"This is a good step for all borrowers, but it is especially critical for borrowers who have a new loan servicer, who are working towards Public Service Loan Forgiveness, or who were enrolled in an income-driven
What Is a Subsidized Student Loan? Students with high financial need are eligible for federal subsidized student loans, which come with more benefits than unsubsidized loans. Currently, if you qualify for a subsidized loan, you can borrow for up to 150% of the published le...
Or, if you've completed qualifying active-duty service and any applicable grace period. Parent PLUS Borrower Deferment: If you’re a parent who received a Direct PLUS Loan to help pay for your child’s college, and the student you took the loan out for is enrolled at an eligible college...
b. Even estimating PSLF buyback works, it could be an unknown period of time before the transfer to ICR gets processed by loan servicer given their anticipated work back log at this time. Similarly, once I get in the plan, pay my month, I would want to transfer out of it again and ...
The student loan interest deduction is taken as an adjustment when calculating your adjusted gross income, or AGI. This means you don't have to itemize your deductions to take it. To qualify, the interest payments you make during the year must be on a student loan that you too...
Keep reading to find out what you need to do if your student loan servicer is shutting down and how you can prepare for the transition. Also, consider your alternative debt repayment options, such as student loan refinancing. If you decide to refinance your student loans, visit Credible toco...
The best option to stop wage garnishment is to talk directly with the company that services your student loan. Try to do this as quickly as possible; the sooner you talk to your student loan servicing company, the more options you’ll have. While you can contact your loan servicer by ema...
The federal student loan repayment pause has ended as well as the on-ramp period. Here are some things to know about this.
balances completely wiped outthrough President Joe Biden’s forgiveness plan before the end of the year. But instead, they now face the return of monthly payments as thepause on federal student loan payments— which has been ongoing for nearly three years — is slated to expire on Jan. 1, ...
Your loan servicer or lender will process your application, let you know if more information is needed, and tell you whether or not you qualify. It’s important to continue making timely payments on your loans while you await a decision. Failure to do so could ultimately result in loan def...