Budgeting for student loan payments might feel overwhelming, but breaking the process down into steps can help.
If your budget doesn’t allow you to resume payments, it’s important to know how to navigate the possibility of default and delinquency on a student loan. Both can hurt your credit rating, which would make you ineligible for additional aid. If you’re in a short-t...
You Qualify For Student Loan Forgiveness:If you're already in astudent loan forgiveness planor think that your student loan balance will be eventually canceled, then it makes sense to make the minimum payments and invest your money in other areas. You don't want to pay extra on student loa...
By this stage, you should have all the required information you need to beginbudgetingfor your student loan repayment. An effective budget will take into account all outgoings (including but not limited to your student loan repayments), and any salaries fromstudent jobsor any investments you hav...
For many, managing student loan debt has been a struggle since October 2023 when the federal repayment program restarted after a more than three-year hiatus. Ashley Weeks, Wealth Strategist at TD Wealth, has some practical tips on how to help handle this major budget expense. ...
For some people, refinancing is a smart move that can save money and improve their financial lives. Here's how to refinance student loans.
It may be too early for college seniors to create a budget for student loan repayment, but it's never too early to learn the basics. Starting a budget now that you can update when your salary changes or when your loans enter repayment will help you form good...
One of the best ways to get on a budget is to consider using a budgeting app. However, you don’t have to do that — if you’re disciplined, you can create a budget all on your own and stick to it, even if it’s in a simple spreadsheet. ...
When Congress voted in May to restart student loan payments this fall — and then the Supreme Court overturned President Biden’s student loan forgiveness plan in…
I knew I had to keep earning a good income online in order to pay off my student loan debt, so I made sure that I spent time growing and improving my blog as well. Since I love blogging so much, this was a fun task for me. ...