Student LIFE - The Edvisors Blog

AI has been changing many aspects of society, including shopping and spending habits. As such, understanding these changes is crucial to modern money management.

Seven Republican-led states have filed a lawsuit against the Biden administration's efforts to implement broad student loan forgiveness. The states claim that the U.S. Department of Education is preparing to unlawfully execute the forgiveness plan, referred to as "Plan B," prior to the release of final regulations.

The U.S. Supreme Court did not lift the suspension on the SAVE Plan, leaving millions of borrowers in limbo. As of now, a decision will need to be issued in the lower courts before the matter can be taken up by the Supreme Court.

The U.S. Department of Education recently indicated that their one-time IDR payment count adjustments will be completed by September 1, 2024. This on-going effort has been part of a initiative by the Department to resolve discovered student loan servicing errors.

Student loans are available to students up the cost of attendance for their respective school.  This can include everything from tuition to books to housing and transportation and more.  Depending on your individual situation and financial circumstances you may be offered more money than you need, and it could be tempting to take it, but don’t.  

If you are hoping for student loan forgiveness, it's important that you are realistic about the implications to your monthly budget. Make sure you understand how forgiveness may affect your daily and monthly budgets.

When you're a college graduate, understanding how much you can expect to make in your first job is crucial.  Without this knowledge it will be difficult to plan for your finances and how you will manage monthly expenses and potentially student loan payments.  Managing your expectations early will help ensure success later.