The Biden administration recently announced a move to cancel an additional $7.4 billion in student loan debt, providing much-needed relief for nearly 277,000 borrowers. President Biden’s focus on addressing student loan debt has been a priority, with various initiatives aimed at offering relief to specific groups of borrowers. Despite legal challenges from Republican-led states, the
The average long-term mortgage rate has risen once again this week, with the average 30-year fixed loan now at 7.08 per cent, according to Bankrate’s latest survey of large lenders. Another mortgage buyer, Freddie Mac, said the average rate on a 30-year mortgage rose to 6.88 per cent from 6.82 per cent last week. In
As the Biden administration sets its sights on revamping student loan relief in the wake of the Supreme Court’s ruling, anticipation builds around the details of this new plan. The Rock is “not happy with America now” and regrets his Biden endorsement in past elections Here’s what we know so far and who stands to
The Student Loan Forgiveness program has been placed into effect for only a fraction of all the borrowers President Joe Biden initially intended to help out. Courts from all over the country were quick to appeal to this attempt due to pressure from most of the major universities in the country. But the ones who
With the burden of education debt weighing heavily on many individuals, it’s no surprise that numerous student loan forgiveness scams have emerged, targeting borrowers seeking relief. Despite efforts by the Federal Trade Commission (FTC) to combat such scams, new fraudulent entities continue to surface each year. This issue has become even more pressing with President
The Public Service Loan Forgiveness (PSLF) program has been a beacon of hope for many Americans burdened by student loan debt. Established in 2007, the PSLF program aims to provide relief to individuals working in qualifying public service jobs by forgiving their remaining federal student loan balance after 120 qualifying monthly payments. What are the
Income-driven repayment (IDR) plans provide relief for federal student loan borrowers by capping monthly payments based on income and family size. These plans offer a path towards loan forgiveness after 20 or 25 years of repayment, depending on the specific IDR plan in place. The recent adjustments announced by the Department of Education (ED) aim
President Joe Biden‘s efforts to provide widespread federal student loan debt forgiveness have faced significant opposition from lawmakers and legal authorities. Despite this, his administration remains committed to exploring various options for providing relief to borrowers. In a recent announcement, the administration revealed plans to eliminate approximately $1.2 billion in debt for over 150,000 borrowers
Property taxes are a significant component of homeownership expenses, impacting budgets across the nation. Understanding the deadlines for property tax payments is essential for homeowners to avoid penalties and maintain compliance with local tax regulations. Property taxes, levied by local governments, serve as a vital source of revenue, funding essential services such as education, public
If you’re a teacher with federal student loans, navigating the various loan forgiveness programs can be overwhelming. However, understanding the requirements and eligibility criteria can help you make informed decisions about which programs may be suitable for you. Among the options available are Public Service Loan Forgiveness, Teacher Loan Forgiveness, Perkins Loan cancellation for teachers,