While Biden's student loan forgiveness plan was ultimately struck down by the Supreme Court of the United States, many borrowers will be able to benefit from a consolation prize known as the SAVE repayment plan. This income-driven repayment plan is essentially an upgrade to the existing REPAYE income-driven repayment plan, but it will pave the way to lower monthly payments (and often $0 monthly payments) for a larger selection of borrowers. While some of the SAVE plan's benefits have already...

You’ve likely heard by now that the $10,000 to $20,000 in student loan forgiveness promised by the Biden administration is not going to happen. This is because the U.S. Supreme Court ruled President Biden lacks the authority to permanently erase student loan debt on his own. What happens next is probably going to be incredibly chaotic, especially when you consider the fact millions of Americans haven't been making federal student loan payments the last three years. The U.S. Department of...

While most people are familiar with products like homeowners’ insurance, car insurance, and life insurance, you can insure pretty much anything you want these days. In fact, it's not all that uncommon for regular people to buy wedding insurance due to the high costs of getting hitched. You can also buy insurance for a boat or a jet ski you own, or for a specific part of your body. But that's not all. A newer insurance product called college tuition insurance is growing in popularity, and it's...

Whether you're ready to deal with it or not, payments on federal student loans are expected to resume this year after being paused due to the Covid-19 emergency since March of 2020. Nobody knows exactly when they'll resume since it depends on the Supreme Court's decision on Biden's student loan forgiveness plan, and exactly when that decision is handed down. However, guidance published on the U.S. Department of Education website says payments will restart 60 days after the litigation has been...

Millennials, or people born between 1981 and 1996, are known for living at home with their parents longer, renting instead of buying a home, and staying in college to earn advanced degrees while simultaneously drowning in student loan debt. But one thing hardly discussed is the factors that have impacted millennials, their lifestyles and their finances, for better and for worse. While people are quick to poke fun at them, nobody wants to talk about why millennials aren't meeting the same...