By the Numbers: A Striking Figure in Personal Finance News TodayIf you’re buying a typical home now, then you’re looking at a monthly mortgage payment that’s $1,339, much higher than the average home payment of about 10 years ago, one of the reasons it shows today. So many current homeowners are reluctant to keep their … Read more
Consolidating some FFEL and Perkins loans for forgiveness is no longer possible.The United States Department of Education has abruptly changed how it is implementing President Joe Biden’s student loan forgiveness plan, More than 4 million borrowers might be left with some type of federal loan. (Student Loan Forgiveness) If you have Federal Family Education Loans … Read more
The data shows that a federal student loan borrower with a normal student loan amount and interest rate could also save $63.43 on their monthly student loan payment compared to what they would have paid without it. Borrowers with federally held student loans are entitled to a waiver of $10,000 ($20,000 for those receiving Pell … Read more