Posts Tagged ‘Student Loans’
FAFSA for 2023-2024 School Year Opens on October 1
October is the kickoff month for financial aid. That’s when incoming and returning college students can start filing the Free Application for Federal Student Aid (FAFSA) for the next academic year. The FAFSA is a prerequisite for federal student loans, grants, and work-study, and may be required by colleges before they distribute their own institutional…
Read MoreNew Developments for Student Loan Forgiveness
As you may have heard in the news, there are new developments for student loan forgiveness. This is a fast-moving program change and we do not have final guidelines on the implementation of the program. Nonetheless, we wanted to get you the information we have so far, and subscribe below to receive updates as we…
Read MoreFederal Student Loan Interest Rates Set to Increase for 2021-2022
After two years of decreases, interest rates on federal student loans are set to increase almost a full percentage point for the 2021-2022 school year.1 The interest rates on federal student loans are reset each year after the May auction of the 10-year Treasury note. The rates apply to new federal student loans issued on…
Read MoreThe FAFSA and Your Income
Your income from two years prior is what counts on the FAFSA. For example, the 2021-2022 FAFSA will rely on income information in your 2019 tax return. FAFSA for 2021-2022 Academic Year Opens on October 1. The FAFSA (Free Application for Federal Student Aid) for the 2021-2022 year opens on October 1, 2020. The…
Read MoreStudent Loan Relief Extended Through End of Year
In March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provided a six-month automatic payment suspension on federal student loans through September 30, 2020. In August, the president signed a memorandum to extend federal student loan relief through December 31, 2020. What does this mean for student loan borrowers? All…
Read MoreAll About Credit Scores
It’s difficult to imagine functioning in today’s world without credit. Whether buying a car or purchasing a home, credit has become an integral part of our everyday lives. Having easy access to credit goes hand in hand with having a good credit score, so it’s important to know how to maintain a positive credit score…
Read More