National Student Financial Aid Scheme (NSFAS) for the 2021 academic year. Minister Nzimande confirms that 93,532 Technical and Vocational Education and Training (TVET) students and 52,992 university students did not receive NSFAS funding […]

June 10, 2021 / Child support payment

After dad pays the last child support payment – 80,000 cents – on the lawn, mom and daughter pay it forward

Steve M. Lee /

(NEXSTAR) – Teenage girl from Virginia says she and her mom are turning an overwhelming moment into an opportunity to do good after her dad threw 80,000 pennies on their lawn last month. “I just turned 18. When I was in the middle of the class, my father came. He had rented a trailer, ”high […]

June 9, 2021 / Child support payment

Dad throws away 80,000 cents for child support payments; his daughter donated it

Steve M. Lee /

RICHMOND, Va. (WTVR) — A Virginia man has gone to extreme lengths to show he isn’t happy about paying child support. He threw 80,000 cents in front of his daughter’s house as the final payment. Avery Sanford, 18, took those pennies and turned his act of anger into a positive for families in need. What […]

June 9, 2021 / Child support payment

Dad throws away 80,000 cents for child support payments; his daughter donates it

Steve M. Lee /

RICHMOND, Va. (WTVR) — A Virginia man has gone to extreme lengths to show he isn’t happy about paying child support. He threw 80,000 cents in front of his daughter’s house as the final payment. Avery Sanford, 18, took those pennies and turned his act of anger into a positive for families in need. What […]

June 9, 2021 / Child support payment

Dad pays 80,000 cents for child support payments; his daughter donates it

Steve M. Lee /

RICHMOND, Va. (WTVR) – A man in Virginia has taken extreme measures to show he is not happy with paying child support. He dumped 80,000 cents in front of his daughter’s house as a final payment. 18-year-old Avery Sanford took those pennies and turned his act of anger into a positive one for families in […]

June 9, 2021 / Child support payment

Dad pays 80,000 cents for child support; his daughter donates it

Steve M. Lee /

RICHMOND, Va. (WTVR) – A man from Virginia has taken extreme measures to show he is not happy with paying child support. He dumped 80,000 cents in front of his daughter’s house as a final payment. 18-year-old Avery Sanford took those pennies and turned his act of anger into a positive one for families in […]

June 9, 2021 / Child support payment

Dad throws 80,000 cents on Mom’s lawn as the final child support payment. His daughter responds with kindness.

Steve M. Lee /

RICHMOND, Virginia – A family in Richmond received a shocking delivery last month when 80,000 cents were thrown on their lawns. Now they are using the money to help those in need. “I just turned 18. When I was in the middle of class my dad came over. He had rented a trailer,” said Avery […]

May 28, 2021 / Private student loans

How to Get Lower Interest Rates on Federal and Private Student Loans

Steve M. Lee / federal loans, federal student, financial aid, interest rates, loans private, private lenders, private loans, private student, student loans /

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 […]

May 27, 2021 / Educational loans

Ellman Act authorizing the use of education savings plans for student loans and advances for vocational training programs

Steve M. Lee / higher education /

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 […]

May 26, 2021 / Private student loans

How Do Federal and Private Student Loans Work?

Steve M. Lee / federal student, financial aid, financial assistance, interest rates, loans private, private lenders, private student, student loans /

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 […]

May 26, 2021 / Student financial aid

Director of Student Financial Aid advises on the application process

Steve M. Lee / federal student, financial aid, financial assistance, higher education, student aid, student financial /

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 […]

May 25, 2021 / Private student loans

Manage private student loans without COVID-19 forbearance

Steve M. Lee / federal loans, federal student, private lenders, private loans, private student, student loans /

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 […]

May 25, 2021 / Student financial aid

Cooper announces $ 51 million in education grants and student financial aid

Steve M. Lee / financial assistance, student financial /

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 […]

May 23, 2021 / Student financial aid

These student financial aid tips will give you more bang for your buck

Steve M. Lee / federal student, financial aid, financial assistance, higher education, student aid /

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 […]

May 19, 2021 / Private student loans

Could private student loans be forgiven under Biden?

