Student Loan Planner

OCTOBER 5, 2023

The Biden Administration approved $9 billion in student loan forgiveness for at least 125,000 borrowers this week. This is just the latest wave of student debt relief, bringing the Administration’s total student loan cancellation to at least $127 billion since President Biden took office.

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Diverse: Issues in Higher Education

MARCH 15, 2024

Jaylon Herbin The “loan origination” fee for a federal student loan, for example, can range from 1% for undergraduate loans to 4% for graduate and parent loans — potentially adding hundreds or thousands of dollars to students’ debt.

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Student Loan Planner

APRIL 17, 2023

According to The Institute for College Access & Success (TICAS), about 60% of Delaware college graduates have student loan debt. However, […] The post 4 Student Loan Forgiveness Options in Delaware: A Comprehensive Guide appeared first on Student Loan Planner.

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Diverse: Issues in Higher Education

APRIL 26, 2024

Cordray worked to fix student loan system programs, like Public Service Loan Forgiveness and Income Driven Repayment, and oversaw the development and implementation of the SAVE Plan. Cardona said the COO revitalized the FSA Enforcement Unit to hold schools accountable for cheating students and combated student loan scams.

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Student Loan Planner

JUNE 23, 2023

Fifty-five percent of Montanans graduate with student loan debt, with an average balance of $27,114, according to data from The Institute for College Access & Success (TICAS). Paying back student loans can be tough while you’re saving for other goals and dealing with inflation and cost of living.

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Student Loan Planner

JULY 27, 2023

South Dakotans have a higher percentage of graduates with student loan debt, according to data from The Institute for College Access & Success (TICAS). Seventy-three percent of South Dakota students from the class of 2020 had education loans to repay upon graduation. The average loan balance was $32,029.

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Student Loan Hero

NOVEMBER 22, 2022

Student loan forgiveness can wipe out part or all of your student loan debt. The big news on the student loan forgiveness front is that the federal government plans to forgive up to $10,000 in federally held student debt, or up to $20,000 if you previously received a Pell Grant. ( See more below ).

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Student Loan Planner

JULY 20, 2023

Still, 66% of graduates in the class of 2019-2020 had student loan debt, with an average balance of $31,939, according to The Institute for College Access & Success (TICAS).

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Student Loan Planner

DECEMBER 19, 2022

Even so, 64% of Rhode Island residents from the Class of 2020 graduated with student loan debt, according to The Institute for College Access & Success (TICAS). The average student debt for RI borrowers was […]. The post 3 Options for Student Loan Forgiveness in RI appeared first on Student Loan Planner.

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Student Loan Hero

NOVEMBER 22, 2022

The student loan landscape has changed dramatically, thanks to the government’s August announcement of up to $20,000 in loan forgiveness. Specifically, those who received a Pell grant during college can qualify to have up to $20,000 of their current federal student loan balance canceled. Note: As of Nov.

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IEFA

SEPTEMBER 28, 2023

Refinancing your international student loans can be a game-changer in managing your student loan debt more efficiently and potentially reducing the amount of interest you pay by thousands of dollars. But, what are the steps to refinance, and what challenges do international students face in this process?

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Diverse: Issues in Higher Education

MARCH 21, 2024

billion in additional student loan debt relief for 77,700 borrowers. These approvals are the result of fixes made by the Administration to Public Service Loan Forgiveness (PSLF). Dr. Miguel Cardona The announcement brings the total loan forgiveness approved by the Biden-Harris Administration to $143.6 billion for 3.96

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Student Loan Hero

OCTOBER 31, 2022

Student loans can take a significant chunk of your paycheck, making it hard to reach your financial goals. It’s worth learning how to repay student loans faster so you can move on from this debt. Paying your loans in a shorter time also means less interest overall. Plus: Additional ways to tackle student loan debt.

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IEFA

OCTOBER 26, 2023

In this blog post, we’ll guide you through the world of finding financial aid for international students, exploring scholarships, grants and student loans to make your dream of studying abroad a reality. Federal student loans. Private student loans. Federal student loans are available to U.S.

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College Planners of America

JULY 10, 2023

President Biden’s Student Loan Forgiveness Plan, as announced last August, was set to cancel $10,000 in Federal student debt for those making less than $125,000 or households with less than $250,000 in income per year. The ED seeks to ease borrowers back into repayment of their student loans after the long hiatus.

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Diverse: Issues in Higher Education

APRIL 19, 2024

The Institute for College Access and Success (TICAS) has released its latest policy recommendations to make postsecondary education affordable and completable for all students. “It TICAS found that students who receive Pell Grants often end up with $2,000 more debt after college than those who did not receive a Pell Grant.

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Student Loan Planner

MARCH 1, 2024

As a Parent PLUS Loan borrower, you might’ve gotten a federal student loan for your child’s education as an act of love. That’s because this type of education loan comes with an interest rate on the high end and limited access to repayment options. In return, you might’ve gotten a pretty bum deal.

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Diverse: Issues in Higher Education

APRIL 8, 2024

Department of Education is releasing totals for approved discharge across four existing major student loan forgiveness programs — Public Service Loan Forgiveness (PSLF), Income-Driven Repayment (IDR), Saving On A Valuable Education (SAVE), and Total and Permanent Disability (TPD). “It

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NCLC Student Loan Borrower Assistance

DECEMBER 13, 2022

In November 2022, the Department of Education published final rules that will change regulations governing a variety of federal student loan cancellation programs as well as how interest impacts student loan burdens. The new rules will go into effect on July 1, 2023. . Across the board, these rules are a huge improvement.

