The federal government will resume collection actions against borrowers who have defaulted on their federal student loans beginning in January 2026, marking the continuation of a multi-phase restart of collections that were paused during the COVID-19 pandemic. The U.S. Department of Education confirmed this policy shift in late December 2025, signaling a return to pre-pandemic…
College is a significant investment, and for many students, it wouldn’t be possible without financial support. That’s where student loans come in – a vital tool that helps students cover the cost of higher education when savings, scholarships, and grants aren’t enough. Whether attending a four-year university, a trade school, or a graduate program, students…
The idea of paying for college is stressful for students and their parents alike. Add to that the complexity surrounding financial aid packets and how federal student loans work, and it’s no wonder many people feel overwhelmed. To help you navigate through these mysterious waters, and provide you with some peace of mind, here is…
As a parent, it’s normal to want to help your students handle their college costs. While using any available savings is an option, not all households can afford to cover college expenses out of pocket. As a result, turning to a federal Parent Plus loan for financial assistance is commonplace. Parent Plus loans do come…
During his campaign for president, Joe Biden promised that student loan borrowers would receive $10,000 in student loan forgiveness. While there wasn’t immediate progress due to concerns about the legality of such broad actions, President Biden formally announced a one-time federal student loan debt relief on August 24, 2022. Since that announcement, the landscape has…
Most students understand that student loan debt can harm their financial futures. However, deciding whether the amount of student debt that comes with a particular major is worthwhile isn’t always easy to ascertain. Some degree plans come with higher-than-average debt loads but bring in enough income to make it worthwhile. Others may have slightly below-average…
If your student’s financial aid package falls a little short, you may start wondering whether a Parent PLUS loan could be the answer. The money can be used on a variety of college expenses, including tuition, room and board, fees, and more. However, while Parent PLUS loans are widely used and could be a reasonable…
President Joe Biden’s student loan forgiveness has been a hot topic since he was on the campaign trail. Once President Joe Biden took office, discussions about student loan reform at the federal level ramped up, leaving many borrowers wondering if student loan cancellation may be on the horizon. While student loan repayment and interest charges…
Many students look into refinancing student loans. Often, getting a lower interest rate or monthly payment is the main goal, making an existing student loan more affordable. However, there can be other motivators for student loan refinancing, including avoiding defaulting on a debt. If your student is trying to avoid debt, scholarships are a great…
When college students need to cover the cost associated with getting their degree, many assume that student loans are always part of financial aid packages. While many schools do include loans as a means of paying for their programs, there are also no loan colleges that have a no loans policy, meeting 100% financial need…
