The Internal Revenue Service (IRS) generally requires that you report a forgiven or canceled debt as income for tax purposes. But forgiven student loan debt is different. The American Rescue Plan (ARP) Act specifies that […]
The Saving on a Valuable Education (SAVE) Plan is a new income-driven repayment (IDR) option that offers the lowest monthly payments among all IDR plans to a wider group of borrowers. In fact, under this repayment plan, more […]
What’s Happening The Department of Education announced changes to its federal income-driven repayment plans. The Saving on a Valuable Education (SAVE) plan was introduced, replacing the current Revised Pay As You Earn (REPAYE) plan. Partial benefits under […]
Family vacations are the stuff memories are made of. Maybe it’s a week spent at a beach an hour from your home, a long weekend at a theme park, or an amazing two-week jaunt around […]
The first step in saving for a home is to come up with a target savings amount. For most mortgages, you’ll need to come up with a down payment. This could be anywhere from 5% to […]
A wedding savings account is a savings account specifically earmarked for upcoming wedding expenses. It lets you easily track your savings progress and pays interest on your deposits, typically expressed as an annual percentage yield […]
Whether you’re tired of getting hit with fees or looking for a better return on your savings, you may be thinking about breaking up with your current bank and opening a new account somewhere else. […]
What Is an Unsecured Home Improvement Loan? A home improvement loan is one of the many personal loan types. Unlike a home equity loan or home equity line of credit (HELOC), home improvement loans are unsecured, […]
If you received student loan forgiveness in 2022, you won’t have to pay federal income tax on your forgiven debt, but your state might consider it taxable income. Filing your taxes can be complex, and […]
Borrowing money to pay for goods and services, with the expectation to repay it, is considered purchasing on credit, and responsibly repaying that debt helps build your credit. However, your cable bill doesn’t quite affect […]
Unfortunately, building credit with debit card activity won’t kickstart your credit file. Having a solid credit history provides greater access to competitive financing offers. Additionally, your creditworthiness is reviewed in other parts of your life, […]
If you can secure better terms for your student loan through refinancing, you can save money over the life of your loan. But does refinancing student loans hurt your credit score? While refinancing […]
What happens if you don’t pay student loans for an extended period of time is they ultimately go into default. A student loan default impacts your finances — both immediately and in the long […]
You already know that saving money is a responsible habit to practice, but the weight of student loan debt can make that challenging to do. According to Student Loan Hero’s latest data, the class of 2018 […]
It’s no secret that airports can be a chaotic and overwhelming experience for travelers. In its latest report, the U.S. Travel Association revealed that there were 79.6 million international arrivals into the United States in 2018 — […]
Stress comes up for a number of reasons, such as work, personal relationships, or your physical health. But according to the American Psychological Association’s latest “Stress in America” survey, 64% of Americans say money is one […]
The convenience of a credit card isn’t limited to everyday shopping purchases at the store or online. Many of the same conveniences apply when you pay bills with your credit card. Although it might sound […]