What is a grace period for student loans?

Student loans are great financial tools for people who can’t afford to pay for their education outright. As the price of education is increasing, more and more people are finding themselves taking out student loans to cover the costs. Even though student loans can be useful, the interest rates might make them difficult to pay back. That’s where a grace period comes in. It’s not easy for students to get a job as soon as they graduate. They might need some time to save up money and get on their…

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How to Prepare for the End of COVID Student Loan Forbearance

Since March 2020, student loan borrowers have been given a break from paying their federal student loan payments. When the COVID-19 pandemic hit the U.S., the government passed the CARES Act, a federal stimulus package designed to bolster the economy. It gave student borrowers financial relief by placing their payments in forbearance and slashing interest rates to 0 percent. That pause on payments has been extended several times, most recently in late December 2021 with student loan forbearance now scheduled to end on May 1, 2022. That gives borrowers time to…

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7 Inspiring Student Loan Debt Blogs To Read Right Now

If you’re struggling with debt, you need to check out these 7 inspiring student loan debt blogs ASAP. Each blog is packed with advice, tips, and inspiration by real people who have paid off their student loan debts – fast. Get ready to bring on the motivation! No More Harvard Debt Joe Mihalic’s uber-popular blog chronicled his journey to  “destroy $90k of student debt in seven months.” So, how did Mihalic pay off the $90k debt he accrued while earning his Harvard MBA? His approach was twofold. First, Milhalic increased his income. Next, he made…

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A STUDENT PERSPECTIVE ON DISTANCE LEARNING

If someone had told me that I would be taking all of my classes online come April, I would have thought they were crazy. Online school has definitely been a change and even a challenge. While at first it was difficult trying to manage Zoom calls, staying focused, and maintaining motivation as a second semester senior, I have learned to adapt to new teaching methods, a very different learning environment, and more independent study. As distance schooling has become “normal,” I feel that it has not only been a learning…

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12 Things To Do Before Student Loan Payments Restart On May 01, 2022

Initiated as a COVID-19 emergency relief measure in early 2020, the student payment pause has been extended several times over the past two years. The latest extension was announced by President Joe Biden in mid-December 2021. According to that announcement, student loan payments restart on May 01, 2022. The two year payment pause has given student loan borrowers much needed time to regroup financially. However, despite the student loan moratorium, a large number borrowers are still struggling to catch up with their finances. Many are convinced that the payment pause…

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10 Ways Student Debt Can Derail Your Life

Millennials have the unenviable distinction of being the most indebted college students in history. According to an analysis from New America, consumers under the age of 34 owe a combined total of over $620 billion in student loans as of mid-2019.1 That’s a sad fact when you consider that many college students are financially inexperienced, and many take out more money than they need. It’s important to match your loan to your expenses and borrow as little as possible. While it’s often necessary for students to take out loans to pay the full cost of their education,…

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A Comparative Analysis of Student Performance in an Online vs. Face-to-Face Environmental Science Course From 2009 to 2016

A growing number of students are now opting for online classes. They find the traditional classroom modality restrictive, inflexible, and impractical. In this age of technological advancement, schools can now provide effective classroom teaching via the Web. This shift in pedagogical medium is forcing academic institutions to rethink how they want to deliver their course content. The overarching purpose of this research was to determine which teaching method proved more effective over the 8-year period. The scores of 548 students, 401 traditional students and 147 online students, in an environmental…

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Student loans: Going for an education loan? Key factors to know

You should apply for a loan as per your current needs, future earning probability and collateral security availability The second wave of the Covid-19 pandemic has aggravated the challenges for many. Even young people are facing challenges when it comes to planning for their higher education. One of the most common ways to bridge any funding deficit for education is to take a loan. However, before applying for an education loan, you should be aware of a few key points, including its eligibility criteria, tax implication, etc. Fulfilling eligibility criteria…

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Student Loan Forgiveness For All? 5 Important Questions

Sen. Bernie Sanders (Photo by Jeff J Mitchell/Getty Images) GETTY IMAGES Student loan forgiveness is a hot topic on both sides of the political aisle. These five important questions are on the minds of many. Here’s what you need to know. Student Loan Forgiveness: Sanders and Warren As the race for president heats up, Sen. Bernie Sanders (I-VT) and Sen. Elizabeth Warren (D-MA), who are both 2020 presidential candidates, have shared competing visions for student loan debt forgiveness. The latest student loan debt statistics show that more than 44 million borrowers collectively…

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Digit wants to help you pay off your student loans faster

Digit, the automated savings app, wants to help borrowers repay their $1.5 trillion in student loan debt faster. Student Loan Payments, the app’s latest tool, allows users to allocate some of their automated savings to make extra payments on top of the user’s standard monthly bill. It works like this: If you have a Digit account, create a student loan goal and connect your loan account to the app. If you already have a student loan goal with Digit, you can change the settings to enable additional payments. The app…

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