How to Have Your Student Loans Forgiven
Student loan debt is very common. If you have student loans, your payments may impact how you live your life in significant ways. So as you work to pay off your student loans, it’s important to understand the options that exist for student loan forgiveness. Here are three student loan forgiveness programs you should be…
Read MoreDo I Qualify for Perkins Loan Cancellation?
Public Service Loan Forgiveness and Teacher Loan Forgiveness apply to federal student loans that you’ve borrowed, but not to any Perkins Loans. The Perkins Loan program was discontinued in 2017, but you might still be eligible for loan cancellation programs if you have Perkins Loans. Perkins Loan Cancellation through Teaching To have your Perkins Loans…
Read MoreDo I Qualify for Teacher Loan Forgiveness?
If you are a teacher or work for an educational service and also have federal student loans, you may qualify for Teacher Loan Forgiveness. Requirements for Teacher Loan Forgiveness Eligibility To qualify for Teacher Loan Forgiveness, you must have direct loans or FFEL Program loans borrowed after Oct. 1, 1998. You also need to be…
Read MoreDo I Qualify for Public Service Loan Forgiveness?
To participate in Public Service Loan Forgiveness, make sure that you meet all the requirements. You must have the right type of loans, the correct occupation, a full-time job, and the correct repayment plan. Plus, you need to make eligible payments for ten years. After ten years, if you meet all of these conditions, you…
Read MoreYour Guide to Getting Out of Debt
There are a couple of ways to get out of debt and back on track. It may seem overwhelming, but you can do this! It’s time to budget To start with, make a budget. Total up all your monthly take home pay. Next, subtract all of your expenses. You will want to subtract your housing,…
Read MoreHow much should I save if I’m in debt?
How much should I save monthly if I am in debt? Or what percentage of my income should I save if I am in debt? Submitted by LaTisha V. When we have debt, our priorities can change completely. To start, we have to remember that not paying our debt will negatively impact our credit history…
Read More5 Tips to Stay Out of Debt on Black Friday
Your No-Debt Black Friday Survival Guide As a veteran, I often get eye rolls from my kids when I use military analogies to describe events. But as a financial coach, I can’t help but see Black Friday as an epic battle. You’re knee-deep in the trenches of holiday shopping goals and you’re experiencing the rapid…
Read MoreWhat is a good interest rate?
You may have heard that there are only two kinds of people: those who pay interest and those who earn it. In reality, we all likely end up occupying both sides of that equation. The first thing to know about borrowing money and paying interest is that how much you pay depends on your credit…
Read MoreHow should I pay off medical debt that’s been sent to a collection agency?
“My debt from an unpaid urgent care bill has been sent to a collection agency. What is the best way to go about paying off this debt?” Submitted by Jessica J. Medical debt is a huge financial stressors for many people. Taking action early is the best way to get it under control. Double-check your…
Read MoreHow do you get out of an upside down car loan?
How do you get out of an upside down car loan when you have bad credit and no one is willing to refinance? Submitted by Nichole B. You have touched on a hot button for me! In the early 90s, I had a car that was so upside down my grandchildren would be paying the…
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