Key Points There are renewed calls to end Federal ownership of student loans and revert to a private/commercial student loan lending model. Privatizing federal student loans may cut federal losses,…
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Key Points Borrowers are currently unable to re-certify their income for existing repayment plans, causing payments to spike to Standard 10-Year Repayment Plan amounts. Forbearance may be available, but it…
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Key Points The Department of Education has halted all income-driven repayment (IDR) plan applications, including online and paper submissions, following a court order. Borrowers who missed their IDR recertification deadline…
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Key Points A recent court ruling signals the likely end of the SAVE repayment plan, but legal proceedings are not yet finalized. The Trump administration may keep the plan technically…
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There have been 20 “funding gaps” and 4 full government shutdowns in the last 50 years. The last shutdown happened in December 2018 and January 2019. But the threat of…
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While many types of student loan forgiveness are tax-free federally, several states may levy taxes on student loan forgiveness. Even though some popular programs like Public Service Loan Forgiveness (PSLF)…
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Student loan repayment plans created by Congress are harder to change than those created by the Department of Education. Trump administration policies could easily target plans developed through administrative rulemaking.…
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Panacea Financial is a financial services company offering medical student loan refinancing options. If you’ve made it through medical school, there’s a good chance you’ve relied on some amount of…
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Home » Student Loan Refinance » Which Debts Should You Pay Off First — Credit Cards or Student Loans? Having more than one type of debt is common, and that’s…
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Biden says he helped get student debt forgiven for 5 million borrowers. Now it’s Trump’s turn to deal with the crisis.
The Biden White House took big swings at student-loan relief, but its efforts were complicated by opposition.
