Automatic Payments Work for Student Loans: It Can Save You A Lot of Money

by Ross Hornish | Oct 4, 2020 | Student Loans

Almost every financial institution offers some web bill-pay option or another method for automating your payments. Automatic payments could be an excellent option for those who would like to stay on top of their finances and never miss a bill. Automating your student...

FAFSA Opens for College Students This Coming School Year

by Abby Smith | Oct 1, 2020 | Student Loans

What is FAFSA and why should you apply? Today is a very special day for college students across the U.S. because today, October 1st, is the day that the Free Application for Federal Student Aid (FAFSA) opens for students planning to attend college in 2021. There are...

Where do people with student loan debt go? Apparently, South.

by Abby Smith | Aug 24, 2020 | Student Loans

Warning, if you have student loan debt and live in one of the 5 cities listed below, the following information may be triggering (just saying). LendingTree, a marketplace for student loans, gathered data from over 8 million users to determine the top U.S. cities where...

Biden and Bernie Address Student Loan Debt in Joint Proposal

by Abby Smith | Jul 29, 2020 | Student Loans

Last month, Former Vice President Joe Biden teamed up with Sen. Bernie Sanders (I-VT)  and released the “Biden-Sanders Unity Task Force Recommendations”, a set of policy proposals that cover a variety of issues, including the environment, Medicare, immigration, and of...

60+ Organizations Join Ranks to Demand Student Debt Cancellation

by Abby Smith | Jun 23, 2020 | Student Loans

66 organizations, including the NAACP, American Federation of Teachers, and National Women’s Law Center joined forces to write a letter imploring Congress to cancel student loan debt in the next stimulus package [1]. The letter applauds lawmakers for swiftly passing...

HEROES Bill: What You Need to Know for Student Loans

by Abby Smith | Jun 1, 2020 | Student Loans

If you haven’t been keeping up with the news, the House passed the Health and Economic Recovery Omnibus Emergency Solutions Act HEROES (Act) the Friday before last that will cancel up to $10,000 in student loans for all student loan borrowers and suspend all student...

When is the Best Time to Refinance Your Student Loans? It’s Probably Right now. Here’s What You Need to Know.

by Ross Hornish | Apr 24, 2020 | Finance

A no-interest student loan is equivalent to winning a lottery but it is not free money. It entails paying the actual amount that was borrowed during the time of refund, unlike traditional student loans that are accompanied by their respective interest rates which...

2020 U.S. Stimulus + Student Loans = What CARES Act Means for Student Loans

by Ross Hornish | Apr 13, 2020 | Uncategorized

0% FED interest rate. 0% Federal student loan interest rate. These are truly amazing times. However, 0% interest does not mean 0% action. There was a shock on Sunday, 15th of March 2020 as the Federal Reserve made a proclamation that it would reduce interest rates to...

Is Right Now the Time to Refinance Those Student Loans?

by Ross Hornish | Mar 20, 2020 | Student Loans

America has a real debt problem. With the national student loan debt now sitting somewhere around $1.6 trillion, it’s very clear that you need to seize any opportunity you can to diminish your contribution to the statistic.  Low-interest rates make the present an...

2019 U.S. Student Loan Debt Statistics | BYE Student Loan Debt

by Ross Hornish | Oct 21, 2019 | Student Loans

2019 U.S. Student Loan Debt Statistics Student Loan Statistics: Overview Total Student Loan Debt: $1.56 trillion Total U.S. Borrowers With Student Loan Debt: 44.7 million Student Loan Delinquency Or Default Rate: 11.4% (90+ days delinquent) Direct Loans –...