“Don’t count on loan forgiveness – it doesn’t work!” “It doesn’t sound like loan forgiveness is a thing. Didn’t you see that 99% of people get rejected?” There is a ton of negativity around Public Service Loan Forgiveness. Many are telling people there is no way they will get loan forgiveness. But in reality, […]
Read More >>
As of June 2019, there were approximately 3.5 million Parent PLUS student loan borrowers, with approximately $100 billion in outstanding loans. While this is only a small portion of the 40 million plus student loan borrowers and $1.6 trillion in outstanding student loans, Parent PLUS loans do have different repayment options and requirements than other […]
Read More >>
During a recent student loan repayment webinar I was asked the question “can I trust my financial advisor with my student loans?” This is a really important question that I thought would be worthwhile to address in a post. It’s a question that will come up again and again, as a higher percentage of Americans […]
Read More >>
A few years back student loan refinancing wasn’t something that most people heard about. That’s not the case today. The student loan refinancing industry has exploded. According to LendEDU, private student loans now total approximately $100 billion. Driving the trend towards more and more private student loans includes: Cost of College – As the […]
Read More >>
As I researched and wrote Student Loan Solution, it became obvious to me that there are many common misconceptions about student loans. This wasn’t surprising, though. Any time you have something that is overly complex, you are bound to have misconceptions. Unfortunately for student loan borrowers those misconceptions about their loans can cost them […]
Read More >>
Since publishing Student Loan Solution, I’ve received many questions about student loans. Most of these questions focus on technical aspects of student loans or what repayment strategy makes the most sense. But one question I received was a bit different. Someone asked: How can student loan borrowers advocate for themselves? I’m a big believer […]
Read More >>
If you are one of those who was lucky enough to not have student loans, you likely know someone else who had them or has them. It’s also almost impossible to avoid the near-daily reminders of how big of an issue student loan debt has become. It’s natural to want to help your children […]
Read More >>
It can be tough to find time to focus on personal finance while you are in college. After all, college students have very little “extra” time. They are trying to perform well in all their classes, and many have numerous obligations outside of class such as working, volunteering, organization involvement, and social lives. And […]
Read More >>
Every day there are millions of people who use spreadsheets at their job or business. Even if you have only a basic understanding of Excel or Google Sheets, you probably realize how powerful they can be for things like planning and tracking. While there are thousands of personal finance tools and apps out there […]
Read More >>
As much as we value education in the United States, it doesn’t change one fact that casts a dark cloud over higher education: student loans can feel like an impossible, insurmountable challenge. Even if you land a job out of college that pays decently, those monthly student loan payments can still be painful. They […]
Read More >>