Student Loans

Best Credit Cards For Students [2022 Guide]
Credit Cards, Student Loans

Best Credit Cards For Students [2022 Guide]

Best Credit Cards For Students WalletHub editors spend months researching the best credit cards for students. The resulting list focuses on student-branded cards with no annual fee, which tend to offer the best deals. But there are many others to choose from. We recommend the Amazon Prime Student, Capital One Quicksilver Cash, and Bank of America(r) Unlimited Cash Rewards. Read on to find out what they have in common. And remember: there's no better student credit card than a free one! Discover it Student Cash Back For students looking to build their credit, the Discover it Student Cash Back credit card is a great option. This card earns 5% cash back on rotating categories and matches the cash you earn the first year. Its low rewards rate is ideal for student purchases since it does not...
President Biden’s Student Loan Forgiveness Program
Education, Student Loans

President Biden’s Student Loan Forgiveness Program

What You Need To Know About President Biden's Student Loan Forgiveness Program When President Joe Biden took office, one of his first actions was to sign an executive order that would provide some relief to student loan borrowers. The order, which went into effect on February 15, 2021, pauses all federal student loan payments and interest accrual for at least 60 days. In addition, the order reinstates the Public Service Loan Forgiveness program, which had been set to expire on December 31, 2020. The order also gives borrowers the option to temporarily consolidate their loans into a single loan with a lower interest rate. This could be helpful for borrowers who have multiple federal loans with different interest rates. By consolidating into a single loan, they would only have to make on...
8 Federal Student Loan Repayment Plans You Should Know About in 2022
Student Loans

8 Federal Student Loan Repayment Plans You Should Know About in 2022

8 Federal Student Loan Repayment Plans You Should Know About in 2022 The U.S. Department of Education offers several repayment plans for federal student loans. You can choose a repayment plan that’s best for you based on your financial situation and goals. The Standard Repayment Plan The Standard Repayment Plan is the default repayment plan for federal student loans. Under this plan, you’ll pay a fixed amount each month for up to 10 years. The Standard Repayment Plan is generally the best option if you can afford the monthly payments. The Graduated Repayment Plan The Graduated Repayment Plan is similar to the Standard Repayment Plan, but your payments will start out low and increase every two years. The Graduated Repayment Plan is a good option if you expect your income to increase ov...