College Savings

student loan payments

Should I Pay My Student Loans or Wait for Student Loan Forgiveness in 2021?

During the 2020 Democratic Primary election, all of the candidates threw their weight behind some form of student loan forgiveness. It isn’t hard to see why. Forgiving student loan debit is extremely popular, especially with those burdened by large student loan payments. Now that the Democrats control the Senate, the House, and the Presidency, is …

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student loan payments covid

New Biden Covid Student Loan Help

A whole lot of Covid financial relief protections were scheduled to end in December. As expected, some of those money helping tweaks have been extended in 2021. For example, the Biden administration recently extended the mortgage foreclosure moratorium and forbearance protections. Student Loan Relief Flexibility On January 20, 2021, various student loan relief measures were …

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student loan repay income based payments

Is An Income-Driven Repayment Plan Best for Me?

Many people with student loan payments don’t realize they have multiple options for repaying their student loans easier. One option is the income-driven repayment plan that the federal government offers for loans owned by the US Department of Education. The key to income-driven student loan payment is that your student loans are forgiven at the …

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529 plan tax law changes states

Can I Use My 529 Plan to Pay For K-12 Expenses

A 529 plan is a tax-advantaged account that allows saving and investing for college expenses. Before last year’s new tax law was passed, one got tax-deferred growth in the account, and tax-free withdrawals for qualified college expenses. Even better, there were very few 529 contribution limits on most plans. Now, the recent tax law has …

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