Student loan forgiveness was a hot topic on the campaign trailâbut is one that is largely plodding along. While President Joe Biden has endorsed $10,000 of federal student loan cancellation, few Republicans support blanket student loan forgiveness. In June, Senate Majority Leader Chuck Schumer again urged Biden to cancel $50,000 in federal student loan debt […]
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Ready to buy your own home? Thereâs a lot to consider, especially if this is your first time applying for a mortgage and youâre carrying debt. Debt is not necessarily a dealbreaker by any means. Is it a good idea to pay off debt or save for a house? Is it possible to do both? […]
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You can buy a car with a credit card in certain circumstances. But it may be smart to ask yourself if this is the best way for you to purchase your vehicle. This post will take you through the pros and cons of buying a car with your card, as well as provide information about […]
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There may be times when you want to transfer money from one bank to another. Maybe youâve opened a high-yield savings account at a new bank and want to set up regular transfers from your existing checking account. Or, perhaps you want to send money to someone else, such as a friend or family member, […]
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For most borrowers of college student loans, the soonest they can refinance is after graduating. If youâre a graduate student with a good job, you might be able to refinance the loans you took out for your undergraduate degree. For others, refinancing debt with a cosigner may make sense. Depending on your financial situation, the […]
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With college tuition on the rise, students may take out student loans as they pursue their education. Student loans come with interest and sometimes other loan fees. As you repay student loans, that interest can add up. While there are options like scholarships, grants, and work-study, sometimes student loans can be necessary to help students […]
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If the first hurdle of higher education is getting into school, the second may be figuring out how youâre going to pay for it. Even with federal loans, work-study grants, scholarships, and savings, students may need financing to cover all of their educational costs. Thatâs when private lenders may be able to help. But if […]
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A statute of limitations on debt is a time limit on how long a debt collector is allowed to sue someone in court and force them to pay off any outstanding money owed to them. When a borrower meets the statute of limitations on a debt, lenders or creditors may no longer be able to […]
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If youâre struggling under a mountain of student debt, youâre not alone. After all, the average debt load for a recent undergrad is around $30,000. The worst thing to do when experiencing difficulty repaying student loans is to just stop making payments. If more than 270 days pass on a federal student loan payment, or […]
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So youâve decided to get a new car. Youâve picked out everything from the color to the floor mats. But pump the brakes. Should you lease or buy? There are many factors to consider. Check out this overview of leasing vs. buying, plus get help deciding how to save for your next set of wheels. […]
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