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 White House on Wednesday announced that President Biden has canceled another $1.2 billion in student loan debt for more than 150,000 borrowers earlier than expected. In an executive action that was originally planned for July, Biden has activated a Savings on Valuable Education (SAVE) plan policy that cancels debt…

Interest payments for U.S. consumers are through the roof. Last quarter, consumers spent a record-high $1.1 trillion on interest payments alone, reported Quartz, using data from the U.S. Bureau of Economic Analysis (BEA).  Over half of those interest payments were not related to mortgage debt. Mortgages often have some of…

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. During…

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 Biden-Harris administration recently released another proposal to help borrowers handle high-cost student loans. This round of student debt relief is designed to help students facing serious financial hardship. The proposal would provide automatic relief to borrowers deemed likely to default on their loans in the next two years.”College is…

The Biden administration’s rollout of a new system for college students and their families to access federal financial aid has prompted a government watchdog to open two new investigations into the botched overhaul. A bipartisan omnibus spending bill enacted in December 2020 included legislation aimed at reforming and streamlining the…

President Joe Biden’s Administration announced $1.2 billion in student loan forgiveness for qualifying borrowers enrolled in the Saving on Valuable Education (SAVE) plan, according to a White House statement. The move will zero out the balance for roughly 153,000 borrowers enrolled in the plan who have been making at least 10…

Millions of borrowers have missed student loan payments since the October restart and about 1 in 10 are refusing to pay in the hopes it will pressure the government to cancel their outstanding debt, a recent survey said. Six in 10 student loan borrowers have missed payments after a 42-month…

The U.S. Department of Education is stepping in to help colleges process forms faster after the fix to the new Free Application for Federal Student Aid (FAFSA) form threatened to delay the timeline for awards. More than 4 million FAFSA applications have been submitted since the new form was launched on Dec.…