Do you feel weighed down bystudent loan debt? If so, you might consider consolidating or refinancing your loans to lower your monthly payments. In many cases, this can be a smart financial move. But before deciding toconsolidateorrefinance, it pays to first figure out how to do, as the ...
Distributions from a 529 plan owned by a grandparent or other non-parent relative on behalf of the beneficiary will no longer be included in the calculation to affect the amount of aid a student receives. Another big change is that, rather than dropping to $0, as the EFC used to do in...
If you ever feel that your student loan servicer or holder of your loan has taken an action that you do not understand or disagree with, your first step should be a phone call to get more information. Mistakes can happen – whether on your end or theirs – and many complaints are easil...
Direct loans made by the federal government qualify for forgiveness. Loans made by private, non-governmental lenders do not qualify. Bear in mind that, while the federal government doesn't levy taxes on the amount of a student loan that's forgiven, certain states may do so. What Type of ...
Holiday Gathering on a Budget Focus on creating an experience for your holiday gathering, which can control costs. Aja McClanahanDec. 10, 2024 AI Can Help With Gifts Using artificial intelligence can relieve gifting stress while helping you save time and money. ...
It’s important to note that student loan cancellation is typically only available for federal student loans. Private student loans generally do not offer cancellation options, although some private lenders may have their own unique programs in place. ...
Here's what you should know if you're wondering, "How do student loans work?" Video of the Day Basics of Student Loans Students – and sometimes their parents – cantake out student loansto cover the cost of attendance at a specific school for the school year.Federal Student Aidmentions ...
Here are four things college seniors can do over the holiday break to help lessen student loan stress after graduation: Know how much you owe. Update your contact information with your loan servicer or holder. Review student loan forgiveness options. Learn budgeting ba...
Accept your financial aid offer.The amount of aid you’re offered will vary by school. Once you’ve compared offers and chosen a school, contact the school to accept the financial aid. If it includes federal student loans, the school will tell you how to accept them. ...
If you’re classed as an independent student, Student Finance England won’t take your parents’ income into account when working out how much student finance you can get. Understand if you qualify and how to apply here.