student loans Archives - Empathic Finance

Secure 2.0: Can you save for retirement while paying off your debt?

Posted by Mike Pumphrey on April 29, 2024 | Featured

I used to believe you couldn’t pay off debt and save for retirement, but new legislation through the Secure 2.0 Act is making me reconsider. … Read More

Tags: legislation, retirement plans, student loans

Why you might get your student loans forgiven now

Posted by Mike Pumphrey on February 26, 2024 | Featured

There is a one-time adjustment happening to certain student loans, but you may have to act fast if you want to qualify. … Read More

Tags: CFPB, student loan consolidation, student loans

How I paid off my $40,000 in student loans

Posted by Mike Pumphrey on August 7, 2023 | Featured

The true story of how I paid off my student loans, and the tricks I used to make it happen more easily and quickly. … Read More

Tags: college, private loans, Sallie Mae, student loans

Is there a connection between student loans and mental health?

Posted by Mike Pumphrey on July 24, 2023 | Featured

A new study proposes how having student loans could be a detriment to your mental health. This seems both obvious and profound. … Read More

Tags: mental health, research, student loans

Student loan cancellation is dead: what now?

Posted by Mike Pumphrey on July 10, 2023 | Featured

The Supreme Court has cancelled student loan cancellation. Here’s what to do now that that particular plan is dead. … Read More

Tags: Joe Biden, student loan forgiveness, student loans, Supreme Court

Was the student loan moratorium bad for borrowers?

Posted by Mike Pumphrey on June 12, 2023 | Featured

It’s hard to argue that the student loan payment moratorium was somehow bad for borrowers. But some economists are still trying. … Read More

Tags: debt, debt payoff, student loans

Sign up for student loan debt relief right now

Posted by Mike Pumphrey on October 24, 2022 | Featured

Student loan debt relief is here, but Republicans are trying to stop it from happening. You should sign up now anyway. In August of this year, President Biden announced that millions of people would be getting some or all of … Read More … Read More

Tags: student loan forgiveness, student loans

Student loan forgiveness is happening: Why it’s amazing (and futile?)

Posted by Mike Pumphrey on August 29, 2022 | Featured

I respond to the recent announcement of student loan forgiveness by the Biden administration. By now you’ve all heard the news: the Biden administration announced a $10,000 reduction in the balances of student loans for some borrowers, and $20,000 reduction … Read More … Read More

Tags: Joe Biden, student loan forgiveness, student loans

This is why you don’t want an adjustable rate mortgage (or private student loans)

Posted by Mike Pumphrey on June 20, 2022 | Featured

An adjustable rate mortgage seems like a good idea, but when interest rates start to rise, you’re going to regret your choice. This past week, the Federal Reserve raised its benchmark interest rate by three-quarters of a percent. The last … Read More … Read More

Tags: mortgage, mortgages, student loans

You paid your student loans. Others won’t. How is that for you?

Posted by Mike Pumphrey on May 2, 2022 | Featured

Hearing of borrowers getting their student loans forgiven can be hard for those who paid all of theirs off, but here’s why it’s good for you. With regularity, there are stories coming out that more and more people are having … Read More … Read More