Over the past several years, many nurses, teachers, social workers, and other public servants have faced challenges accessing the relief they were promised under the PSLF program that was signed into law in 2007. The Department of Education earlier this week announce very large-scale changes that could assist many in qualifying for the program even if they were previously denied.
Nursing Student Loan Forgiveness Options
Working as a nurse can be a great way to start a rewarding career. And while it can be a lucrative field with in-demand jobs, it can also lead to large student loan debt. Today Lauren, takes a look at national programs that nurses across the country have access to assist with getting ahead on their student loan debt.
Why Your Strategy Matters
Student loan payments can eat up a big portion of your paycheck before it even has the chance to hit your bank account. That is why an effective but realistic payment strategy is key. Today, we discuss effective re-payment strategies AND when itis necessary to use them.
Six Ideas for Paying Off Student Loans
While federal student loans payments are on hold, take time to put a strategy in place to pay off this debt faster. When the CARES Act was passed earlier in 2020 to provide financial relief individuals and families through the COVID-19 pandemic, it included a hold on federal student loan payments and on interest charges for federal student loans. The …
529 Plans: The big questions answered
For National College Savings Month in September, we discuss several burning issues about these popular college savings vehicles. Assets in 529 college savings plans more than doubled in ten years, topping $370 billion at the end of 2019 according to the Federal Reserve. Interest in 529 plans has grown as students and parents fret over rising tuition costs and increasing …
Paying Off Student Loans
There are many choices for repaying student loans. This checklist can help you weigh them. Actively managing your debt is an important step, and your student debt may be one of the biggest financial obligations you have. There are many strategies that could help you manage student loans efficiently. Here is a checklist. Choose a federal loan repayment plan that …
Saving for College—Today
College can seem costly, but with an early start and prudent planning, it can be reasonably affordable. Here are some options to start saving for your child’s college costs right now. The amount you’ll need to save depends on the college your child attends and the financial aid offered to you. The trick is to start planning while your child …
Tackling Student Loan Debt
What options do you have if you risk a default? Have you made a federal student loan payment in the last three months? About 11% of federal student loan borrowers have not and are therefore in default. That default rate only represents the borrowers entering repayment.1 More than 8.1 million Americans are behind on federal student loan payments. If you …