Will Student Loans Be Forgiven in 2020?

Because of the current COVID 19 pandemic and the passing of the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March of 2020, many people are wondering if student loans will also be forgiven in 2020. The CARES Act was an economic relief plan worth over...

Student Loan Deferment

Student loan deferment is a postponement of making student loan payments for a period of time, generally up to about three years. If the loan is a subsidized government loan, interest does not accumulate during the deferment period, but if it is not, interest may...

Student Loan Forgiveness

The average student loan debt is now over $37,000 per student in the U.S. This means that many new graduates are starting out their professional lives with hefty monthly payments to make on this debt. Fortunately, there are programs that offer student loan...

Federal Student Loan Forbearance

Forbearance is a temporary fix for one’s student loan troubles. It is used to keep the loan out of default. A deferment is another option that occurs when the lender temporarily allows the borrower to stop making payments for a period of time. With subsidized loans,...

About Private Student Loan Default

There are some alternatives for private student loans that aren’t available for federal student loans. Private student loans aren’t eligible for forgiveness programs. However, negotiation on a lump sum settlement, reduction of principal and affordable payments, or...