Over four out of every ten employers are hiring academically overqualified workers – and they’re happy they did. A recent survey from Career Builder found that 41 percent of employers are hiring workers with college degrees for positions that don’t require them, and had in the past been filled with workers who have only a […]

Read More

Health insurance giant Aetna is the latest major employer to join the growing list of companies to offer student loan repayment assistance as an employee benefit. Beginning in 2017, the company’s 50,000 full-time workers will be eligible for matching student loan payments of up to $2,000 per year, up to a cap of $10,000 per […]

Read More

Defaulting on a debt is never pleasant – not for the borrower and certainly not for the lender. And defaulting on a federally guaranteed student loan is especially ugly. Because federal loans are generally not dischargeable in bankruptcy, and the U.S. taxpayer is left holding the bag when you default on a federal loan, you […]

Read More

Last month, the Federal Reserve announced an interest rate hike for the first time in a decade. And December’s decision may be the first of many such hikes. San Francisco Federal Reserve President John Williams anticipates as many as five rate hikes this year – which would put the target federal funds rate at 1.4 […]

Read More

The good news is the state of Minnesota has launched a new program designed to help state residents struggling with student loan debt known as the SELF Refi program. The bad news is it’s nearly as tough to qualify for as a home mortgage is. The program will allow qualified Minnesota residents who are currently […]

Read More

piggy bank

Tax Tips for Millennials

January 20, 2016

Hopefully you looked at our end-of-year tax moves story to minimize your tax burden for tax year 2015. You’ll be getting your W-2 forms and 1099s in a few weeks, though, and when you do, you can get to work reaping the benefits of your smart tax moves from 2015. But it’s not too early […]

Read More

On October 27th, the Department of Education revised the rules of the Pay As You Earn program (PAYE) in an effort to ease the burden of student loan payments on borrowers. The new rules established the Revised Pay As You Earn Plan (REPAYE), and it just became available to borrowers effective December 17th. Here’s the […]

Read More

Expecting to be forgiven all or part of a loan? Try to put off the forgiveness until after the first of the year. This way, you will have another year to pay any tax that will be due on forgiven debt. Pay off any accrued interest before the end of the year. You can deduct […]

Read More

Borrowing to finance education costs can be a great bet in the long run. In fact, most studies show that a college degree does, in fact, pay off handsomely over the course of a career compared to the cost of tuition. But your student loan balance will affect your credit in the meantime. Here are […]

Read More