Your monthly student loan payments will begin again after the COVID-19 emergency relief ends on Aug. 31, 2022. Here are six things you can do to prepare—and to make payments more affordable if need be. 1. Update your contact info. Make sure your contact information is up to date in your profile on your loan servicer’s […]
On April 6, 2022, the U.S. Department of Education (ED) extended the student loan payment pause through Aug. 31, 2022. On the StudentAid.gov/coronavirus website, you can find information about COVID-19 relief for federal student loans. You can also learn how to prepare for loan payments to begin again. The pause includes the following relief measures […]
Many parents own houses and may want to pass them on to their children at some point. A common thought is to just add the children’s names to the title of the house. While this might sound like a simple solution, it’s usually not a good idea. At a minimum, it risks causing tax problems […]
Section 529 plans (named after the IRS Code Section) allow individuals to set up an account on behalf of another individual (typically a child or grandchild) that can be used to pay college expenses. A recent law change has also allowed up to $10,000 to be used for tuition expenses for elementary and secondary public, […]
Is a Section 529 plan the right college savings plan for you? 529 college plans. There are many ways to save for college, but one thing is certain: it is never too early to start. One way to save for college is with a “Section 529” plan. These plans offer a way to pay for […]
