Fund Your Future
The three-year pause on federal student loan interest and payments is coming to an end. Interest began accruing on September 1, 2023, and payments are set to resume in October. In order to ease federal student loan borrowers back into making payments, the U.S. Department of Education has introduced measures [...]
Wednesday, November 8, 2023 With changes coming to the 2024-25 FAFSA under the FAFSA Simplification Act, our College Counselor will outline everything you need to know! Join us to learn more about:Roadmap to the simplified FAFSAImportant deadlinesFSA ID for students and parentsHow to complete the [...]
Most federal student loan payments and interest have been suspended since March 2020. After numerous extensions and introduction of a federal student loan forgiveness that was blocked by the Supreme Court as of June 30, 2023, student loan interest resumes on September 1, 2023, and payments will resume starting in [...]
When delving into the world of private student loans, you may discover that many lenders mention a “co-borrower.” A co-borrower is someone who applies for the loan with you and is equally responsible for ensuring it is repaid. A private student loan will be held in your name as the [...]
If you have federal student loans, you’ve likely been closely following the news surrounding them for the past few years. Payments and interest on most federal student loans have been paused since March 2020 at the start of the COVID-19 pandemic. Additionally, the Biden-Harris administration proposed a one-time student loan [...]
As a parent, you may be eager to help your child pursue their college education. Taking out a federal Parent PLUS loan is one way to ensure their college costs are covered. These loans can be taken out for the total cost of your child’s tuition, minus any additional financial [...]
When it comes to your personal financial roadmap, do you know how much you’re making each month and how much you owe? Your income relative to debt owed—also known as a debt-to-income ratio (DTI)—is an essential metric a lender will use to judge your ability to manage your finances and, [...]
As tuition costs increase, college is becoming more expensive. Fortunately, there are many financing options available to students and their families. Direct PLUS loans (commonly called simply PLUS loans) are one example—these federal student loans can cover the full cost of college attendance, minus any financial aid you have received. [...]
If you’ve ever applied for financing or opened a savings account, you’ve probably seen the terms Annual Percentage Rate (APR) and Annual Percentage Yield (APY). So, what do they mean? And how do they differ from one another? Put simply, APR communicates the cost of borrowing money, while APY expresses [...]
If you’ve exhausted scholarships, grants, and Federal Direct Loans to cover college costs and are still left with funding gaps, you might be considering Federal Direct PLUS or private student loans. There are some key differences between the two loan types that are important to understand. What to Know About [...]
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