May 1st is National College Decision Day for college bound high school seniors. It is the day when students commit to a college and send in their deposits to hold their college spot. That's step one in the journey of paying for college. Congratulations on making this hard decision and finding the right college fit! [...]
Congratulations to all the college bound students. As you compare your student’s financial aid award letters, it is time to compare the net price of each college. What do you do if you award letter is not financially what was expected? Should a Financial Aid Appeal letter be sent and what is the process? For [...]
Do I Qualify for loan forgiveness or loan repayment programs? As you graduate college, your goals quickly shift and you start to look more towards the future. You may be weighing where you should start your career, what type of budget you should set, and how you should start reducing your debt and paying off your student loans.
Student Loan Repayment occurs when the borrower begins paying back their student loans. Understanding the details of repayment and which options work best in your life means knowing when to start repayment, organizing your loan type, deciphering the loan repayment options and understanding the tax implications of the loan repayment options. Learn more in our Ultimate Guide to Student Loan Repayment.
What is the FAFSA? Many parents of college-bound students feel anxious when completing financial aid forms, specifically the FAFSA. This is the form families submit to apply for federal financial aid. It is used by the federal government, states, and colleges to award grants, work-study programs, and loans. Completing the FAFSA forms is required in [...]
Paying for college is one of the most important and expensive decisions you will make with your child. It is complicated and very emotional. To properly pay for college, the family must understand financial aid, college saving plans, educational tax credits, student loans, and student loan repayment.
Each week a new headline comes out expressing the ongoing issue of student debt in today’s society. There are more than 44 million borrowers who owe more than $1.5 trillion dollars in student debt. How did this happen? With student debt growing at an alarming rate, I feel a major contributor to this problem is [...]
PayForED believes understanding the financial outcome of the college decision should be a key decision point when comparing award letters. We have compiled six items to consider when comparing award letter. Our goal is to help families review and clarify the "bottom line"or "net cost" of each college listed on their award letter. Today, student [...]
Wellworks For You, a leading provider of employer wellness management and technology services, is partnering with PayForED to make their suite of student loan solutions available to their national population of members in 2019. “Student debt affects a huge segment of the workforce. We determined that student loan assistance is a critical component when creating [...]
PayForED’s is excited to announce several new enhancements to the Student Loan Repayer solution. The new functionality will upgrade the tool’s tax, repayment, and loan forgiveness functions. Student Loan Repayer Added New Features Actual Tax override function to better project Income-Driven Repayment amounts and loan forgiveness projections New monthly salary increase function to help physicians [...]