Author: Jeanette Perez

How to Handle Student Loans While on Maternity Leave

If you’re about to be a mother, whether it’s for the first time or not, then you’ve probably thought about all the changes in your life that are coming — especially in the area of finances. Having a baby alters your financial picture. If you take maternity or paternity leave, those changes can be even more pronounced.If you have student loans in repayment, you may find it difficult to make monthly loan payment with a new baby, and you might be wondering how to make it work. Choosing to take maternity or paternity leave — and possibly go without...

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How to Write a Financial Aid Appeal Letter in 2018

Financial aid isn’t guaranteed to every college student who fills out a FAFSA or applies to a school. In fact, you may be denied financial aid, or offered far less than you think you need.You may be denied financial aid for a number of reasons. Your parents may earn too much money for you to qualify, or you may have gotten in trouble with the law, or you may have received bad grades in the previous academic year. Whatever the reason, receiving a denial can seem like a crushing blow. It’s not final, however. You still have one option...

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How to Prove Undue Hardship for Student Loans

Student loans have become almost as much a part of the college experience as final exams.With the rising costs of higher education, over half of college students end up having to take out student loans to meet their financial needs. In 2016, the average student’s loan debt at graduation was over $27,000, and the total national student loan debt is now over $1.5 trillion. Quick Navigation What’s Required to Prove Undue Hardship for Student Loans?Steps to Proving Undue HardshipWhat Happens if You Prove Your Case? Unfortunately, many students are unable to make their monthly payments on those loans and end...

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How to Repay $100K or More in Student Debt

College students are pretty familiar with student loan debt. About 60 percent of college graduates have some, with the average debt being almost $28,000. Getting it paid off requires planning and discipline.What if, however, you look at the average debt and think it’s tiny compared to yours? If you went to medical school, law school, a private university, or even just married a fellow college graduate with loans of their own, you could be looking at over $100,000 in student loans. You might feel like you’ll never get them paid off. The good news is that it can be done,...

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Can You Get Your Student Loans Forgiven by Working for a Nonprofit?

One of the more difficult parts of college has nothing to do with final exams or homework—it’s graduating with a mountain of student loan debt. 60 percent of students have, on average, $17,000 in student loans when they finish school and getting those loans paid back can be an undertaking spanning more than 10 years. Student loan debt, in fact, is the reason more graduates are putting off buying homes, getting married, starting families, and even just moving out of their parents’ homes.What if you didn’t have to pay part of your loans back? What if at least some or...

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