Borrowing money to go to college has closed the door on many major life milestones, including completing a degree program, for most student loan borrowers, a recent Gallup survey said.  Overall, 71% of student loan borrowers who are currently enrolled college students or previously enrolled students who dropped out of…

The Biden administration is continuing its mass student loan handouts as it announced another $6 billion that it would be giving to borrowers ahead of the 2024 election. “Today, my Administration is approving $6.1 billion in student debt cancellation for 317,000 borrowers who attended the Art Institutes,” President Biden said…

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…

New and returning college students’ timelines for applying for federal financial aid and receiving their award offers have been thrown off this year after the botched rollout of a new application form – with the leadership of the office in charge set to change this summer. College students and their…

Homebuyers in the U.S. are turning to riskier adjustable rate mortgages (ARMs) as high interest rates make it less affordable for purchasers locking in new fixed rate mortgages, according to a new report. The Mortgage Bankers Association’s Market Composite Index, which measures loan application volume, found that the share of…

President Joe Biden’s new student debt elimination proposal would bring relief for millions more Americans, but a Penn Wharton Budget Model (PWBM) analysis shows it could add another $84 billion to an already costly plan. The Biden Administration released a formal proposal to provide student debt relief to over 30 million borrowers. The new…

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…

Student loan debt has been an ongoing discussion among Americans for years as the debt balance continues to grow. The country’s total student loan debt now sits at $1.6 trillion, according to Federal Reserve Bank of New York data. These debts are overwhelming for many borrowers. Nearly 94% of respondents…

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…

Months after the United States Supreme Court ruled President Biden’s sweeping student loan handout was illegal, he is forging ahead with another partial loan forgiveness. “Today, my Administration is canceling student debt for 277,000 more people, bringing the total number of Americans who have been approved for debt relief so…