Student loan payments are getting in the way of building retirement savings for some, and in particular those Americans with higher salaries, according to a recent study. Americans with student loan payments contribute at a lower rate and have smaller overall balances in their 401(k) accounts than those earning the…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Borrowers…

The U.S. Department of Education just published a state-by-state list of borrowers who have received forgiveness under President Biden’s Saving on a Valuable Education (SAVE) Plan. The announcement breaks down how much forgiveness each state has received and how many borrowers are enrolled in the plan in each state. So…

New York Community Bancorp is seeking to raise equity capital in a bid to shore up confidence in the troubled regional lender. NYCB, buffeted by fears over potential real-estate loan losses, weaknesses in its internal controls and a sharp drop in its stock price, has dispatched bankers to gauge investors’…

Some student loan borrowers who have been making payments for over a decade under income-driven repayment and forgiveness programs have yet to see the forgiveness they were promised. To correct this, the Biden administration is providing that forgiveness, and, as an added bonus, some borrowers are also receiving refunds for…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Borrowers…

More student loan forgiveness is here, this time for 78,000 public service workers. Nurses, teachers, firefighters and a large array of other workers qualify for President Biden’s $6 billion in forgiveness, the White House recently announced.  Due to fixes to the Public Service Loan Forgiveness (PSLF) program, workers that never…

President Biden announced Thursday that $5.8 billion in student loans would be “canceled” for 78,000 borrowers working in the public sector, bringing his administration’s total student debt write-offs to $143.6 billion. Biden pledged to find other avenues for tackling debt relief last year after the Supreme Court in June blocked…

President Joe Biden’s Saving on a Valuable Education (SAVE) plan has lowered student loan payments for 153,000 borrowers. In July, the plan is set to drop payments even more for nearly every borrower enrolled. The plan uses a borrower’s income to determine payment amounts. Until July, the formula considers 10%…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Borrowers…