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Biden Erases Default or Delinquency Status with Latest Student Loan Payment Pause

In addition to extending the pause of Federal student loan repayments to August 31, 2022, any borrowers who were in default or delinquency prior to March 2020, will have their status reset when repayment is scheduled to start on September 1, 2022.  ….all borrowers with paused loans to receive a ‘fresh start’ on repayment by…

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The Extra Bonus of the Student Loan Repayment Pause through May 1, 2022

Since March 2020 and extending through May 1, 2022, payments and interest on all Federal education loans, both student loans and Parent PLUS loans have been suspended as parts of various COVID-related economic relief policies. Borrowers have not been obligated to send payments, and for anyone already behind in their payments, no additional penalties have…

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Grads(lg).CMC2015

The search for merit aid begins with the proper valuation of a college degree

“Do you help with scholarships?” is often one of the first questions that parents ask me. Fearful of the ever-increasing cost of college tuition, they (mis)perceive a college education as a large purchase, rather than an investment.  To invest in a college education, both institution and family mutually consent to a partnership. Yet, in any…

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Student Debt in Seven Charts

Not all student debt is ruinous.  However, borrowing can be complex.  Loans spend tomorrow’s income today, and for college students, a promise of tomorrow’s income is spent to pay for expenses in the present day.  Understanding recent growth in student loans and the challenges of repayment can help potential student loan borrowers consider both the benefits and the risks before borrowing.…

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More College Admissions 101

Additional insights to answer the complex questions Hewlett Packard employees asked during our second College Admissions and Financial Aid Brown Bag Lunch, since we were limited in our discussion time last week.  Each topic is bolded, with the details listed below: College Application Essays The autobiographical college application essays are a meaningful part of any…

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