Steve M. Lee / department education, federal loans, federal student, financial assistance, higher education, interest rates, loans private, private student, student aid, student debt, student loans /

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 […]

May 13, 2021 / Private student loans

US Representative Craig Drafting Bill To Cancel Private Student Loans In The Event Of Student Death | Apple valley

Steve M. Lee / private loans, private student, student loans /

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 […]

May 12, 2021 / Student financial aid

End of Florida legislative session ends controversial student financial aid bill

Steve M. Lee /

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 […]

May 11, 2021 / Private student loans

Revise Debt Collection Laws and Cancel Private Student Loans

Steve M. Lee / federal student, private student, student debt, student loans /

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 […]

May 7, 2021 / Student financial aid

How Government Closures Affect Student Financial Aid

Steve M. Lee / federal student, financial aid, financial assistance, student financial /

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 […]

May 6, 2021 / Student financial aid

Student financial aid programs ignore the economic blow of the pandemic

Steve M. Lee / federal student, financial aid, higher education, student aid, student financial /

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 […]

April 27, 2021 / Private student loans

Why You Should Consider Refinancing Private Student Loans

Steve M. Lee / federal student, interest rates, loans private, private lenders, private student, student debt, student loans /

Refinancing private student loans now could help lower monthly payments and save money on interest. (iStock) Federal student loans offer key benefits that you don’t always get with private student loans. For example, you may be one of the millions of federal student loan borrowers with temporary disruption of payments under the CARES Act. Whether […]

April 26, 2021 / Private student loans

Will private student loans be forgiven? What would you like to know

Steve M. Lee / department education, federal loans, federal student, interest rates, loans private, private loans, private student, student debt, student loans /

Select’s editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners. In early April, President Biden asked the US Department of Education if his executive branch gave him the ability to adopt a […]

April 20, 2021 / Private student loans

Democrats introduce bill to cancel private student loans for borrowers and co-signers due to disability

Steve M. Lee / department education, federal student, higher education, private lenders, private student, student debt, student loans /

WASHINGTON, DC – JUNE 10: U.S. Rep. Madeleine Dean (D-Pa.) Interviews witnesses at a House court … [+] Police brutality and racial profiling committee hearing on June 10, 2020 in Washington, DC. (Photo by Greg Nash-Pool / Getty Images) Getty Images House Democrats today introduced a bill that would allow borrowers with disabilities to fully […]

April 8, 2021 / Private student loans

Compare Parent PLUS Loans and Private Student Loans

Steve M. Lee / department education, federal loans, federal student, financial aid, financial assistance, interest rates, loans private, private lenders, private loans, private student, student aid, student loans /

If you’re looking to help pay for your child’s college education, it’s usually best to explore financial aid options like scholarships and grants first. However, if there is something left to cover, you can choose between two types of parental college loans: Federal Direct PLUS loans and private student loans. Where Federal Direct PLUS Loans […]

April 8, 2021 / Student financial aid

Gainesville community members gather as student financial aid bill progresses to Florida Senate

Steve M. Lee / financial aid /

Car horns and frenzied cheers erupted this week through the streets and sidewalks of Gainesville in protest against Senate Bill 86, even as the controversial bill progressed through the Florida Senate for second reading on Wednesday. Written by State Senator Dennis Baxley, R-Ocala, the bill revises the eligibility of students to receive the Florida Bright […]

April 7, 2021 / Private student loans

$ 2.6 million in private student loans to be forgiven following settlement: key details

Steve M. Lee / department education, federal student, loans private, private student, student debt, student loans /

PHILADELPHIA, PA – Pennsylvania Attorney General Josh Shapiro at an anti-hate rally in … [+] Independence Mall on March 2, 2017 in Philadelphia, Pennsylvania. (Photo by Jessica Kourkounis / Getty Images) Getty Images A settlement agreement with a private buyer of student loan debt following the collapse of a for-profit college chain will result in […]

April 2, 2021 / Child support payment

New York State Offline Child Support Payment System

Steve M. Lee /

The Office of Temporary Assistance and People with Disabilities says a technical issue is delaying payments, but expects them to resume on Monday. BUFFALO, NY – “I just had a $ 400 medical bill for my daughter this week, which was an unexpected expense,” Kaitlyn C. told 2 On Your Side, who agreed not to […]

April 1, 2021 / Student financial aid

Why has my student financial assistance declined?

Steve M. Lee / federal student, financial aid, financial assistance, student aid, student financial /

If the financial situation of a family remains the same, the financial assistance must remain the same. But, sometimes, the financial assistance will decrease. The causes of a change in the price of student financial aid can be confusing for students and their families, in part because of the lack of transparency in financial aid […]

March 31, 2021 / Private student loans

8 main advantages and disadvantages of private student loans

Steve M. Lee / federal loans, federal student, interest rates, loans private, private lenders, private loans, private student, student debt, student loans /

Note that the student loan situation has changed due to the impact of the coronavirus outbreak and the relief efforts of the government, student loan lenders and others. Check out our Student Loans Hero Coronavirus Information Center for news and additional details. * * * If you need a student loan for college, your first […]

March 29, 2021 / Child support payment

SupportPay child support payment app announces highest growth rates during pandemic and attracts investment from Morgan Stanley’s Multicultural Innovation Lab Accelerator

