Democratic 2020 presidential candidate Mike Bloomberg recently released his new plan for federal student loans. His proposal would significantly increase federal spending on higher education in order to subsidize higher education for lower-income families. The 10-year, $700 billion plan proposes to eliminate tuition and debt…
Paying off student loans can get very overwhelming and burdensome. So, what happens when you don’t pay off your student loans? The size and frequency of the payments can be a challenging task to juggle, especially during the earlier years of your career when your…
Before looking into private student loan services, make sure you have exhausted all federal loan options. Remember to always compare offers from multiple private lenders to find the lowest interest rate. When used, private student loans can help you make ends meet whilst pursuing your…
Tired of managing multiple federal student loan payments? If so, maybe it’s time to consider loan consolidation. Consolidation Loans combine multiple federal student loans into one big loan with a fixed interest rate. The interest rate will be the average of the interest rates of…
Hope is not lost for parents with bad credit or even no credit. There are several alternatives parents can take to help their students pay for college. Start with federal student loans. Unsubsidized and subsidized federal loans, the two main types of student loans,…
Eager to pay off your student loans but don’t know where to begin? Whether you’ve just graduated college, or you’ve been trying to tackle this hurdle for over a decade, here are some possible game plans to pay off your lingering student loans. Refinance your…
At Credit Abuse Resistance Education (CARE), we are committed to helping students like you get the knowledge you need to make smart financial decisions. We believe learning financial management skills will help you reach your personal and professional goals. With the number of students dependent…
Certain strategies such as paying more than the minimum payment, paying higher-interest loans down first, and getting student loan repayment assistance from your employer may help you pay off your student loans fast. Part of providing for yourself after graduation may repaying student loans, which…
You may already know TransUnion, Experian and Equifax are the three national credit bureaus. Simple enough. But knowing more about what they do, what they don’t do and what you can do makes it easier to navigate the credit reporting system—which can save you time,…
Dealing with debt can be difficult. Here are 5 steps you can take to make things easier. For many, debt is a four-letter word and is accompanied by feelings of dread, denial, even despair. Especially if you have a lot of debt, gaining the…
