Student Loan Planner

JANUARY 11, 2024

The return to repayment is not going very well for millions of student loan borrowers. The Covid forbearance (also known as the student loan pause) ended in the fall of 2023. Most federal student loan borrowers had three-and-a-half years of suspended payments and no interest accrual.

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Student loans Students 72

Student Loan Planner

MARCH 12, 2024

A crucial deadline directly related to student loan forgiveness is approaching. To benefit from one of President Biden’s most successful student loan forgiveness initiatives, certain borrowers might need to consolidate their loans through the federal Direct Loan program by April 30, 2024.

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Student loans Students Success 115

Diverse: Issues in Higher Education

AUGUST 8, 2023

New Mexico's Higher Education Department has announced that it is accepting applications for a program that will provide up to 100 percent student loan forgiveness for New Mexico residents who graduated from one of the 23 out-of-state professional and graduate programs.

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Student loans Students Higher education Facilitation 246

Ed.gov Homeroom

MARCH 14, 2024

Department of Education This spring, Federal Student Aid (FSA) will begin improving how individual borrowers manage and repay their federal student loans.

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Student loans Students Education 72

Student Loan Planner

OCTOBER 23, 2023

Millions of federal student loan borrowers are facing an array of problems as the return to repayment commences. For more than three years, much of the federal student loan system was effectively turned off. Payments were not due, interest did not accrue, and collections activity against defaulted borrowers was halted.

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Student loans Students 107

Student Loan Planner

NOVEMBER 6, 2023

What you owe on your student loans is likely more than you borrowed. It can be jarring to see your loan amount go up, compared to your principal balance. So what increases your student loan balance, exactly? Interest is the price of accessing loans. In many cases, interest is the culprit.

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Student loans Students Access Accessibility 98

Student Loan Planner

FEBRUARY 14, 2024

For student loan borrowers, the environment is as complex as ever, with a broad array of new programs, laws, temporary initiatives, and expiring… The post 2024 Tax Issues for Student Loan Borrowers: What You Can’t Afford to Miss appeared first on Student Loan Planner.

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Student loans Students 122

Student Loan Planner

MARCH 17, 2023

A key federal oversight agency is warning student loan companies not to try to collect payments from borrowers who have had their student loans discharged in bankruptcy.

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Student loans Students 138

Student Loan Planner

NOVEMBER 7, 2023

If you’re readjusting to making monthly federal student loan payments again, you might consider getting on a new repayment plan. You can change your student loan repayment plan whenever you want, at no cost to you. This benefit is typically reserved for student loan borrowers with federal loans from the U.S.

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Student loans Success Students Education 98

Student Loan Planner

NOVEMBER 2, 2023

The first month of repayment following the end of the student loan pause has been a bit of a mess. Hundreds of thousands of borrowers have had their student loan payments miscalculated by their loan servicers, according to reports from The Washington Post and The New York Times.

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Student loans Students Education 128

Student Loan Planner

MARCH 6, 2024

The new weighted average consolidation rules for student loans are completely different from those before or during the pandemic. These new rules are in effect as of July 2024.

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Student loans Students 52

Student Loan Planner

SEPTEMBER 14, 2023

More than 40 million borrowers are simultaneously returning to repayment this month following the historic end of the student loan pause in August. As borrowers begin to report problems, a federal watchdog agency is warning loan servicers that it is monitoring student loan companies for unfair, deceptive, or illegal conduct.

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Student loans Students 119

College Aid Consulting Services

JANUARY 10, 2022

College students get Federal student loan relief until May 2022. The current administration extended a student loan moratorium that has allowed families to put off debt payments during the pandemic. Payments on Federal student loans will be paused through May 1, 2022.

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Student loans Financial aid Students FAFSA 130

Student Loan Planner

FEBRUARY 28, 2024

Being debt free has psychological advantages, but the math is undeniable that the average college graduate should pursue student loan forgiveness instead of debt repayment.

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Student loans Students 98

Student Loan Planner

OCTOBER 25, 2023

As 40 million student loan borrowers return to repayment this month following the three-year Covid forbearance, one group of borrowers is facing particularly dire circumstances: parent borrowers. Parent PLUS loans are federal loans issued to parents for the benefit of a child’s undergraduate education.

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Student loans Undergraduate education Students Education 105

Student Loan Planner

NOVEMBER 6, 2023

Student loans are rapidly becoming part of everyday life for many people. When paying down your student loan balance, student loan interest, your monthly payment and your principal all interact through a process called amortization.

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Student loans Scheduling Students 95

Student Loan Planner

AUGUST 15, 2023

Student loan payments are set to resume as soon as the longest national forbearance in history comes to an end. For over three years, the student loan pause has suspended payments, frozen interest, and halted collections for most student loan borrowers.

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Student loans Students 98

Student Loan Planner

JANUARY 5, 2024

Public Service Loan Forgiveness (PSLF) is one of the most popular federal student loan forgiveness programs, and it has been in the news a lot during the last two years. As… The post 3 New Pathways To Student Loan Forgiveness Through PSLF Under New Rules appeared first on Student Loan Planner.

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Student loans Students Education 116

Student Loan Planner

JANUARY 24, 2024

After several years of the COVID-19 forbearance payment pause, federal loan borrowers are back to making required student loan payments again. Over 400,000 student loan borrowers had an incorrect monthly payment amount, according to The New York Times. But the return has been messy and riddled with errors.

