Do you have student loans? If so, it’s in the best interest to know if they are included in dti. The Department of Treasury (Dot) requires that you repay your Stafford and PLUS loan balances before you get any forgiveness. The thing is though, government-owned FFEL program loans may not be included with direct loans.…
Waiting for your student loan to disburse? You and 13 million others! Your student loan will cover full or partial tuition costs, and you will be given a remainder, if there is one, to your bank account. While you are waiting, you may still be responsible for other associated school costs such as living expenses, textbooks and…
Student loans are considered income, but they’re only counted as such if you’re repaying them. If you have a student loan, it’s possible that the amount of money you owe is already included in your taxable income because your lender reports that information to the IRS. If you’re repaying a loan, then the amount of…
Student loans are great for providing a lot of financial help to students looking to obtain higher education, but you may be baffled by all the rules and regulations that come with these loans. One of the things you should know about them is whether their interest is compounded monthly. If you do not specifically…
Are student loans forgiven after 25 years? Student loans accounts for the largest consumer debts in America, and federal student loan debts have been rising every year. It’s very difficult to repay your student loan debt especially if you are not even earning money from your degree. Borrowers who have successfully made 20 or 25…
Are private student loans deferred? Deferment is one of the ways to lower monthly payments. Private student loan deferment is the same as federal student loan deferment, which means that the interest stops accruing on your loans. Interest won’t accrue for any federal direct loan during repayment for a period of 12 months. For PLUS…
Many students have their hopes set on a small group of top schools — the Common App flags over 40 schools as dream schools, many perfect for the future hedge fund manager or tech startup founder. Private student loans are a great way to get into these schools, but there is one big drawback —…
Student loan debt is a growing concern for many college graduates, with nearly half of them struggling to repay their loans. For some, the burden becomes so overwhelming that they turn to their parents for help. While it may be a difficult decision to ask for financial assistance from parents, it is a reality that…
Student loan forgiveness, also known as student loan cancellation, is a form of public service loan forgiveness for parents. If your employer qualifies for Federal loan forgiveness, you must make 120 monthly payments on those loans through an income-driven repayment plan. Parent student loans are eligible for income-driven repayment plans and if you qualify, may…
You may qualify for federal student loan forgiveness after 20 years of income-driven payments. Many people who work in public service jobs can apply for this program, which pays back the principal of your loans plus interest after 12 consecutive payments have been made. Federal student loans can be forgiven after 20 years of on-time…