President Obama’s Student Loan Forgiveness Program in 2016

Obama Student Loan Forgiveness Programs

OBAMA ADMINISTRATION MAKING AN EFFORT TO REGULATE STUDENT LOANS Options are now available for private and federal student loans NEW TOOLS HAVE BEEN CREATED FOR FUTURE STUDENTS WHEREAS GREAT PLANS EXIST FOR CURRENT AND FORMER STUDENT LOAN REPAYMENT Obama’s Fabled Student Loan Forgiveness The William D. Ford Direct Loan Program (also known as Obama Forgiveness […]

Public Service Loan Forgiveness Programs- Forgive Federal Direct Student Loans

Public Service Loan Forgiveness Programs- Forgive Federal Direct Student Loans

November 13th. 2015, Public Service Loan Forgiveness Programs Update Qualifying programs constitute government organizations (federal, state, local, or tribal), 501(c)(3) nonprofit organizations, AmeriCorps, and PeaceCorps. Additionally, the borrower must be in a qualifying repayment plan to truly receive forgiveness. Qualifying repayment programs are Pay As You Earn, Income-Based Repayment, and Income-Contingent Repayment. The Public Service […]

Doing the Math on Student Loans

Brent Lindell and Ellie Kay are financial advisers who offer their advice and guidance on tackling student debt. The secret to managing student debt successfully boils down to doing the math before and after it is acquired. It’s becoming more and more common for college grads to stay at home longer and put off marriage […]

Getting the Right Post-Graduation Repayment Strategy: Student Loans Consolidation and Refinance

In order to achieve freedom from debt, it’s important to get the right post-graduation repayment strategy. Sometimes this involves student loans consolidation or refinance. Knowing the pros and cons for each of these repayment strategies and making an educated decision about which route to take can be the difference between successfully managing the payments and […]

Pay Off $42,000 of Student Debt in 6 Months

Tales of individuals who have successfully managed to pay off their student Debt by their 30s are an enigma to most. However, Michelle Schroeder-Gardner is one such person. She has a personal finance and lifestyle blog called Making Sense of Cents, in which she offers advice to her readers from the perspective of a financial analyst. […]

REPAYE Made Simple: Revised Pay As You Earn

Drowning in federal student loan debt? Don’t panic — you’re not doomed to spend the rest of your life slurping Ramen and sleeping in your parents’ basement while barely chipping away at your monthly payments. Thankfully, the U.S. Department of Education (DOE) has finally released the details of its latest income-driven repayment plan, the Revised […]

The Dark Side of For Profit Colleges: Scams

Guaranteed acceptance.  Flexible learning.  A college degree.  These, perhaps, are some of the only promises that for-profit colleges ever keep. Here we present for profit colleges scams. You’ve heard of these bad boys: the Art Institute, ITT Tech, and the University of Phoenix are some of the most notable culprits.  Recently, the Education Management Corporation, […]

Dade Medical College to CLOSE DOORS

The for-profit school Dade Medical College and the University of Southernmost Florida are to CLOSE DOORS, effective immediately. The announcement was made on October 30, 2015, that they were stopping all operations and instruction at their eight locations across the State of Florida. Approximately 2,000 students around Florida were affected.  With the high cost of tuition, many students […]