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Student loans Students 98

Student Loan Planner

DECEMBER 18, 2023

Millions of federal student loan borrowers returned to repayment in October 2023 following the end of the Covid-era forbearance, which had been in effect since March 2020. The transition back to normal billing has not been going well.

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Student loans Students 80

Student Loan Planner

OCTOBER 10, 2023

The FUTURE Act made it possible for a borrower to share their income automatically with their student loan servicer for the purposes of recertifying their income driven repayment (IDR). However, this requires an individual’s consent.

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Student loans Access Accessibility Students 124

Student Loan Planner

OCTOBER 3, 2023

Department of Education has facilitated three and a half years of paused payments and interest for federal student loan borrowers. As of October 1, 2023, more than 40 million student loan borrowers resumed their loan repayments.

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Student loans Facilitation Students Education 97

Student Loan Planner

MAY 31, 2023

Multiple efforts are underway to repeal President Biden’s signature student loan forgiveness initiative. Biden’s one-time student debt relief plan, if allowed to proceed, would provide $10,000 in federal loan forgiveness, or up to $20,000 if the borrower received a Pell Grant.

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Student loans Students Grant 98

Student Loan Planner

AUGUST 11, 2023

If you’re a student loan borrower, your monthly payment and loan amount might hurt your DTI, making you a less attractive applicant to lenders. Keep reading […] The post How Do Student Loans Impact Debt to Income Ratio? appeared first on Student Loan Planner.

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Student loans Students Application 97

Student Loan Planner

MARCH 8, 2024

Even with financial help from the CARES Act — which froze student loan payments and slashed… The post Survey: 1 in 14 High-Debt Borrowers Had Suicidal Ideation Due to Student Loans (2021) appeared first on Student Loan Planner.

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Student loans Mental health Students 98

Student Loan Planner

APRIL 20, 2023

The Education Department is in the process of processing hundreds of thousands of student loan forgiveness applications for borrowers who have committed to careers serving their community or the public. And many more borrowers may qualify for relief in the coming months.

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Student loans Students Application Education 103

Ed.gov Homeroom

OCTOBER 5, 2022

PROTECT YOURSELF FROM SCAMS INVOLVING STUDENT LOAN DEBT RELIEF YOU ARE YOUR BEST PROTECTION AGAINST SCAMMERS DON’T pay anyone who contacts you with promises of debt relief or loan forgiveness. The post Student Loan Debt Relief Do’s and Don’ts appeared first on ED.gov Blog. Continue Reading.

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Student loans Students Application 139

Student Loan Planner

AUGUST 1, 2023

The student loan pause is coming to an end for millions of borrowers. For the first time in over 40 months, borrowers will have to resume repayment on their federal student loans, which have had billing and interest suspended under the Covid-19 forbearance.

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Student loans Students 98

Student Loan Planner

DECEMBER 12, 2022

This impacts you as a student loan borrower in a number of different ways depending on the type of repayment approach you’re taking with your loans. The post How Inflation Impacts Student Loan Borrowers appeared first on Student Loan Planner. If you’re careful, […].

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Student loans Students 98

Student Loan Planner

FEBRUARY 6, 2024

Student loan borrowers have enough to worry about with their student loan payments. One convenient way to make repayment easier is setting up automatic payments for your student loan. Many loan servicers offer… The post Student Loans with Automatic Payments: Helpful or Harmful?

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Student loans Students 52

Student Loan Planner

FEBRUARY 6, 2024

Student loan borrowers have enough to worry about with their student loan payments. One convenient way to make repayment easier is setting up automatic payments for your student loan. Many loan servicers offer… The post Student Loans with Automatic Payments: Helpful or Harmful?

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Student loans Students 52

Ed.gov Homeroom

DECEMBER 18, 2023

This is a one-time initiative Continue Reading The post Seven Things to Know About the Student Loan Payment Count Adjustment appeared first on ED.gov Blog. Department of Education (Department) has approved almost $44 billion in debt relief for more than 900,000 borrowers as part of the payment count adjustment.

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Student loans Students Education 121

Student Loan Planner

MARCH 21, 2024

The new SAVE plan has opened the door to small-debt student loan forgiveness for millions of borrowers. If you owe less than $20,000 of federal student loan debt, you might be better off pursuing student loan forgiveness versus sticking with the conventional wisdom of hustling to pay them off.

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Student loans Students 52

Student Loan Planner

DECEMBER 18, 2022

When paying for college, private student loans can fill a gap in the cost of attendance, especially if the financial aid you receive isn’t enough to cover your expenses. And, unlike federal student loans, there are no hard limits to how much you can borrow.

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Student loans Financial aid Students 98

Student Loan Planner

JANUARY 24, 2024

As a student loan borrower on an IDR plan, like SAVE, PAYE or ICR, you might have repeatedly read, “Manage your AGI”, and that saving on taxes will save you on student loans.

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Student loans Students 98

CFAA College Financial Aid Advisors

JUNE 15, 2023

Let’s be honest: in the summertime, no one wants to be reading up about interest rates or student loan options. But as parents of college students, we also all know that time flies by quickly. Pushing off research on loan options may seem like the.

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Student loans Students 126

Student Loan Planner

JANUARY 11, 2024

Dealing with student loans is frustrating, but it can be even more overwhelming if you’re facing a student loan dispute with your loan servicer. If you have an issue to report, here’s a guide on how to dispute student loans and what to do next if you need to escalate the matter.

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Student loans Students 52