If you’ve missed a student loan payment, you’re not alone. An average of 7% of student loans are in default at any given time! If you have a federal student loan and miss a payment, you’ll be delinquent. If you…
Student loan default occurs when your loan is delinquent for a period of time specified by the lender. How long it takes to go into default depends on the type of loan you have. Under most federal direct loan programs, you’re considered…
If your Federal Pell Grant award exceeds the amount you owe the school for tuition and other expenses at the time of disbursement, you will receive a Pell Grant refund. Each school has its own method and schedule for issuing…
Did you know you could receive a student loan refund? If your student loan exceeds the amount you owe the school for tuition and other expenses at the time of disbursement, you will receive a student loan refund. While it…
Tuition reimbursement is a common employee benefit that helps employers invest in their workforce. Let’s take a look at what it is and how it works. What is Tuition Reimbursement? Tuition reimbursement is a contractual agreement between an employer and…
As a student, understanding when you need to start repaying your student loans is a crucial part of managing your finances effectively. In most cases, you will be required to begin making payments six months after you leave school or…
When it comes to managing student loan debt, understanding the various repayment plans available is crucial. One such option is the Graduate Student Loan Repayment plan. In this article, we will explore what this repayment plan entails, who is eligible,…
If you’re having trouble repaying your federal student loans, you may be able to use deferment or forbearance to reduce the number of your payments or even stop making payments on a temporary basis. The key difference between deferment and…
Paying off your student loans faster requires an update in your repayment strategy. Making payments on your student loan debt is never fun, and it’s downright frustrating when you realize those hefty payments could be going to a mortgage, a…
Definition A student loan forbearance lets you temporarily stop making your payments or reduces the amount of the installments for a time. If you find yourself unemployed, underemployed, or otherwise struggling to keep up, contact your lender to see if…
