President Biden is flirting with a massive student-loan forgiveness plan–$10,000 in debt relief for 97 percent of all college borrowers. The Washington Post, perhaps America’s most progressive newspaper, urges him not to pull the trigger. “Biden could ease the burden on the genuinely disadvantaged in a number of more targeted ways,” the WP editorial board …
Question: Dear Steve, I signed for 4 Navient Parent Plus loans for my son over 10 years ago, he is now living in a camper with no income and I am 72 years old and only get below poverty SS checks now. I don’t pay anything on my own student loans because of my Income-Contingent …
Question: Dear Steve, I am a single working mom. My son was accepted to the Culinary Institute of America Hyde Park in September 2017. The Institute told me I could apply for a Parent Loan to help my son. However, I told them my credit was poor, and I definitely would not be accepted. They …
Baylor University, a Baptist institution located in Waco, Texas, is a well-respected school. Over the years, it has risen steadily in the college ratings and now ranks among the top 100 American universities. But Baylor is expensive–tuition and fees are about $50,000 a year. Low-income students can take out federal loans, but these loans are …
Parents trying to do a good thing and send their loved kids to college often blindly take out student loans. In the federal loan space, these undergraduate loans are Parent PLUS loans. The best way to think of these loans is where only one parent is financially responsible for the loan, but all the benefit …