The Free Application for Federal Financial Aid, or FAFSA, opens today for the 2019-2020 school year, and college students now have the option to file from their phones for the first time.
Defaulting on student loans has become an inevitability for a certain proportion of borrowers: According to a report from the Urban Institute, 1 million borrowers default on their loan payments each year—defined as not having made a payment in nearly a year—and around 40 percent are expected to default by 2023.
Most graduates have a six-month grace period after college before they need to begin to make their monthly student loan payments.
Your student loans might be the last thing on your mind when you have your classes, rushing a sorority and that guy down the hall to figure out, but there are a handful of things you should do now that will put you ahead of the curve come graduation.
Most young people don’t learn the tenets of personal finance in school, but building solid habits throughout your teens and early twenties can help set you up for a truly prosperous life.
The Trump administration is proposing changing the requirements for defrauded students to have their student loan debt forgiven, making requirements stricter for those who claim they were cheated.
Student loan scams are on the rise, but it’s not just third parties you need to worry about getting the best of you. In many cases, your servicer can mess up payments, stall loan applications or sell of your debt without proper notice.
Student loan scams are on the rise, and fraudsters are employing more complex and sophisticated methods than ever before.
Paying off student loans is a slog, and for many can feel like a never-ending financial black hole. While Congress doesn’t seem bothered by our collective $1.6 trillion (and ever growing) debt, and any possible relief seems a long way off, there are small things you can do to lessen your loan load.
When you graduate college (or drop to less than half-time status), you’re given a six-month grace period before you have to start repaying your loans. For many, it’s a godsend: You can hopefully find your financial footing before your first payment is due, lessening your money anxiety. But there’s a big reason you…
The banking bill just signed by President Donald Trump includes rules that may give private student loan borrowers some peace of mind.
If you have a college tuition bill coming due soon and don’t want to get stuck in student debt hell, ask your school’s financial office about its payment plan options.
Older Americans have more student loan debt than ever, but in many cases it’s not because of their own higher education costs. The number of Americans aged 60 and older with student loan debt quadrupled from 700,000 to 2.8 million between 2005 and 2015, according to a report from the Consumer Financial Protection…
Beware any company that charges you a fee in exchange for reducing student loan payments, making loan payments for you, switching repayment plans, consolidating loans or applying for loan forgiveness, because it’s probably a scam.
Identity theft comes in many forms, one of which could include someone taking out student loans in your name. Wouldn’t that be a nice surprise!
Student loan repayment options pushed by colleges could be doubling or even tripling the amount borrowers owe, according to a report from CNBC.
Congrats, grad! If you’ve received a financial aid letter from a prospective undergraduate or graduate program, that means you filled out the FAFSA correctly—no easy feat—and you’re on your way to accomplishing your dreams. But before you sign on the dotted line, here’s what you need to know about those financial aid…
Each Monday we’re tackling one of your pressing personal finance questions by asking a handful of money experts for their advice. If you have a general question or money concern, or just want to talk about something PeFi-related, leave it in the comments or email me at email@example.com.
Millennials are putting off marriage, have you heard? And while some talking heads would have you believe smart phones and video games are largely to blame, I’d posit it’s more likely a consequence of the combination of crushing student loan debt and low-paying jobs that has defined life for many people in Generation…
After loan forgiveness, refinancing was the most popular topic you all sent in questions about this week. You want to know when it’s a good idea, what the complications are and which companies you can trust.