Latest in Finance and Education
Student Loan Collections Are Resuming
Collection activities on federal student loans in default will resume next month after being paused since the pandemic. Over 4 million borrowers are affected, with collection activities like wage garnishment and tax offsets. This does not impact borrowers in repayment or those enrolled in the SAVE plan.
Married Borrowers Relieved After ED Clarification
The U.S. Department of Education provides relief after clarifying how spousal income is considered for income-driven repayment plans. This update offers relief to married borrowers who had been strategically filing separately to manage their student loan payments.
College Costs - Sticker Price vs. Actual Tuition
Planning for college is a big step, and understanding costs is key to making smart financial decisions. College costs seem unbelievable at first, but breaking them down makes it easier to plan. The term "sticker price," is the full advertised cost of attending a school. By understanding the difference between sticker price and actual tuition, you can predict the out-of-pocket costs for college and make informed choices.
It's May 1st - Why College Decision Day Matters
Aspiring college students all over the United States are anxiously preparing to make a significant decision on May 1st – National College Decision Day or College Signing Day. That is the deadline for high school seniors to confirm their attendance at a college or university and demonstrate their commitment with an enrollment deposit (for some schools) for the upcoming 2025-2026 academic year.
Learn MoreIn Case You Missed It
What Happens to Student Loans if the U.S. Department of Education is Eliminated?
Can My College Rescind My Financial Aid?
Trump Administration Working to Limit PSLF Eligibility
Managing Student Loan Debt During Economic Uncertainty
Protecting 529 Plans During Market Downturns