Articles on student loans; read articles on how you can pay off student loan debt as soon as possible. Create a payment plan and pay off your student loan debt completely in no time.
Private student loans typically remain on your credit report for seven years after the date of default or last payment. This means that if you’ve missed payments or defaulted on a private loan, the negative mark will stay on your credit report for seven years, impacting your credit score. However, if you’ve paid off the … Read more
If you’re looking for a student loan that offers flexibility, competitive interest rates, and borrower-friendly terms, then Ascent Loans might just be the perfect solution. Ascent Loans provides private student loans tailored for both undergraduate and graduate students, offering options with or without a co-signer. With benefits like customizable repayment plans, interest rate discounts, and … Read more
Consolidating student loans is one way to make repayment easier, especially if you have multiple loan servicers and payments to track. It can also help you reset your payment terms, which can make a difference if you’re struggling to keep up with the minimum monthly payments required by each lender. However, if you consolidate your … Read more
Loan structures with balloon payments feature lower monthly payments because you’re paying for a smaller chunk of the asset throughout the contract term. This allows for more flexibility for cash flow concerns associated with economic cycles or project/operational uncertainties. Balloon payment arrangements are typically documented on one or multiple contract schedules. At the end of … Read more
FedLoan Servicing is a company that handles federal student loan repayment. It provides a variety of tools to help borrowers manage their payments, including calculators and online account management. It also offers a mobile app. Its website also allows borrowers to make advance payments and target extra payments toward specific loans. Borrowers can also pay … Read more
The Elementary and Secondary Education Act (ESEA) is an extensive statute that funds primary and secondary education. It emphasizes high standards and accountability. It was first enacted in 1965 as part of President Johnson’s War on Poverty. Congress has not yet reauthorized it. Consequently, its appropriations are currently implicitly authorized. The new law will allow … Read more
A Grad PLUS loan is a federal student loan that graduate students can use to pay for their courses. It has a fixed interest rate and can be taken up to the total cost of attendance as determined by the school, minus other financial aid received. To be eligible for a Grad PLUS loan, students … Read more
The tuition and fees deduction allowed taxpayers to subtract up to $4000 of education-related expenses from their federal taxes. This above-the-line deduction didn’t require itemizing on Schedule A (Form 1040). Unlike other tax breaks that reduce your total tax bill dollar-for-dollar (such as the American Opportunity Credit and Lifetime Learning Credit), this deduction reduced your … Read more
The Supreme Court has blocked President Joe Biden’s student loan forgiveness plan for the 40 million borrowers who could have qualified. The justices ruled that two individual borrowers who challenged the program lacked standing to do so. The court also found that the Biden administration overstepped its authority in the HEROES Act, which gives the … Read more
Government grants and loans serve as invaluable resources that empower individuals, businesses, and communities to achieve their goals and overcome financial obstacles. Whether it’s funding education, starting a business, supporting community development, or providing assistance during challenging times, government programs offer a wide array of grants and loans designed to uplift and strengthen various sectors … Read more