Arkansans seek assistance from federal program as student loan payments resume arktimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arktimes.com Daily Mail and Mail on Sunday newspapers.
Arkansans seek assistance from federal program as student loan payments resume ualrpublicradio.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ualrpublicradio.org Daily Mail and Mail on Sunday newspapers.
While many students don’t lean in on opportunities to learn more about student loans and other aspects of personal finance, they tend to have high expectations when it comes to getting help during tough times.
Channel3000.com January 6, 2021 3:04 PM Zina Kumok - Forbes Advisor Posted: Updated: January 8, 2021 7:06 AM Every year, about a million borrowers default on their student loans and that number may increase. Research from the Brookings Institute found that nearly 40% of borrowers who took out student loans in the early 2000s may default by 2023. That’s potentially millions of borrowers. To make matters worse, the Covid-19 pandemic has put many borrowers in a financial situation they never expected to experience. But what happens if a borrower who’s defaulted on their student loans can suddenly afford to make their payments? Is it too late, or can these borrowers dig their way out of default? Here are the options for borrowers whose loans have gone to collections.
KXLY December 10, 2020 5:33 AM Zina Kumok - Forbes Advisor Posted: Updated: December 11, 2020 3:00 PM If you’ve ever found yourself in a financial bind, you know that staying afloat by charging expenses to a credit card is a common go-to. When payday isn’t until next week and your bank account is cleaned out, that plastic in your wallet can end up being the only way to keep food on your table. So why can’t the same approach work for student loan payments? It’s an interesting idea and technically, it can be done but there are a few good reasons why you might want to consider other options. Here’s what you need to know.