Definition A Direct Subsidized Loan, also called a Stafford Loan or Direct Stafford Loan, is a type of federal student loan available to undergraduates with demonstrated financial need. With this type of borrowing, you get a low, fixed interest rate,…
Student loan debt weighs on the minds and wallets of millions of college graduates. Yet, it seems as if there are two types of people out there: the ones who view student loans as a curse that must be eliminated…
As you get closer to graduation, the amount you’ve borrowed throughout your academic career becomes more important. Indeed, the task of ridding yourself of debt may seem daunting, but you have more control than you realize. To get started on…
You may have questions at any stage of the financial aid application process or student loan repayment process, where it is helpful to connect to a live person. You can refer to this list of important financial aid phone numbers…
Student loan repayment can be overwhelming, especially when faced with multiple repayment options. In this article, we will provide you with an overview of the various repayment plans available to help you make an informed decision. Whether you’re a recent…
Unfortunately, no, student loan debt does not expire. Just because student loan debt does not expire doesn’t mean you’ll be stuck with student loan debt forever. It also doesn’t mean you can simply stop making payments and the balance will…
Student loan forgiveness sounds like a dream come true for countless borrowers who feel weighed down by debt, but forgiveness programs can result in a hefty tax bill you’re not prepared to pay. In fact, following student loan forgiveness, you…
If you qualify for loan forgiveness, cancellation, or discharge, you do not have to repay the rest of your federal student loans. However, the obligation to continue making payments on your loans is terminated only if you meet very specific…
If you find yourself in a situation where your loan discharge application is under review, it’s important to know what steps you can take to navigate this process effectively. In this article, we’ll discuss the necessary actions and considerations to…
The Federal Government offers two forgiveness programs to entice students to pursue careers beneficial to the public good: the Public Service Loan Forgiveness program and the Teacher Loan Forgiveness program. Private loans are not eligible for federal loan forgiveness, but…
