According to the Mississippi State Treasurer’s office, the average Mississippi student graduates college with $30,000 worth of debt. Also, 30% of these graduates are reporting delaying major life milestones (getting married, buying a house or car, and even having kids!) We'll discuss and answer questions about student loans.
Blog post that the New Perspectives interns wrote that ties in with the episode of Money Talks about mortgages:
https://newper.blogspot.com/2022/06/heloc-vs-cash-out-refinance.html
Compete to Complete: http://moneytalks.mpbonline.org/5cd31f1533f6c1be55607d6e
COVID-19 Emergency Relief and Federal Student Aid
On April 6, 2022, the U.S. Department of Education (ED) extended the student loan payment pause through Aug. 31, 2022. The pause includes the following relief measures for eligible loans:
https://studentaid.gov/announcements-events/covid-19
FAFSA website: https://studentaid.gov/h/apply-for-aid/fafsa
Subsidized and unsubsidized loans
Private and government loans
Private education loans are not eligible for consolidation, but for some Direct Consolidation Loan repayment plans, the total amount of your education loan debt—including any private education loans—determines how long you have to repay your Direct Consolidation Loan.
Direct PLUS Loans received by parents to help pay for a dependent student’s education cannot be consolidated together with federal student loans that the student received. https://studentaid.gov/manage-loans/consolidation
Questions:
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