When you think about all the things getting married impacts, student loans likely aren’t one of the first things you would think of. Believe it or not, for some borrowers marriage can have a big impact on their student loans. In some cases making certain decisions on how you repay your student loans during […]
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Odds are you have heard of SoFi, as they’ve spent millions of dollars on TV and other advertising. SoFi is short for Social Finance, Inc. It was founded in 2011 by four Stanford students with the specific purpose of providing more affordable options for student loans. Since it’s founding SoFi has raised over $2.5B […]
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Federal student loan borrowers were big winners in the $2 trillion COVID stimulus bill: all federal student loans are paused until the end of September, 2020. No interest builds on the loans. The months will count towards student loan forgiveness. So what should you do while your student loans are paused during COVID? I’ve […]
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COVID has been mentally draining for many, myself included. My goal today is to provide some clarity on what is happening to your student loans during COVID. The $2 trillion coronavirus stimulus bill was passed by both the Senate and the House, and signed into law by President Trump. The stimulus bill provided unprecedented […]
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Most people associate student loan forgiveness with Public Service Loan Forgiveness, or PSLF. PSLF provides certain student loan borrowers forgiveness after 120 qualified monthly payments. PSLF is only eligible for those who work for the government or a 501(c)(3) nonprofit, though, so it won’t help everyone. What many fail to realize is that PSLF […]
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Student loan forgiveness for therapists and psychologists is a topic that hits close to home for me. My wife has a masters in counseling psychology and works as a therapist at a nonprofit counseling clinic. A majority of therapists and psychologists, or those who have loved ones who are therapists, likely agree with me […]
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“Cut back on everything as much as possible, and don’t even think about taking a vacation!” This is the advice many personal finance experts will give. You should completely deprive yourself until you are out of debt. They want you to feel ashamed of your debt. In reality feeling ashamed isn’t healthy and can […]
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I went to a private four-year university for undergrad. Some of the people I met throughout my time there were education majors. It’s very common to leave my alma mater with tens of thousands in student loans. It’s also common for teachers to make very little at the beginning of their careers. Not surprisingly […]
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Pursuing Public Service Loan Forgiveness, or PSLF, can make sense for many student loan borrowers who are employed full-time by a nonprofit or the government. In my student loan repayment 101 webinars and presentations I always love highlighting how PSLF can literally mean a $100k+ swing in net worth for certain borrowers. To put […]
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Massive student loan debt has become a huge challenge for graduates and there is no sign of the cost of college slowing down. Many millennials, who either incurred a lot of student loan debt or know someone who did, are now having children. Not surprisingly these parents are concerned about their children potentially incurring […]
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