Should You Make Payments During Coronavirus Student Loan Deferment?

As Americans grappled with the financial consequences of the pandemic in March of this year, the federal government took several actions to help cash-strapped consumers. For starters, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act in late March of 2020, which included a temporary suspension of payments and interest for government-owned student

The post Should You Make Payments During Coronavirus Student Loan Deferment? appeared first on Good Financial Cents®.

Stimulus Acts and Student Loans: What You Need to Know about CARES, HEROES, and HEALS

As of February 2020, student loan debt in the United States reached a record total of $1.6 trillion. Many people are struggling to pay student loans and taking part in various deferment and other assistance programs. As COVID-19 and related shutdowns caused economic issues across the nation, the federal government passed the CARES Act, which… Read More

The post Stimulus Acts and Student Loans: What You Need to Know about CARES, HEROES, and HEALS appeared first on Credit.com.

What Is a Parent PLUS Loan?

Paying for college is a challenge, and rising tuition costs certainly don’t help. According to College Board, the average cost of a four-year private college has increased by more than $3,000 over the last five years. Scholarships, grants and work-study … Continue reading →

The post What Is a Parent PLUS Loan? appeared first on SmartAsset Blog.

How to Get Debt Consolidation Loans When You Have Bad Credit

Debt consolidation is one of the most effective ways to effectively manage debt. It can greatly improve your debt-to-income ratio and help you get back on your feet. You will have more money in your pocket and less debt to worry about, and while your options are a little more limited if you have bad

How to Get Debt Consolidation Loans When You Have Bad Credit is a post from Pocket Your Dollars.

Student Loans vs. Financial Aid

As of early 2020, student loan debt in the nation had reached more than $1.5 trillion. More than 44 million individuals have student loan debt, and the average person with student loans owes a bit over $32,000—which is more than half of the average household income in the United States. As a new school year… Read More

The post Student Loans vs. Financial Aid appeared first on Credit.com.

My Parents Can’t Afford College Anymore – What Should I Do?

When most parents offer to fund their child’s tuition, it’s with the expectation that their financial circumstances will remain relatively unchanged. Even with minor dips in income or temporary periods of unemployment, a solid plan will likely see the child…

Full Story

The post My Parents Can’t Afford College Anymore – What Should I Do? appeared first on MintLife Blog.