Student Loans
Borrowers pursuing student loan forgiveness based on their public service work have been on edge all year. And while there’s been a bit of good news during the last month, there also is an enormous amount of uncertainty. The Public Service Loan Forgiveness (PSLF) program might be the most popular...
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Published on: 2025-06-18
Source:
Student Loan Planner
Do you like living by a budget? Some people associate budgeting with being poor or feeling restricted, but that’s far from the way I see it. Living by a budget is for everyone, no matter your means. Budgeting allows you to be in control of your money (whatever amount that...
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Published on: 2025-06-18
Source:
Six Figures Under
Disabilities are something we tend to associate with old age. Young adults might joke about their older friends waking up with back pain — without realizing that it could be them sooner than they think. (Speaking from experience, the memes about getting back pain when you turn 30 are true.)...
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Published on: 2025-06-12
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Student Loan Planner
This week, the Senate Republicans on the Committee on Health, Education, Labor, and Pensions (HELP) released a draft reconciliation bill that, if enacted, will have substantial impacts for millions of current and future federal student loan borrowers. The bill would implement significant reforms across the federal student loan system, including...
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Published on: 2025-06-12
Source:
Student Loan Planner
One Group of Borrowers Gets Relief, But Others Still at Risk: The Latest on Student Loan Collections
Lender and Bonus disclosure THIS IS AN ADVERTISEMENT. YOU ARE NOT REQUIRED TO MAKE ANY PAYMENT OR TAKE ANY OTHER ACTION IN RESPONSE TO THIS OFFER. Earnest: $1,000 for $100K or more, $200 for $50K to $99.999.99. For Earnest, if you refinance $100,000 or more through this site, $500 of the...
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Published on: 2025-06-05
Source:
Student Loan Planner
Key Takeaways: Over 70 million adults in the United States are living with a disability. An estimated 25% of today’s 20-year-olds will become disabled before retirement age. At least 51 million working adults don’t have disability insurance coverage beyond basic Social Security disability. An estimated 65% of the private sector...
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Published on: 2025-05-31
Source:
Student Loan Planner
Could President Trump's victory in the 2024 election mean the end of the Public Service Loan Forgiveness (PSLF) program? Republicans in Congress have already telegraphed their plans for PSLF when they had unified GOP control of Congress and the White House in 2017 (they attempted to repeal it). Will 2024...
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Published on: 2025-05-27
Source:
Student Loan Planner
Lender and Bonus disclosure THIS IS AN ADVERTISEMENT. YOU ARE NOT REQUIRED TO MAKE ANY PAYMENT OR TAKE ANY OTHER ACTION IN RESPONSE TO THIS OFFER. Earnest: $1,000 for $100K or more, $200 for $50K to $99.999.99. For Earnest, if you refinance $100,000 or more through this site, $500 of the...
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Published on: 2025-05-27
Source:
Student Loan Planner
Lender and Bonus disclosure THIS IS AN ADVERTISEMENT. YOU ARE NOT REQUIRED TO MAKE ANY PAYMENT OR TAKE ANY OTHER ACTION IN RESPONSE TO THIS OFFER. Earnest: $1,000 for $100K or more, $200 for $50K to $99.999.99. For Earnest, if you refinance $100,000 or more through this site, $500 of the...
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Published on: 2025-05-27
Source:
Student Loan Planner
It takes a special person to devote their career to serving others, especially considering most nonprofit and government jobs offer a fraction of the salary you might find in the private sector. Fortunately, the Public Service Loan Forgiveness (PSLF) program can provide debt relief for federal student loan borrowers after...
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Published on: 2025-05-27
Source:
Student Loan Planner
The House GOP recently proposed capping federal student loans at the following levels: Undergrad: $50,000 Parent PLUS: $50,000 Grad School: $100,000 Professional School: $150,000 It’s highly likely that we will see a bill become law that reforms student loans this Congress. The Trump tax cuts are expiring at the end...
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Published on: 2025-05-22
Source:
Student Loan Planner
Hundreds of thousands of federal student loan borrowers remain stuck in limbo due to a massive backlog in the income-driven repayment (IDR) system. And while borrowers got some marginally good news last week, the situation remains largely unchanged. For several months, millions of borrowers have been unable to access affordable...
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Published on: 2025-05-21
Source:
Student Loan Planner
The Biden administration’s Saving on a Valuable Education (SAVE) plan was supposed to make federal student loan consolidation a no-brainer. Under the new rule, you’d get credit based on the weighted average of payment counts across all loans you included in the consolidation. Due to court rulings, this weighted average...
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Published on: 2025-05-15
Source:
Student Loan Planner
At the end of the month, I love reviewing our budget and planning our finances for the next month. When we look at our budget at the end of the month, we aren’t checking to see if we our spending matched up exactly with the amount we set for our...
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Published on: 2025-05-13
Source:
Six Figures Under
We recently returned from a 6-night cruise with our family of 8. We’ve been planning and saving for this trip for about 18 months. We’ve never taken a trip like this before, so we were super excited! As always, I’m reporting back to share all of our spending with you....
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Published on: 2025-04-28
Source:
Six Figures Under
The post Student Loan Updates for April 2025 appeared first on Student Loan Professor. ...
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Published on: 2025-04-10
Source:
Student Loan Professor
The post Navy Federal Credit Union: Private Student Loans & Refinance Options appeared first on Student Loan Professor. ...
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Published on: 2025-04-10
Source:
Student Loan Professor
It’s budget update time! I always look forward to going through our budget at the end of the month and planning our budget for the next month. When we look at our budget at the end of the month, we aren’t looking to see if we matched our spending up...
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Published on: 2025-04-07
Source:
Six Figures Under
Every family has certain expenses they are focusing on lowering. Once you’ve lowered your bills, reduced your grocery spending, and cut out superfluous spending, you can look more closely at even more specific expenses. I don’t know about your family, but our family seems to go through a lot of...
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Published on: 2025-04-01
Source:
Six Figures Under
The US Internal Revenue Service (IRS) lets college graduates or their parents deduct student loan interest payments from their taxable income. These individuals can claim student loan interest deductions of up to $2,500 annually, whether the interest was required or paid ahead of schedule. However, this tax deduction isn’t available...
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Published on: 2025-03-31
Source:
Student Loan Professor
The Student Loan Interest Deduction was introduced in 1997 as part of the Taxpayers Relief Act. This program aimed to ease the financial burden of student debt. While so much has happened in the student loan sector since then, this tax benefit has helped millions of borrowers reduce their taxable...
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Published on: 2025-03-31
Source:
Student Loan Professor