If you’re paying off student loans, you may be able to get a tax break on the interest. The student loan interest deduction lets many borrowers reduce their taxable income by up to $2,500 a year. This deduction isn’t just for federal loans—intere…
Category: Student Loan Debt
Paying for college can be difficult if you have bad credit or limited credit history. You may not qualify for some types of loans, or you could face higher interest rates. But credit challenges don’t automatically prevent you from continuing your…
If a student can’t qualify for a private loan on their own, a parent or relative may be asked to cosign. This means agreeing to take full financial responsibility if the borrower doesn’t pay. It’s a generous act—but one that comes with serious risks.&#…
Perhaps you have a large student loan balance and find it challenging to keep up with payments. Those with private student loans may have it even tougher, as they lack access to income-based repayment plans. For those borrowers, there are no easy paths…
Struggling with private student loan payments can feel overwhelming—especially when you’re doing everything you can and it’s still not enough. Maybe you’ve heard about the possibility of settling your loan for less than what you owe, but you’re u…
After a five-year pause, the U.S. Department of Education is resuming collections on federal student loans that are in default. Starting May 5, 2025, borrowers who haven’t made a payment in over 270 days may once again be subject to collection efforts …
Managing student loans can be overwhelming, especially when juggling multiple payments across various lenders. For many borrowers, private student loan consolidation offers a practical solution to streamline repayment, reduce interest costs, and gain f…
Student debt can stick with you for decades. If you want to earn your degree without taking on too much debt, scholarships are a great resource. There are tons of scholarships out there. But it can be hard to find the right ones. Luckily, many resource…
Student loan forgiveness has always been a moving target, and 2025 is no exception. Policies often change. Repayment plans are updated. Eligibility rules also shift. Because of this, borrowers now face a different situation. Some programs have grown. O…
Are you drowning in debt? If so, you probably wish your debts would simply disappear. You might even want fate to give you a giant “do-over.” The good news is that debt cancellation is possible in some situations. Here’s a closer look at how debt cance…