Robert Farrington’s Post

College acceptances are rolling in 🎉 but those tuition bills aren't far behind 🤷 If you need to borrow, here's what to know. Parents and students need to understand their loan choices, Federal vs private student loans, and all of the various terms. It's not just about the interest rate! There are many factors to be considered when taking out a loan. Many thanks to Jake Safane for quoting me in CBS News Link to the article below in the comments👇 #StudentLoans #StudentDebt #HigherEducation #FinancialAid #StudentLoanDebt #EducationFinance #CollegeDebt #DebtFreeJourney #FinancialLiteracy #StudentLoanHelp #LoanRepayment #DebtFreeFuture #EducationInvestment #FinanceEducation #StudentLoanSolutions #LoanForgiveness #SmartFinances #EducationCosts #LoanManagement #BudgetingTips

New Blog Post - The Federal Direct Loan program offers student loan borrowers a one-time adjustment credit towards loan forgiveness. For millions of individuals with student loans that originated before July 1, 2010, the burden of student loan debt has become a significant financial obstacle. Some lenders are taking advantage of the borrowers, and unfortunately, the government cannot change their behavior. The result is that many borrowers are left to pay loans long-term, often throughout their lives. Now, the Federal Direct Loan program offers borrowers a one-time adjustment credit towards loan forgiveness. Learn More - https://lnkd.in/eDVg3ChH #studentloanforgiveness #thehechtmangroup Margaret (Meg) Bradshaw

Big changes are coming for Student Loan borrowers. Be in the know with Varela Financial; one of the leading Student Loan Repayment Planning companies in the country. Millions of borrowers will receive emails notifying them that they could qualify for debt relief under a new program and giving them an opportunity to opt out if they want. Biden’s new student loan forgiveness plan will be geared toward four broad categories of borrowers: • Borrowers who have experienced runaway interest. • Those who would otherwise be eligible for student loan forgiveness under other programs like income-driven repayment plans or Public Service Loan Forgiveness but haven’t enrolled. • Borrowers who first entered repayment at least 20 or 25 years ago, depending on whether they have student loans from graduate school. • Those who previously enrolled in what the department considers “low-financial-value programs” based on poor outcomes. Don't hesitate to reach out with any questions!

Teachers in Their Forties: The Crushing Reality of Student Loan Debt Discover the harsh truth about teachers in their forties still burdened by college loans. Learn about the privilege and challenges of paying for education, as one teacher shares their personal experience. Find out why the current education system needs reform to alleviate these financial burdens. Alli Privitt, M.A. Peter Hostrawser #StudentLoanDebt #EducationSystem #TeacherStruggles #CollegeLoans #FinancialBurden #EducationReform #TeachingCareer #TeacherFinances #HigherEducation #DebtCrisis

Student loan debt is a major financial responsibility for millions of Americans, with the average borrower owing over $37,000. In the ever-evolving environment of federal student loans, staying on top of of the latest developments is critical. So, are there alternative paths to secure loan forgiveness or debt relief? What about repayment plan options? What is the SAVE student loan repayment plan, and am I eligible? Learn more: https://brnw.ch/21wENnS #VantageScore #creditscore #studentloandebt #studentloan #crediteducation #personalfinance

As the burden of student loan debt affects 43.5 million Americans, the restart of payments has caused financial strain on individuals. However, there are repayment plans that could decrease monthly payments. Check out this one-pager on federal student loan repayment plans. If the content resonates with you, consider reaching out to your financial advisor for personalized guidance. #studentloans #repaymentplans

Dive into student loan's ripple effect:: borrower wellness underwater, 🌊! Time for a financial lifesaver! 🏊♂️ More from Candidly's CEO Laurel Taylor + fellow experts Ethan Miller, CFP® and Sharon Carson in the InvestmentNews article below

Let's talk about student loans: 📑 Older Americans behind on their student loans could soon see their Social Security greatly decreased. When government collection practices revert to pre-pandemic era policies, benefits could be reduced to repay defaulted debt. Learn more: https://bit.ly/43CFhHX #SocialSecurity #studentloans

Student loan debt can make it tough to buy a home, but there are solutions! ✨ Keep an eye on your credit score, make on-time payments, and manage your budget wisely to improve your financial health. Don't let student loans hold you back from achieving your dream of homeownership! 🏡🔑 ➡️ Check out the full article from Redfin here: https://lnkd.in/gi92SmQM #FinancialWellness #financialfreedom #studentloans

The High Cost of College: Government-Backed Loans and Student Debt Crisis Discover the shocking truth behind the skyrocketing cost of college education and the role of government-backed student loans in creating the student debt crisis. Uncover how colleges took advantage of loan guarantees to inflate prices, leading to a staggering $1.8 trillion student loan debt. Learn about the consequences and possible solutions. #StudentDebtCrisis #CollegeEducation #GovernmentLoans #HigherEducation #StudentLoanDebt #TuitionCosts #FinancialBurden #EducationSystem #StudentFinance #CollegeDebt