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Student Debt

#AskanExpert: Can a Student Loan from 1990 be Forgiven?

Q. I have an outstanding student loan from 1990. I have seen information to the effect that the loan can be forgiven after 25 years. Is this true? If so, could I hire you to facilitate it? I can’t get through their phone line. Dear reader,   It’s true that there are federal student loan repayment programs that will forgive any outstanding student loan amount after 20 or 25 years …Read More

#AskanExpert: Do I Qualify for Public Service Loan Forgiveness (PSLF)?

Q. I’m a physician working in critical access hospitals within the Indian Health Service as an independent contractor. Do I qualify for the PSLF? How do I apply for it? Dear Reader,   As an independent contractor you would not qualify for Public Service Loan Forgiveness because you do not satisfy the employment eligibility requirement. To be eligible for the PSLF, you have to be directly employed by a qualifying …Read More

Can You Pay Your Student Loan Bill with a Credit Card?

The cost of higher education has ballooned exponentially in recent years. The days of being able to put yourself through a big university on a part-time or full-time job are mostly gone. Today, financial aid and student loans are almost as much a part of college as attending class. As a result, many students graduate school with a significant amount of student loan debt; in fact, student loan debt is …Read More

#AskanExpert: Where Can Learn More About Borrower Defense?

Q. I graduated from Ashford university in 2010 with the hopes that I could get a better job opportunity. Unfortunately, not many employers recognize this university as legitimate with all of its legal woes. I feel like I was misled by this school and reached out to my state attorney asking for help with student loan forgiveness. Is there any information that’s available to help me?   Dear Reader,   …Read More

#AskanExpert: What Are My Options for Student Loan Repayment?

Q. I was reading about the Navient lawsuit but also received a text in regards to it and wanted to understand this better. I’ve been paying this one loan for what seems like forever and I do pay extra each month. This loan started out at about $30k and now it’s at $50k. In the end, I’ll end up paying over $90k. I was in the military and my recruiter …Read More

Seven Steps to Make Extra Student Loan Payments Count

The moment a student takes out a loan is not often the time they think about how to repay them. But, the reality is the moment you sign on the dotted line, you need to figure out how you are going to pay it back. However, for many borrowers this time has already passed. So, here are seven steps you can take to start making extra payments on your student …Read More

#AskanExpert: What is Borrower Defense to Repay and Who Qualifies?

Q. I attended a school and accrued over $22,000 in student loans. I feel that I was misled to believe I was guaranteed to be able to get a job when I graduated. I’ve heard of the borrower defense to repay rule but what is it and who qualifies for student loan forgiveness?   Dear reader, The plan made popular during the Obama administration is most widely known for being …Read More

The Ups and Downs of Student Credit Cards

For many students, college is the ideal time to try new things and take on new challenges. One important challenge to consider taking on while in college is that of establishing and building your consumer credit profile.   Not only will most people benefit from having a solid credit history when they enter the workforce, but college students are eligible for student credit cards, which can be one of the …Read More

#AskanExpert: How can my physically disabled daughter best receive counseling for her student loan debt?

Q. My daughter owes about $15,000 in student loan debt. She is physically disabled. She works only part-time for a 501c3 organization. How can she best receive counseling for repayment and/or forgiveness on her student loan debt? Dear reader, The best way for your daughter to receive the student loan counseling she needs is to talk to a specialized NFCC- certified credit counselor or to a credit counselor in your …Read More

3 Steps to Take After Graduating From College

An education is a great thing—but just because a student has graduated from college doesn’t mean they’ll make all the right decisions when it comes to personal finance. In fact, according to one survey, most recent college grads reported making a credit-damaging mistake within two years of getting their degree.   The post-graduation world of student loan debt and added responsibility can be a lot for anyone to take in. …Read More