Since 1980, the total cost of both four-year public and four-year private college has nearly tripled. Student loan debt vastly outpaces personal credit card debt. Now, President Biden has announced student loan forgiveness for borrowers. But how did we get here? Why has this massive debt continued to accumulate for so many Americans, and is President Biden’s plan even going …
Paying Off Student Loans
There are many choices for repaying student loans. This checklist can help you weigh them. Actively managing your debt is an important step, and your student debt may be one of the biggest financial obligations you have. There are many strategies that could help you manage student loans efficiently. Here is a checklist. Choose a federal loan repayment plan that …
Six Ideas for Paying Off Student Loans
While federal student loans payments are on hold, take time to put a strategy in place to pay off this debt faster. When the CARES Act was passed earlier in 2020 to provide financial relief individuals and families through the COVID-19 pandemic, it included a hold on federal student loan payments and on interest charges for federal student loans. The …