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Making Student Loans Cheaper

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What Is a Federal Direct Loan? 

If you’re like many high school students, you’re probably not in the financial position to cover the entire cost of your higher education. Well, you’re in good company. College and other post-secondary institutions can be expensive, close to 48 million borrowers have student loan debt. Once you graduate or leave school, you start making monthly...

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Student Loan Repayment Freeze Extended to August 31

President Biden announced that pandemic relief for federal student loan borrowers was extended once more until August 31, 2023, or 60 days after the student loan debt relief program litigation is resolved.  The pause on student loan payments and interest provided much-needed relief for many borrowers and helped them stay afloat during the financial uncertainties...

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Are Student Loan Payments Tax Deductible?

If you’ve taken out student loans to pay for your education, you’re not alone. In the U.S., a total of 43.4 million borrowers have student loan debt. The good news is that the government helps lift the burden of debt for many borrowers. You can typically claim your student loan interest as a tax deduction...

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How To Consolidate Your Student Loans

As the clock ticks toward the August 31 restart of federal student loan repayments, you may be wondering how to make your monthly payments more affordable. And even if you weren’t able to take advantage of the pause on student loan payments because you have private loans, you might be wondering the same thing. Consider...

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What is a Subsidized Loan?

College can be expensive, and with tuition and other costs continuing to rise, you may need to borrow money from a lender to help pay for your education. You have many student loan options to choose from based on your situation. One of these options is a federal direct subsidized loan. So, what is this...

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The Student Loan Interest Deduction: Are You Eligible?

While education is a valuable investment, no one likes student loan debt. It’s a long-term expense that can make it harder to achieve milestones like buying a home or saving for the future. But now that you’re out of school and paying taxes, there is one benefit you can get from your student loan payments....

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Should I Refinance My Student Loans?

You make it out into the real world – and all of the sudden – it dawns on you that you’ve got adult bills to pay, and the student loan debt you racked up in school is looming over your head like a dark cloud.  Depending on how much debt you accumulated, your starting salary...

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10 Tips for Repaying Your Student Loans

Ahhh, student loans. The expense that seems to be never-ending. Yeah, they get a bad rap these days. While we’re not saying that you couldn’t throw some shade their way, remember that you got them for a good reason. So let’s focus on what to do now. If you’re smart with how you repay them,...

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Income Driven Repayment Plan for Student Loans: How They Work

As a recent graduate, you’ve got a lot on your plate: building a career, living on your own, figuring out what you want to do with the expensive education you’ve just completed – and managing your student loan debt. The good news? If you’re like more than 40 million other Americans, your student loan debt...

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5 Ways To Receive Student Loan Forgiveness

Ever wish you could just snap your fingers and make your student loans disappear forever? With student loan payments deferred during the pandemic, many people are wondering if full student loan forgiveness under Biden might be on the horizon. Not so fast with the “ta-daaa,” though. While the government may not be ready to wipe...

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Consolidate Student Loans vs. Debt Restructuring: Which Is Best?

When you’re a senior in college, probably one of the last things on your mind is student loans. We can still hear ourselves saying, “It’s all good. Future-me will deal with it.” But life can hit you pretty fast. Whether you got your dream job after graduation or you’re making ends meet until you figure...

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Tips for Refinancing Your Student Loan

You make it out into the real world – and all of the sudden – it dawns on you that you have real bills to pay and the debt you racked up in school is looming over your head like a dark cloud. Depending on how much debt you accumulated, your student loan payments may...

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