Steve M. Lee /

SACREMENTO, California, March 29, 2021 / PRNewswire / – SupportPay, the only co-parenting app to fully manage the process of paying and spending child support, today announced an 82% increase in new users last month compared to the same period last year – a perfect snapshot of pre-pandemic activity vs post-pandemic activity. SupportPay has seen […]

March 29, 2021 / Student financial aid

Michigan Extends Priority Review Timeframe for Student Financial Aid

Steve M. Lee / federal student, financial aid, financial assistance, student aid /

LANSING, Michigan – Students who want priority attention for state financial aid programs now have a little more time to complete their Free Federal Student Aid (FAFSA) application, said Monday the Michigan Department of the Treasury. The deadlines have now been extended to May 1, pushed back from the original March 1 deadline. This application […]

March 26, 2021 / Private student loans

How to get client benefits and referral bonuses for private student loans – Forbes Advisor

Steve M. Lee / interest rates, private lenders, private loans, private student, student loans /

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but this does not affect the opinions or ratings of our editors. Compare personalized student loan rates Takes up to 3 minutes Current students with private student loans or graduates refinancing student loans can often get lender-specific benefits, […]

March 26, 2021 / Student financial aid

Senate subcommittee sends amended student financial aid bill closer to Senate

Steve M. Lee / financial aid, student financial /

Florida state senators introduced a student financial aid bill on Tuesday after removing most of its controversial aspects. The law project, SB 86, initially included a proposal to limit Bright Futures funding for students whose majors did not “lead directly to employment” and the number of college credits they earned in high school. Senator Dennis […]

March 18, 2021 / Student financial aid

Florida Senate Education Committee Passes Student Financial Aid Bill to Next Step

Steve M. Lee /

Florida state senators on Tuesday brought forward a controversial bill that would limit the popular Florida Bright Futures scholarship program. Originally tabled by Senator Dennis Baxley, R-Ocala, Senate Bill 86 proposes changes to the Bright Futures scholarship program that would limit the amount of money awarded to students based on the major chosen. The bill […]

March 15, 2021 / Private student loans

Will private student loans be canceled? 3 Ways Borrowers Can Manage Debt Now

Steve M. Lee / federal loans, federal student, interest rates, private lenders, private loans, private student, student debt, student loans /

Student loan cancellation can be considered, but not for a long time – and only for certain types of loans. (iStock) If you have federal student loans, your monthly payments are suspended until at least September 30 thanks to President Joe Biden who extended the loan payment suspension period shortly after taking office. And while […]

March 8, 2021 / Student financial aid

Student Financial Aid Advisory Council to Meet This Fall – The GW Hatchet

Steve M. Lee / federal student, financial aid, student aid, student financial /

After two years of planning, officials this month will begin accepting requests for a student council to relay concerns about the financial aid office. The Financial Aid Advisory Council will begin meeting in September with at least 10 students and officials to provide student perspectives on GW aid policies and services. Officials said the board […]

February 27, 2021 / Private student loans

How Billionaire John Risley Profits From Private Student Loans | News | Halifax, Nova Scotia

Steve M. Lee /

A billionaire seafood tycoon may have found the secret to solving Nova Scotia’s economic problems: issue high-interest student loans through a private company, then sue them all students who cannot reimburse you. John Risleypresident of Clearwater Fine Foods, is one of nine highly successful (re:wealthy) business figures sent to attend a posh entrepreneurship […]

February 26, 2021 / Private student loans

7 key things you need to know about how private student loans work

Steve M. Lee / federal loans, federal student, financial assistance, interest rates, loans private, private lenders, private loans, private student, student loans /

Note that the student loan situation has changed due to the impact of the coronavirus outbreak and the relief efforts of the government, student loan lenders and others. Check out our Student Loans Hero Coronavirus Information Center for news and additional details. * * * Before borrowing a private student loan for college, it’s important […]

February 26, 2021 / Student financial aid

Florida Republicans Propose Changes to Bright Futures and Student Financial Aid

Steve M. Lee / financial aid /

Legislation tabled by an Ocala state senator would make major changes to state financial aid for students, requiring grants to be reassessed every semester and limiting funding for some majors. SB 86, filed by Republican Senator Dennis Baxley, would require eligibility for state financial aid and tuition assistance to be reviewed quarterly and based on […]

February 25, 2021 / Student financial aid

Florida senator introduces bill to restrict student financial aid

Steve M. Lee / department education /

TAMPA, Florida – A Florida Senate bill would reduce the amount of the Bright Futures scholarship some students receive. SB 86, tabled by Republican Senator Dennis Baxley of Ocala, would require grants to be reassessed every semester and limit funding for certain majors that do not lead “directly to employment.” According to the bill, the […]

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