Browsing: Student Debt

The payment of student loans can have a detrimental effect on your finances, especially if you do not have the means to repay them. Student loan payments can amount to hundreds of dollars per month, affecting your disposable income and limiting your ability to purchase a home. Student loans have traditionally been difficult to repay. In most cases, people can’t get rid of them through bankruptcy, so they’re stuck with them until they pay them back. Many people wonder whether they can settle student loan debt like they can a credit card or loan. The possibility of settling student loans…

Although the student loan forgiveness program is on hold, scam calls, texts, and emails are being sent to applicants to convince them they will miss a deadline. Loanquo is aware of this and decided to warn students who might fall victim to these scams. Debt Relief Scams Continue As Student Loan Forgiveness Halts Student loan forgiveness keeps getting scammed as it hangs in the balance. The program is on hold until at least February 28, when the Supreme Court takes on the two lawsuits blocking Biden’s student debt relief. With the Department of Education, the application process for the program…