Show/Hide Menu

Covid-19 Stimulus Package: Perkins Loans

What is a Perkins Loan? A Perkins loan is money given by your school. It is considered a Federal student loan because the money was given to the school by the US Education Department (USED). The school lends the money, owns the loan, may hire a servicer to collect when the loan is in good standing . . .
Read More

Covid-19 Stimulus Package: Direct Loans

What is a Direct Loan? A Direct Loan means the money was borrowed Directly from the US Education Department (USED). No middleman. The loan will always be held by USED. When in good standing, a servicer helps USED collect by sending bills and offer affordable payment plans and/or forbearance and . . .
Read More

Covid-19 Stimulus Package Help Based on Student Loan Type

The stimulus package has lots of facets, including student loan protections. The question you might be asking is, “How will it help me, the student loan borrower?” The real question should be DOES it help you, the student loan borrower. Because guess what, the stimulus does not help all student loan . . .
Read More

Covid-19 Update Video

If you'd like to read some specifics discussed in this video, please check out the blog for those with loans in good standing or the blog regarding defaulted loans. . . .
Read More

Covid-19 and Student Loans

Let's get right to the point. We're all at a place of flux, as are our finances. The main question, what do to with student loans now that there are things being suggested, ordered, and such. Let's clear the clutter and state exactly what is going on as of today - March 23, 2020. Federal Loans . . .
Read More

Don’t turn your Federal Loans Private!

Today's video talks about the pros and cons of refinancing a Federal Student Loan with a Private lender. https://youtu.be/MNWXgZcushk . . .
Read More

Introduction to Income Repayment Plans

Quick overview of Federal Loan repayment plans based on income: IDR, IBR, ICR, PAYE, New IBR, and REPAYE. Plus, I sing! . . .
Read More

Student Loans and Credit Reports

With all the recent press about credit reporting company Equifax's major data breach, now's a good time to discuss the intersection of student loans and credit reports. It's not uncommon to have questions about how student loans affect credit, so lets sort the myths from the facts. What Shows on a . . .
Read More

PSLF Application and the Big Bug

It's here! Finally! The long awaited application for Public Service Loan Forgiveness (PSLF). True to Dept. of Ed fashion, it has one big bug in it. The kind that you don't want to step on because you know it'll be messy. But first, lets discuss what PSLF is, and then we can look at the form. What . . .
Read More

Post-Election Chopping Block

Regardless of your emotional response to the election results, the question on your mind now is, "Now what?". Will student loan programs be axed? Will some be saved? The door is wide open to possibilities, but lets start with what the new President can and can't do. There are issues that are within . . .
Read More