Student loan forgiveness has been a hot headline over the last year. The ever increasing mass of student loan debt continues to weigh on the hearts and minds of our college graduates. Today, 7 in 10 college seniors are graduating with student loan debt! While student loans are a necessary tool for some students, they should be used carefully by borrowers.
You may have seen the late night television ads preaching the benefits of student loan forgiveness. Despite what these television ads say, not everyone is eligible for student loan forgiveness. These ads are often being run by unethical telemarketers looking to take advantage of uneducated student loan borrowers. To qualify for student loan forgiveness you must meet certain eligibility requirements for federal programs. Don’t find yourself victim to a student loan forgiveness scams.
The following U.S. Department of Education programs can actually forgive your student loan debt:
In the modern age, getting rid of debt has various implications. There’s the simple idea of lowering bills, living a debt-free lifestyle or simply putting yourself in a position to save money. But there is also the on-going concern of keeping your credit score intact.
We live in a loan-oriented society and, for most of us, borrowing is critical. We need a car or can do better financially if we buy a home instead of rent sometimes. We want to start a business or pay for tuition to live better lives. These are not frivolous moments. A credit score is critical at important junctions in our lives.
You need some basic understanding of money to understand loans, but in the modern era it also pays to know a few tricks to helping your credit score that go beyond simply, “don’t make late payments, ever.” That’s obvious. But here are some less obvious methods of keeping credit scores healthy…
Runaway debt and credit debt is the new normal. It doesn’t necessarily occur because you spend beyond your means, but can happen as a result of your FICO score dropping whenever you apply for a lease on an apartment, a credit card account, or a car loan. The company that reviews your application will pay a fee to check your credit and these checks are not harmless, but can actually create a dent in your credit score.
Without realizing it, you may end up paying higher interest for everything because of your lower FICO score. This may actually force you to run out of money. At this point, it’s easy to fall into some heavy debt as you scramble for survival.
So, it’s a negative cycle: inquiries on your credit card may lower your FICO scores; these then results in paying more for everything because of higher interest rates. This situation, in turn, may then lead to runaway debt.
In order to arrest this negative spiral, you first have to understand how the credit scoring system works…
An exceptionally important document, there is now no doubt that a resume is a critical part of active job search.
It forms the basis of attaining a lucrative designation at imminent industries and organizations.
Due to the significance of this piece of paper, much advice has been rendered regarding the different ways to draft a crisp and succinct resume.
Numerous formats are floating around in the employment circuit ranging from traditional to modern, effectiveness of which depends on the target institution and available job profile.
You’ve graduated college, now your student loan forbearance or “grace period” will end soon and you don’t know how to formulate a payoff strategy.
For those who don’t know where to start, below are 4 tried-and-true strategies to help jump-start your loan payoff…
When the calendar turns to a new year, it’s time to start thinking about doing your taxes.
Many people procrastinate on this process, waiting until close to the April 15th deadline to get going. There are many reasons why it’s a bad idea to wait to file.
The smart people get going as soon as possible, and they reap the rewards of early filing.
If you’re wondering whether you should get ahead of the crowd on your taxes, here are some pitfalls of procrastinating and a few reasons why it pays to get the ball rolling right away…
A resume is essentially a document for selling your skills and work experience.
However, if you directly jump to the work experience section from your name and contact information, recruiters will lose interest in your profile and it will leave a bad impact. Therefore, it is necessary to come up with a good introduction for a resume or CV (Curricula Vitae).
We all know the importance of the competencies and work experience section for a resume. But do we ever place the same importance on writing a good introduction? The answer is usually no.
This is one of the reasons why even a well written resume and a deserving candidate get no response from the recruiter.
A good introduction to a resume is as important as dressing well is for an interview…
It is a sad thing to consider, but not all that uncommon.
Sometimes a homeowner with a mortgage will die before the mortgage has been completely paid off.
Since mortgages can last 20, 30, even 40 or more years, a lot can happen to a person between the time they start and the time it finishes.
If you are worried about confusion with the house and mortgage if this happens to you or a loved one, here are some things to know…