Now that the Supreme Court has ruled to strike down President Biden’s student loan forgiveness plan, the moratorium on payments is coming to an end. The student loan payment moratorium went into effect in March 2020, due to the pandemic. Federal student loan payments were suspended, and interest rates were set to zero. Now, more […]
Compounding Money in a Roth IRA for Students
If you have a student who is just getting started financially – whether they have a summer gig or their first post-grad job – you can help them kick off their investing with a Roth IRA. Beginning in 2024, if you have money left over in a 529 plan, you can roll up to $35,000 […]
How to Manage the Cost of College
Attending college shouldn’t be the default option for every graduating high school student anymore; instead, it should be a carefully, well-thought-out plan, especially when you consider the high cost. In 2023, the average cost of attending a 4-year in-state university is about $25,707 per year. For out of state or private universities, that amount only […]
Biden’s Student Loan Debt Relief Plan: What You Need to Know
The Biden administration’s student loan forgiveness plan will forgive up to $20,000 in debt for millions of federal loan borrowers. Does this plan apply to you or your family? Let’s take a closer look at the plan and what it entails: The Student Loan Debt Relief Plan: Who is eligible? The student loan relief plan […]
Student Loan Payments: How to Prepare
The student loan payment relief has been extended through August 31, with payments set to resume “at some point,” according to the Biden administration. But that extension might continue beyond August, as new student loan relief initiatives may not be ready in time. What does that mean for you? Depending on your degree, your loan […]