April 29, 2024
Mortgage

My dad wants to take out a mortgage and has tried, unsuccessfully, to have Sallie Mae release him as cosigner on my $153,000 student loan. What can we do?

I thought it was a federal loan because I believe they did both types of loans. I started paying back the $153,000 interest-only loan in September 2022, while my dad paid towards the principal and the balance increased. They removed the interest-only repayments after several calls were made regarding the balance not being reduced.  My

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Loans

Why 2024 could be the year student loan borrowers get forgiveness

U.S. President Joe Biden speaks on the student debt relief plan as Secretary of Education Miguel Cardona (R) listens in the South Court Auditorium at the Eisenhower Executive Office Building on October 17, 2022 in Washington, DC. Alex Wong | Getty Images Nearly 40 million Americans would have gotten relief from Biden’s original student loan forgiveness plan.

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Loans

Applicants warned of delays at federal student loan application site

WASHINGTON (WCSC) – The U.S. Department of Education said Monday that families applying for financial aid for college may experience “pauses” on the site now that the application process has opened. In a post on X, formerly Twitter, Federal Student Aid, a Department of Education office that provides grants, loans and work-study funds for college,

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Loans

Student debt fight ends year on disappointing note

Student loan borrowers began 2023 with money and hope. The year will end with resumed monthly payments and only limited debt relief. At the start of the year, student loans remained in their pandemic pause, as President Biden’s debt relief plan headed to the Supreme Court. But the administration decided that once the Supreme Court

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Loans

Student Loan Forgiveness ‘Buyback’ Option Provides New Path To Relief

Washington, DC, on December 19, 2023. The Biden administration recently launched a new buyback option for student loan forgiveness under the PSLF program. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images) AFP via Getty Images The Education Department rolled out a new pathway to student loan forgiveness for public service

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