Save Money Today on Your Student Loans
"I have been incapacitated by debt for a decade," says writer MH Miller in a recent article in The Guardian. At one point, things got so bad that he found himself hoping he'd die from an undiagnosed medical condition ... that is, until he found out that his dad would then be liable for paying off his student loan debt.
Miller's article seems to have hit a chord among readers. It's not hard to see why when you consider that 44 million borrowers across the U.S. owe a total of more than $1.4 trillion in student loans. Can you relate?
Babies cost a lot—even more than you owe to Sallie Mae. But you don’t have to throw your finances out with the bathwater when you have one.
Lots of people do have kids and debt at the same time, and make it work. And those people aren’t that special. So no, you don't need to pay off your student loans before having a baby.
The short answer: nope.
The long answer goes a little more like nope, in most cases. As of January 1, 2018, if you get your student loan debt discharged due to disability, you won’t be taxed on the discharged amount. This is big news, because prior to then, you would get taxed on that amount.
If AES is your loan servicer, you might have gotten something in the mail from them—and not known what it is. You may even have thought it was a scam. But, in fact, AES is a legit loan servicing company.
It’s not unusual for people to have thousands of dollars in student debt—and not know who their loan servicer is. Here’s some info on AES, loan servicers in general, and how to find out if AES is servicing your student loan.
The short answer: Yes, EdFinancial is legit. They're a student loan servicer—and they might even be your loan servicer. They work with 15 leading U.S lenders, including private banks and state agencies. They also service federal Direct student loans.
But if you weren’t aware of that, you’re not alone. It’s totally possible to have thousands of dollars in student loans, and not know who your loan servicer is—or even what one does. Here’s what you need to know—and how to get the information you need.