Author: administración

Federal student loan borrowers wanting to enroll in the Pay As You Earn (PAYE) plan as their next move after SAVE may have a much narrower window to enroll than expected.New regulations released last week (PDF File) and set to take effect on July 1, 2026, impose conditions on PAYE enrollment that could lock out a large share of borrowers — including many who are about to be pushed off the SAVE plan this summer. PAYE was already scheduled to be phased out entirely by July 2028, but borrowers not enrolled in the plan may have a limited to to…

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Here is a question worth sitting with: which is actually harder to achieve, a top 1% income or a top 1% net worth? Most people assume income. The number sounds impossibly high, the competition sounds brutal, and the lifestyle of someone earning that kind of money seems reserved for a different species entirely. But after pulling my Social Security earnings record recently and thinking carefully about how wealth actually compounds over time, I have come to a different conclusion. A top 1% net worth is roughly ten times more achievable than a top 1% income. And understanding why changes how…

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Key PointsThe credit union private student loan market splits into three models: credit unions that originate their own loans, credit unions that fund loans through a fintech platform, and credit unions that simply refer members to outside marketplaces.Two networks (LendKey and Student Choice) power most credit union private student lending in the U.S. Student Choice alone connects borrowers to over 200 credit unions.Some well-known names, including PenFed, are no longer originating their own student loans at all, but rather partnering with other companies. When federal aid runs out, college families are often pointed toward credit unions as a “safer” or…

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