Tag: Student Loans

Beyond Forgiveness: Smart Moves for Your Finances
September 15, 2025 Off

Beyond Forgiveness: Smart Moves for Your Finances

By The Admiral Staff

Following the federal government’s announcement of student loan forgiveness, the article suggests several steps to improve financial well-being. First, borrowers who continued making payments during the pandemic should seek refunds from their loan servicers. Next, forgiveness is expected to positively impact credit scores, and a tool like Credit Sesame can help monitor and improve them. The freed-up funds can then be used for investments through apps like Stash, allowing small investments in companies like Amazon and Google. Finally, individuals with credit card

Escape the Student Loan Trap: Smart Moves to Pay Off Debt Faster
July 29, 2025 Off

Escape the Student Loan Trap: Smart Moves to Pay Off Debt Faster

By The Admiral Staff

The article outlines various strategies for graduates to accelerate student loan repayment. These include making biweekly payments, refinancing for a lower interest rate, and utilizing the debt avalanche method. Other practical tips involve enrolling in autopay, applying windfalls to the principal, choosing shorter repayment terms, and leveraging side hustles or cash-back apps. Finally, it suggests strategies like deducting student loan interest at tax time and exploring income-driven repayment plans for those with modest incomes.

Homeownership & Student Debt: Your Path to Possible
July 16, 2025 Off

Homeownership & Student Debt: Your Path to Possible

By The Admiral Staff

Despite student loan debt, homeownership is achievable with strategic financial planning. The article outlines 15 practical steps including improving your credit score, exploring first-time buyer assistance programs, and considering income-based repayment plans to lower your debt-to-income ratio. Other key strategies involve cutting expenses, saving for a larger down payment, and shopping around for lenders experienced with student loan borrowers. Maintaining stable employment, choosing a modest home, and building an emergency fund are also crucial for securing mortgage approval and

Beyond Debt: Smart Strategies for Funding Your Advanced Degree
March 16, 2025 Off

Beyond Debt: Smart Strategies for Funding Your Advanced Degree

By The Admiral Staff

Pursuing a graduate degree can significantly increase earning potential, but it often comes with substantial debt. The article outlines seven strategies to minimize student loan debt while earning an advanced degree: seeking employer tuition assistance, applying for federal and state grants and scholarships (including specific programs like TEACH and Pell), exploring institutional scholarships and fellowships, securing a graduate assistantship (teaching, research, or administrative), investigating professional organization funding, utilizing federal student loans cautiously, and considering private loans only after graduation for potential refinancing.

A Fresh Start: .8 Billion in Student Loan Debt Forgiven for Disabled Borrowers
March 15, 2025 Off

A Fresh Start: $5.8 Billion in Student Loan Debt Forgiven for Disabled Borrowers

By The Admiral Staff

The U.S. Department of Education will automatically forgive federal student loans for approximately 323,000 borrowers with total and permanent disabilities, wiping out an estimated $5.8 billion in debt. This initiative, utilizing data from the Social Security Administration and the Department of Veterans Affairs, eliminates the previous application process. While a welcome relief, many disabled borrowers will still need to apply directly for discharge. Additionally, the Department is permanently pausing income requests for borrowers who qualify for a TPD