Student Loans

Perkins Loan Cancellation

Perkins loans were created for students with extreme financial need and, although they’re no longer available as of September 2017, many borrowers are looking for ways to have them forgiven or discharged. Perkins loan cancellation or discharge exists in a few ways, including Public Service forgiveness. Read on to find out more about Perkins Loan cancellation, including how…

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Buying a Car with Student Loan Debt

If you’re buried in student loan debt and you’re considering buying a car, you may not know where to begin. The following information is everything you need to know if you’re buying a car with student loan debt. How Much Can You Afford to Spend on a Car? Whether or not you have student loan debt—but especially if you…

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Private Student Loan Default

Millions of Americans default on their student loans because they simply cannot afford the monthly payment. Although it more commonly occurs with federal student loans, private student loan default happens too. If your private student loans are in default, or you fear that they soon will be, there are steps you can take to remedy the situation. Student…

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Student Loan Help: The 5 Steps You Need to Take

When you feel like your student loan debt keeps piling up and you can’t get ahead, remember that student loan help is never far away. You can get help with student loans that will eliminate your debt completely or lower your payments. Below you’ll find a list of free and paid resources and the five steps you need…

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Borrower Defense to Repayment

What happens if your school lies to you? Let’s say its commercials guarantee that 90% of their graduates get jobs, but it turns out that only 20% of graduates actually do. You may qualify for borrower defense to repayment, which means you can apply for a loan cancellation and seek a refund for the amount you already paid. …

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The Best Student Loans in 2018

For many students, grant money, scholarships, and savings are not enough to cover tuition and housing costs. Loans help pick up the difference. Your best student loan options come from the federal government, but sometimes those loans will not be enough to cover your education costs. When that is the case, most students must turn to private student…

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Student Loan Forbearance

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Navient Student Loan Forgiveness Options

If you have student loans, you’re probably interested in getting out of debt faster or reducing your monthly loan payments. Student debt can hinder financial growth, and it can cause tremendous personal stress. If you have loans that are serviced by the company Navient, you may have heard that your Navient student loans can be forgiven. While this…

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The 7 Types of Student Loan Deferment & How To Apply

You may fall on hard times and it feels like paying back your student loans is impossible. Thankfully, you have options to postpone your payments for a while until you get back on track. Student loan deferment, along with forbearance, allows you to postpone your payments for a while and also keep the loans in good standing. The…

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Wage Garnishment: What It Is and How to Stop It

A wage garnishment allows debt collectors to use your income to pay your debts. This typically happens after you’ve defaulted on your loans. According to a study by the ADP Research Institute, 7.2% of employees had their wages garnished in 2013. Out of that total, 2.9% of those were for student loan and court-ordered consumer debt garnishment. Wage…

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