Believe it or not, student loan servicer Navient is being sued yet again for predatory lending practices that Pennsylvania Attorney General Josh Shapiro calls “unfair and deceptive.” Navient claims they’re not doing anything wrong, but here’s what you should know, anyway.
It sounds a little ridiculous to move just to save money on your loan, but the student loan burden is no joke. If you’re curious, Student Loan Hero has a calculator that will tell you how much you could potentially save.
We all want that “finding myself through travel” experience in college, but going to school abroad seems like an impossible, expensive dream. Surprisingly, it’s actually cheaper in some cases, thanks to rising tuition costs in the States. But don’t hop on a plane just yet. There are a number of variables to consider.
Last year, the Department of Education and Consumer Financial Protection Bureau released some guidelines to protect student loan borrowers. Yesterday, Secretary of Education Betsy DeVos sent a letter (PDF) to the Federal Student Aid office withdrawing some of those guidelines.
If you’re paying for college, you probably need all the help you can get, and thankfully, you can get at least a little tax relief. To see if you qualify for specific education-related credits and deductions, the IRS has created an online interactive tool.
Student loan debt has been an issue for a while, and it’s now at $1.4 trillion in the U.S. To make matters worse, a few recent happenings have made the situation a little more grim for borrowers. These changes won’t affect every student debtor, but it’s still worth paying attention.
The only reason so many students are willing to take on huge student loans is because of the promise that they’ll earn more after college. This tool shows just which colleges give you the best boost to your salary for the amount of money you sink into your education.
If you’re drowning in student debt, you might be tempted to refinance or consolidate your loan. This is basically taking on a new, completely different loan to pay for your original debt. When you take on a new loan to pay off your student loan, you may lose some benefits you could need later.
Last year, online lender Avant bought ReadyForZero, a pretty robust debt tracker and management tool. Unfortunately, they recently shut down the platform, though, deactivating user accounts. If you need a new debt planner, here’s where to look.
Chances are you’re dealing with one of two situations: either you’re a college graduate trying to figure out how to pay off your student loans at a reasonable rate, or you’re at the beginning of your education and need to decide how much to rely upon loans. Where to get started figuring out your options?
Getting out of debt isn’t easy, and while there’s plenty of practical advice to help, the psychological toll is a huge, often-overlooked obstacle. When you feel utterly powerless against debt, it only makes the process more difficult. While it takes money to get the job done, shifting your mindset to an empowered one…
You never want to miss a debt payment of any kind, but student loans are complicated. Over at Credit.com, editor Constance Brinkley-Badgett explains why a late student loan payment can hurt your credit even more than you probably think.
If you have trouble paying back your student loans, there are relief options. For example, the Public Service Loan Forgiveness (PSLF) program forgives some federal loans if you work in a certain field. Student Loan Hero’s PSLF calculator estimates how much relief you can expect to receive.
If money is tight and you can’t afford your student loan payment, there are relief options available. It can be confusing to navigate them all, but this interactive tool gives you an idea of the options you likely qualify for, then helps you get started with them.
Student loan refinancing can help you save money on interest, but it’s not always ideal. In deciding whether or not it’s a good option, it helps to know the risks associated with refinancing. Student Loan Hero runs down some of these risks.
Before your student loan kicks in, you get a short grace period to prepare for the monthly payment. Some loans, however, accrue interest during that time. Student Loan Hero suggests paying off that interest to lower your overall balance.
Debt counseling is a real service, and it can be incredibly helpful for people with massive debt—including student loans. However, there are also plenty of scams out there that piggyback on these services. Student Loan Hero explains how to spot a scam.
If your student loan debt is a burden, there are a handful of options that might offer some relief, from income-based repayment to student loan refinancing. These options can be confusing, so the federal Consumer Financial Protection Bureau (CFPB) created a tool to help you navigate them.
There are a handful of reasons for the student loan crisis. A lot of experts partially blame for-profit colleges, many of which dupe students into taking on massive debt and lie about placement rates. If this sounds familiar, a group called Debt Collective has an online form where you can dispute your student loan…
College can be expensive. Even a small amount of financial aid can help, but there are so many different options out there, it can be overwhelming. myFICO simplifies all of your options with their online guide.