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Student Loan Hero

NOVEMBER 4, 2022

Note that the government has paused all repayment on federally held student loans through the end of 2022, with no interest to be charged during that period and no loans to be held delinquent or in default. * * *. Why real student loan forgiveness can take a while.

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Student Loan Hero

OCTOBER 31, 2022

Federal student loans are a popular way to pay for college since they offer low-interest rates and flexible repayment terms. However, the Department of Education sets student loan limits, restricting how much you can borrow per year and in total throughout your entire educational career. Federal student loan limits.

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Diverse: Issues in Higher Education

MARCH 1, 2023

The Net Price Calculator Improvement Act aims to improve effectiveness and access to net price calculators. Last year, the Government Accountability Office put out a report that colleges were misleading students, understating costs, and omitting key details about federal student aid. “I

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Student Loan Hero

OCTOBER 31, 2022

Students and graduates needing to find a cosigner for student loan aid typically ask Mom or Dad. But if your parents aren’t an option, you’ll be happy to know that private lenders are often flexible about who can serve as the guarantor of your loan agreement. How to find a cosigner for a student loan, beyond your parents.

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Diverse: Issues in Higher Education

NOVEMBER 10, 2023

Only over a tenth of students receiving Title IV aid (13%) who start at community colleges ultimately earn bachelor’s degrees within eight years, according to a U.S. Department of Education (ED) report. Both two- and four-year institutions play a key role in determining this overall state transfer performance,” the authors wrote.

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Diverse: Issues in Higher Education

OCTOBER 4, 2023

billion in additional debt relief for 53,000 borrowers under Public Service Loan Forgiveness programs; nearly $2.8 Miguel Cardona Michael Reynolds — EPA/Bloomberg The Biden-Harris Administration has approved $5.2 billion in new debt relief for almost 51,000 borrowers through income-driven repayment plan fixes; and $1.2 million borrowers.

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NCLC Student Loan Borrower Assistance

JULY 18, 2023

On Friday, July 14th, the Department of Education announced that it was sending notice to 804,000 borrowers who had spent 20 to 25 years in repayment on their federal student loans that their remaining balance would be canceled. However, they may have to report the cancellation for state tax purposes in a handful of states.

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COE

FEBRUARY 26, 2024

The Council for Opportunity in Education Announces New Partnership with the Institute of International Education Center for Access and Equity February 26, 2024 — by Terrance L. Explore our collaborative initiatives to broaden access to international education and unlock transformative experiences for diverse student populations.

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Diverse: Issues in Higher Education

MARCH 11, 2024

It’s not just student loans, it’s trying to engage in addressing the structural funding inequities.” Sasso emphasized that students of color who live in or plan to attend colleges in states with anti-DEI legislation are more likely to find safe refuge in institutions like MSIs. Dr. Royel M.

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Diverse: Issues in Higher Education

JANUARY 4, 2023

29, the new federal spending plan is set to increase the Pell Grant in 2023, allowing low-income students a chance to access up to $7,395 each year. According to the Department of Education, about six million students received Pell Grant funding in the 2020 – 2021 academic year. The total student loan debt reached $1.75

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Diverse: Issues in Higher Education

APRIL 24, 2024

Harry Williams The changes in the FAFSA process adds an additional layer of complexity to an already intricate system, creating more hurdles for Black students to access and secure the financial aid that is crucial for their educational journey.

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Student Loan Planner

OCTOBER 13, 2023

Key Takeaways: Many doctors, veterinarians and nurses have a high level of student loan debt. This can make it difficult for these borrowers to get a home based on traditional underwriting criteria, including saving up for a down payment.

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NCLC Student Loan Borrower Assistance

APRIL 18, 2024

Any payments you make beyond the 120 qualifying payments should be refunded to you or applied to any other outstanding federal student loans you may have. The temporary PSLF processing pause is part of the Department’s implementation of the new student loan servicing contracts, often called the USDS contracts.

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Diverse: Issues in Higher Education

SEPTEMBER 15, 2023

For these reasons and others, it is time for a strong universal publicly funded option to be created for infants through kindergarten to ensure that all children have access to high-quality early education, regardless of their socioeconomic background. Collaboration with higher education institutions is crucial to accomplishing these aims.

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Student Loan Planner

AUGUST 21, 2023

As a doctor (or other healthcare professional), you might have access to special mortgage lender programs designed with less stringent underwriting requirements. Medical school is so long and can result in a lot of student loan debt. appeared first on Student Loan Planner.

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Student Loan Planner

MAY 10, 2023

Key Takeaways: Medical professionals often have high levels of student loan debt when they finish medical school, which can make home financing challenging. Some doctors, dentists, veterinarians and nurse practitioners have special access to financing options and underwriting criteria that can make it easier to get a home loan.

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NCLC Student Loan Borrower Assistance

MARCH 21, 2023

Roughly 20% of the 43 million Americans holding federal student loans are in default. Department of Education announced its Fresh Start initiative, which provides a pathway out of default for borrowers who defaulted on their federal student loans prior to the pandemic.

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Student Loan Planner

AUGUST 7, 2023

Key Takeaways: Many medical doctors, dentists and veterinarians have a lot of student loan debt, which can limit traditional mortgage options, due to a high debt-to-income ratio. Additionally, residents might have difficulty saving up for a down payment toward their dream home.

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