Student Loans
What Is a Student Loan? A student loan is money borrowed to pay for education expenses, such as tuition, books, housing, and other costs. Unlike grants or scholarships, loans must be repaid with interest after graduation or when you leave school. Types of Student Loans in the USA 1. Federal Student Loans Offered by the … Read more
1. Public Service Loan Forgiveness (PSLF) 2. Teacher Loan Forgiveness 3. Income-Driven Repayment (IDR) Forgiveness 4. Borrower Defense to Repayment 5. Total and Permanent Disability (TPD) Discharge 6. Biden’s Student Loan Forgiveness Updates (2025) President Biden introduced one-time forgiveness plans (though challenged in courts). The administration continues to push for automatic relief through PSLF, IDR … Read more
Student loans play a major role in mortgage eligibility, but they aren’t an automatic deal-breaker. Here’s how they affect your chances: 1. Debt-to-Income Ratio (DTI) 2. Credit Score Impact 3. Loan Type Matters Does Student Loan Affect Mortgage Rate? Student loans don’t directly change mortgage interest rates, but an increased DTI or lower credit score … Read more