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what happens when you default on your student loans

What happens when you default on student loans?

Life can take unexpected turns that make paying back student loans incredibly difficult when we are laid off or fall ill. Unfortunately, missing a handful of payments can switch our account into “default” status, which can make our financial situation even worse (Forbes). What Is Student Loan Default? This occurs when full payments on student…

too poor for college but too rich for financial aid, paying for college

Too poor for college, too rich for financial aid

It’s a tough situation that millions of families across the country find themselves in. Students work their hardest to get into amazing schools, only to find out that their financial aid package doesn’t go as far as they thought it would. While it’s not always avoidable, there are some steps students’ families can take to…

should you refinance your student loans, college loan repayment

Should you refinance your student loans?

Student loans are growing and young Americans are drowning in a sea of debt exceeding $1 trillion. Why is it getting so bad? Keep reading here. 18-29 year-olds find themselves borrowing money for their education and nearly 1 million student borrowers default payments each year, so most of that money is not being repaid. However,…

how trump's tax reform could impact student loans, student taxes

How Trump’s tax reform could impact your student loan debt

Welcome to the start of tax season. That special time of year that leaves many students scratching their heads, wondering what the heck they need to do to file their income tax return. And if you’ve been following the news, you might also remember that back in January 2018, the Trump administration passed a Tax…

How to get your student loans forgiven using savvy tips from experts

How to get your student loans forgiven

Do you ever wish that your student loan debt would magically disappear? As students, paying for our education can be difficult. Most likely, we are forced to take out loans which means debt. Bloomberg reports that that 2019 was the first year in over a decade in which young Americans have faced such high debt…

What are the qualifications for student loan forgiveness programs? You should know how to attack your student loan debt and which repayment plans you have available to you. Everything from income-based student debt forgiveness to public service loan forgiveness (PSLF).

Here’s how to find out if you’re eligible for student loan forgiveness

Ever thought of faking your own death or moving to a foreign country to get out of paying your student loans? What if we told you that there was a better, much more legal way to get out of student loan debt? Student debt is a $1.5 trillion-dollar problem and it’s estimated that roughly 50%…