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In June 2014, President Obama issued a Presidential Memorandum directing the Department of Education to propose regulations to further ease the burden of student loan debt.On Oct. 27, 2015, the Department of Education issued a final regulation establishing a new income-driven repayment plan, the Revised Pay As You Earn (REPAYE) Plan.

President Barack Obama made a startling revelation about his finances while trying to connect with younger voters on the campaign trail by saying that he and Michelle had only paid off their college loans eight years ago. While talking about the rising cost of college education, Mr. Obama said that it took he and the […]

“Let’s tell another one million students that when they graduate, they will be required to pay only 10 percent of their income on student loans, and all of their debt will be forgiven after 20 years –- and forgiven after 10 years if they choose a career in public service, because in the United States […]

WASHINGTON — More than 33 million workers qualify to have their student loans forgiven because they work in schools, hospitals or city halls, but too few take advantage of the options because the programs are overly complicated and often confusing, the government’s consumer advocate said Wednesday.

WASHINGTON — More than 33 million workers qualify to have their student loans forgiven because they work in schools, hospitals or city halls, but too few take advantage of the options because the programs are overly complicated and often confusing, the government’s consumer advocate said Wednesday.

The Pay As You Earn plan is undergoing some changes that will be a help to the borrowers that have fell upon hard times and are below the poverty level. Based off the adjusted gross income, the new plan will cap at 10 percent which is believed to be within poverty guidelines. In the early […]

We’ve reached the end of another school year, which is always a great time for any student to look ahead. One topic perfect for this is student loans, especially if you’re not returning to school in the fall. Federal student loan borrowers receive a grace period before their first payments are due. Yet, when that […]

It is imperative to be wise with money whether you are someone on a tight budget or not. A lot of people get really stressed out about money handling because they don’t know how to manage them properly. It can get really stressful to the point that you can make bad choices along with that […]

As early as being a student, you should already practice handling different kinds of responsibilities. Your school years are definitely your preparation to the real world. It is always better to equip yourself with a lot of academic and life, wisdom so that when adult duties come knocking at your door, you are well prepared

Students look ahead to graduation, but many also dread to come to the end of their last semester knowing that a student loan is waiting to be repaid. Although a grace period of six to nine months will be granted before they have to start repaying student loans, it will still be a big burden

It’s every American’s dream to buy a house where he could establish his own family and nurture his own kids. But with the threat of student loan repayments to compensate your four-year degree, the cost may even boil down to saying goodbye to his hopes of a modest home. The ability to achieve things and

Along with gaining a new degree, many graduates will also leave campus with student loan payments in their pockets. The burden does not stop here, as they still need to fit debt repayments to their post-graduate budget. Consolidating your federal student loans is one of the best way to benefit from the student loan forgiveness

For underprivileged students to be able to enroll in a university, trade school, or any other higher form of education, academic institutions offer student loans as a form of financial assistance. In general, student loans are to provide students and families with resources to make it possible for them to go to school. Yet instead

Fortunately, student loans forgiveness for nurses are still very much available in almost all areas of the United States. These are still available because of numerous financial programs that are being run through State and Federal organizations. Federal loan repayment programs are available, as well as state loan forgiveness programs. These are variable offerings. Some

Formulated by the Higher Education Amendments, the Teacher Loan Forgiveness program is an advantageous feat as teachers are eligible for principal reduction of $5,000 to $17,500 on their loans and full forgiveness after a 10 year term. It amended the Higher Education Act of 1965, which originally makes teachers obligated to pay the full amount

Employees can get fired from their jobs for justifiable reasons such as insubordination, misconduct, and poor performance. But did you know that even defaulting on your student loan can get you fired? In a recent report by Bloomberg, as much as 22 states have laws that allow authorities to revoke an individual’s professional license if

Student loans play a large role in US higher education. A report by Forbes shows that about 70% of all students borrow student loans throughout their college lives, and that the average debt owed come graduation time is at an astonishing $29,400. The ever-increasing cost of a college diploma has brought with it a corresponding

Student loans are a constant source of distress to college students in the US. The White House estimates that over 70% of students earning a bachelor’s degree graduate with debt averaging at around $28,400. And not all of these debts are expected to be paid back. In fact, in the first quarter of 2015 alone,

Student loans play a very large role in US higher education, with almost all students borrowing funds to pay for the increasing costs of a college degree. As loans make it easier for individuals to increase their knowledge in universities, society benefits by gaining an educated populace. These student loans, however, are not always a

President Obama recently noted that higher education has been a luxurious investment in the US. It has become expensive that students who desire to have a better future are often constrained not to finish a degree while paying off the student loan incurred in the hopes of graduating college. With this in mind, the president