Loss Mit, Data Mining, Pre-Approval Letter Tools; jumbo, HELOC, Non-Agency News; Watch Those Student Loans What’s old is new again? In Vermont, one man is refurbishing payphones for people to use for free. Very cool. Debt isn’t old or new, but how we treat it is. On today’s episode of Advisory Angle at […]
Sweeping changes are coming to student loans, courtesy of President Trump’s so-called “big beautiful bill.” Almost everyone with a federal loan for higher education will be affected — including the more than 9 million Americans older than age 50 with student loans — as well as families who will need to borrow in the future
The New Rules for Student Loans Read More »
Key Takeaways Federal student loans are undergoing significant changes in 2025, with updates to repayment plans and income-based options. Borrowers may be forced to switch repayment plans, which could result in higher monthly payments. Income-driven repayment (IDR) plans are still in flux, and borrowers should know that switching plans may impact their payment amount and
Worried About Student Loans? A Financial Advisor Shares the Smartest Moves Now Read More »
KEY TAKEAWAYS More than 4 million federal student loan borrowers were on the verge of defaulting during the last quarter. The number of borrowers who are delinquent and in default is higher than before the COVID-19 pandemic. Many borrowers have had trouble resuming payments after the pandemic payment pause ended. Student loan debt is becoming
More Than 4 Million Student Loan Borrowers Are Likely on Their Way to Default Read More »
In a boost for first homebuyers, National Australia Bank will disregard student debt under $20,000 in assessing home loan applications. NAB is the latest big bank to adjust its home lending rules around student debt. From 31 July, NAB will ignore HELP debt of $20,000 or less in its home loan assessments. It essentially means
NAB latest bank to relax student debt rules in home lending Read More »