Pippin Wilbers

Denver

Editor, Personal Loans at Bankrate

Word nerd, fungivore, savior of insects and chronic over-steeper of tea.

Articles

3.6 Million Seniors Have Student Loan Debt. Here's What To Do

3 weeks ago | bankrate.com | Lauren Nowacki |Pippin Wilbers

There are more than 3 million federal student loan borrowers aged 60 and older. The government can garnish Social Security benefits and tax refunds to recoup defaulted-on student loan debt. Older student loan borrowers have options including switching repayment plans, consolidating loans or applying for loan forgiveness. At the age of 65, Lori Stone made her final student loan payment. After paying her student loan debt for 21 years, her loan balance was forgiven.
3.6 Million Seniors Have Student Loan Debt. Here's What To Do

3 weeks ago | bankrate.com | Lauren Nowacki |Pippin Wilbers

There are more than 3 million federal student loan borrowers aged 60 and older. The government can garnish Social Security benefits and tax refunds to recoup defaulted-on student loan debt. Older student loan borrowers have options including switching repayment plans, consolidating loans or applying for loan forgiveness. At the age of 65, Lori Stone made her final student loan payment. After paying her student loan debt for 21 years, her loan balance was forgiven.
Documents For A Fast Business Loan

1 month ago | bankrate.com | TJ Porter |Pippin Wilbers

You will need to provide both personal and business documents to be considered for a fast business loan Providing accurate and complete documents helps avoid delays New businesses may need to submit a business plan If your company needs quick cash, you’ll want to apply for a fast business loan. These loans offer same-day approvals and funding within one to three days. They tend to come from online lenders or other specialized business lenders.
How To Get A Lien Release

1 month ago | bankrate.com | Rebecca Betterton |Pippin Wilbers

A lien is a lender’s legal right to a vehicle and it remains in place until a car loan is fully repaid. It’s best to get a lien removed before finalizing a purchase when buying a used car. When purchasing from a private seller, get a letter from the lender stating that the lien has been released Dealers selling used vehicles should handle clearing up any liens on a car. A lien allows a lender to protect itself if a borrower defaults on a financed vehicle.
How To Use Student Loans For Living Expenses

1 month ago | bankrate.com | Meaghan Hunt |Pippin Wilbers |Emmanuel Nyame

Student loans can be used to cover certain living expenses, but borrowers should use caution in doing so. Creating a budget and discerning wants from needs can help students to minimize debt and comply with borrowing guidelines. Misuse of student loan funds can result in serious consequences, including the future inability to borrow. Part-time employment, scholarships and grant opportunities can help cover expenses in place of student loans and won’t require repayment down the line.
What Can Student Loans Be Used For — Besides Just Tuition? | Bankrate

1 month ago | bankrate.com | Michelle Honeyager |Pippin Wilbers

Lenders typically require that student loan money be used towards school expenses and basic living necessities. Leisure activities and luxury purchases, such as taking a vacation or buying high-end clothing, aren’t valid uses of a student loan and could land you in trouble with your lender. Create a budget and look for ways to cut spending so that you’re only borrowing and paying interest on what you need.
Trump Targets PSLF, Education Department: What To Do

1 month ago | bankrate.com | Lauren Nowacki |Pippin Wilbers

On March 3, the Senate voted to confirm Linda McMahon as the 13th Secretary of Education, a position that oversees federal student aid programs. The same day, the new secretary set out on what she called a “historic final mission,” inviting all department employees to “perform one final, unforgettable public service to future generations of students,” according to an email posted on the department’s website.
What Is An FSA ID And Why Do You Need One?

1 month ago | bankrate.com | Emma Woodward |JBD Clothiers |Pippin Wilbers

Your Federal Student Aid ID (FSA ID) allows you to access federal financial aid via the U.S. Department of Education’s online system. You can only have one FSA ID, which you can create by visiting the Federal Student Aid website. The FSA ID is linked to your Social Security number (SSN) and is considered a valid legal signature. A Federal Student Aid ID (FSA ID) is the credential students and parents can use to access the U.S. Department of Education’s online system.
SAVE Plan Decision Blocks Forgiveness, IDR Access

1 month ago | bankrate.com | Lauren Nowacki |Pippin Wilbers

The 8th Court of Appeals affirmed a lower court’s assertion that the SAVE plan, the most affordable federal student loan repayment plan, is unconstitutional. It also blocked forgiveness under the SAVE, ICR and PAYE plans. The U.S. Department of Education has removed applications for all income-driven repayment plans from its site.
Is A Cosigner Responsible For Car Insurance?

1 month ago | bankrate.com | Kellye Guinan |Pippin Wilbers |Beverly Harzog

Cosigning an auto loan will not usually affect your auto insurance policy or the rates you pay. If you are a cosigner for an auto loan, you are not liable for any accidents or damages caused by the primary borrower. The primary impact to your insurance will be if you are also on the policy that covers the vehicle — or if you are the co-owner. When a family member or friend needs help securing a loan to buy a car, you may be asked to cosign the loan.