SafeAmerica Credit Union

student loan

• By Lisa

Webinar: Time to Prepare for Student Loan Payments to Resume

After more than three years on pause, federal student loan payments are now required by Congress to resume this fall. The Supreme Court also rejected the forgiveness plan announced in late 2022, leaving many people who were counting on reduced or forgiven balances scrambling to prepare for payments to resume.

Join us to learn what actions to take now to prepare for payments to resume in October, as well as what to do if you’re concerned about making payments. Learn about the different repayment plans available, including the new SAVE repayment plan, and how to decide what option is best for you.

Click through each tab below to learn more.

Who Should Attend

  • Anyone with federal student loans 
  • Anyone who is concerned about resuming student loan payments
  • Anyone who provides guidance to someone with federal student loans

What You Will Learn

  • Steps to take now in preparation for student loan payments to resume
  • Factors to consider when choosing a repayment plan
  • What to do if you are worried about affordability of payments

Details

Date: Tuesday, August 15, 2023

Time: 5:00 PM PST

If you are unable to attend this webinar, you can register and a link with a recording will be sent out to all registrants after the webinar.

Register Now

This free, webinar is presented by GreenPath Financial Wellness

• By Lisa

Cumpla El Sueño De Comprar Una Casa – Achieve Your Dream of Owning A Home – Free Webinar

El webinar sera alojado en espanol.

¿Sueña de comprar una casa para usted y su familia? Permítanos ayudarle a conocer mejor el sistema y a como navegarlo con confianza. Sin importar donde se encuentre en el proceso nosotros le ayudaremos para adquirir la casa que siempre ha deseado.

Do you dream of buying a home for you and your family? Let us help you to better understand the system and how to navigate it with confidence. We’ll help you figure out where you are in the process and help you to purchase the home you’ve always wanted.

¿Quién Pudiera Atender? (Who Should Attend)

  • Primeros compradores. First-time homebuyers.
  • Quien no haya comprado una propiedad recientemente. Those who haven’t bought a home in a while.
  • Aquellos que ofrecen orientación en el proceso de comprar casa. Those who are supporting homebuyers in the process.

Lo Que Aprenderá (What You Will Learn)

  • Los pasos que necesita para adquirir una propiedad. The necessary steps to buy a property.
  • Los básicos del financiamiento y el proceso de aplicación. The financial basics and the application process.
  • Lo que uno puede esperar ya que habite la propiedad. What you can expect once you buy the property

Detalles

Fecha: Wednesday, September 13, 2023

Tiempo: 3:00 PM PST

Presentado por:

  • Bilingual Spanish Program Design Leader Deborah Green
  • Bilingual Partner Experience Manager Lauren Simon

¿No puede llegar a la hora del webinar? Can't make the webinar time?

¡No hay problema! Regístrese de todos modos y le enviaremos el webinar grabado. No worries! Register anyway, and we’ll send you the recorded webinar.

Regístrese Hoy!

Este webinar es gratis y presentado por GreenPath Financial Wellness

• By Lisa

Paying for College: Dealing With the Student Loan Crunch

Reportedly, student loan debt is at an all-time high and only continues to grow. It’s a sobering fact, especially considering that most students headed to college need some kind of financial assistance. The good news is you decrease your chance of taking on crippling debt or defaulting when you keep yourself informed about the ins and outs of student loans.

Finding financing

Due to the high cost of college tuition many families are unable to pay for college with savings alone. Traditionally, student loans have provided an important avenue in allowing students to be able to go to college. Even though paying for school may seem like a daunting task, there are several steps you can take to find financing:

  • Talk to your school’s financial aid office. Employees at financial aid offices are trained to help people find financing for school and have dealt with many others in the same situation as you. Ask them what lenders still offer student loans and what your other options for funding are.
  • Look for scholarships and grants. It is a good idea to look for scholarships and grants regardless of how easy it is for you to find student loans. Why borrow when you do not need to? High school guidance counselors and college financial aid offices usually have information on available scholarships and grants. Information is also available at www.finaid.org.
  • Consider a home equity line of credit or loan. For parents with a significant amount of equity in their homes this may be a good way to help finance college. Interest rates are usually fairly low, and the interest is tax deductible as well. However, it is important for those considering this option to remember that home equity lines and loans are secured debt. You could lose your home if you do not make payments.
  • Stay informed. It seems that the laws surrounding student loans change every few years. Watching or reading relevant stories in the media will help you to be better aware of what your options are and what new opportunities are created.

Preparing for the future

For parents, the current student loan crunch demonstrates why it is a good idea to save for college. Even if student loans are readily available when your children go to college, saving allows them to rely less on loans, which they will need to pay back after they graduate. If you are saving for college take advantage of available tax-saving vehicles.

For example, 529 Plans, Coverdell Educational Savings Accounts, and Series EE Savings Bonds (issued by the Department of the Treasury) allow you to invest savings for college and not pay taxes on earnings, as long as the funds are used for qualified education expenses.

College tuition is high, and paying for college is often not an easy task. However, there are several options for funding available, and being well informed can help you prepare for and manage this cost.

SafeAmerica Credit Union offers private student loans.  Let us finance your education or refinance your current student loan and save money!


Learn More About SafeAmerica Student Loans

• By Lisa

Strategies to Make College More Affordable

With the price of college still on an upward trajectory, families are looking for ways to make higher education affordable.

According to “How America Pays for College,” a report by Sallie Mae, the average American family spent $23,757 on college costs in 2017.

Here are some ways families are reducing their college costs:

  • Live at home.

    The report found 50% of students live with their parents or relatives.

  • Cut the pricey top picks.

    Nearly 70% of families eliminated colleges during the application process due to their high price tags, up from 58% in 2008. About 73% are choosing an in-state school.

  • Take a student job.

    At least 76% the students surveyed reported planned to work while in college, with 55% working year-round.

  • Finish quicker.

    Nearly 26% of students enrolled in accelerated courses while in high school to pay for fewer semesters in college.

  • Use grants and scholarships.

    Families reported covering about 35% of their school bills with grants and scholarships—the biggest portion of their payment sources. About 87% of these scholarships come from the schools.

  • Start a college-savings plan.

    In 2016-17, 13% of families used the 529 tax-advantaged college-savings plan, with an average amount of $10,031.

SafeAmerica Credit Union can help.

We're your local credit union and we're here to help.  Did you know SafeAmerica Credit Union offers affordable student loans?  Let us finance your education or refinance your current student loan to save you even more money.  We also award 5 lucky winners a $1,000 college scholarship each year with our annual college scholarship program.  Submit your essay today for a chance to win.


Learn More About Student Loans


Learn More About Scholarships

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