Our blog is designed to provide information regarding some of the critical topics those with student loans must be aware of to be able to make educated decisions regarding their future.
Student loan default generally occurs on your student loans when you do not make a scheduled payment on your student loan for a period of at least 270 days. This default status will be displayed on your credit report and will make it difficult to take out any loans in the future. In this article, we will explain all…
Continue Reading ->Law school often promises a rewarding future, both monetarily and personally, which is why so many high-achieving high school and undergraduate students set off on the path to graduating with a law degree. However, along with medical school, law school is one of the most expensive post-graduate programs you can choose, and paying off your law school debt…
Continue Reading ->There’s a myth going around that even if you declare bankruptcy, you still have to pay our student loans. This just isn’t true. You can have your federal student loans discharged in bankruptcy if you file an adversary proceeding, which means a court finds repayment of your student loans to cause undue hardship to you and your dependents.…
Continue Reading ->Like most Americans, you probably use your credit card on a daily basis for life’s common purchases — groceries, gasoline, movie tickets, and the like. Would you ever consider to pay rent with a credit card? Currently, credit cards account for over $1 trillion of the total $13 trillion in American debt. Few people think twice about charging a Netflix…
Continue Reading ->If you feel like your credit card debt has been sneaking up on you, you aren’t alone. For households that carry credit card debt, the average balance is $15,654. In December 2017, revolving credit that was primarily credit card debt jumped to $1.023 trillion nationally according to the Federal Reserve. This is higher than that just before the housing…
Continue Reading ->Without financial aid, many—if not most—American college students would be unable to attend college or obtain degrees. Like the term suggests, financial aid is a sum of money that helps a student pay for tuition and living expenses. However, the while in school. But do you have to pay back financial aid? The term “financial aid” includes a…
Continue Reading ->Have you ever thought you’d be told to wait to pay off your student loans? Especially when you read about people who pay off anywhere from $48,000 to $90,000 in debt in an impossible amount of time. Not only is student loan debt the reason many Millennials aren’t buying homes, but it can be psychologically taxing, too. If…
Continue Reading ->Have you ever bought something only to find it discounted a few weeks later? It’s even worse if you thought you were getting a great deal at the time. If you like being a savvy consumer and saving money, this can be a serious thorn in your side. Enter: Paribus. This app promises to save you money by…
Continue Reading ->When Houston man Paul Aker was arrested by US Marshals in February 2016, his apprehension made national headlines. He claimed his arrest was due to his unpaid student loans. Well, that wasn’t quite the case. Yes, Aker owed money on student loans nearly 30 years old. But no, he wasn’t arrested because he didn’t pay off his college…
Continue Reading ->What Is a Parent PLUS Loan? A PLUS loan is a federal loan that graduate students, or parents of dependent undergraduate students, can borrow to pay for college or a career school. The U.S. Department of Education makes Direct PLUS Loans to eligible borrowers through schools participating in the Direct Loan Program. A Parent PLUS loan is one that parents…
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