The Education Department’s settlement of a 2024 lawsuit is approved by a federal appeals court, officially ending the income-driven SAVE repayment plan and requiring approximately 7 million enrolled borrowers to move into  a different repayment program. Go to IDR Plan Court Actions: Impact on Borrowers | Federal Student Aid for the latest. For more information on the One Big Beautiful Bill Act and what it means for student loans, visit SoFi’s Student Debt Guide.

Kayla McCormack

About the Author

The latest articles from Kayla McCormack

Credit

Can You Get a Student Loan With Bad Credit?

Kayla McCormack | September 03, 2026

Budgeting & Goals

Examining the Price of Eating at Home vs Eating Out

Kayla McCormack | August 31, 2026

Debt Payoff

What is the Minimum Student Loan Payment?

Kayla McCormack | August 28, 2026

Debt Payoff

Student Loan Deferment: Can You Defer Student Loans?

Kayla McCormack | August 25, 2026

Debt Payoff

What is a Student Loan Refund Check?

Kayla McCormack | August 25, 2026

Fresh Out of School

Student Loan Terms: How Long Are Student Loans?

Kayla McCormack | August 17, 2026

Fresh Out of School

How Long Do You Have to Pay Off Student Loans?

Kayla McCormack | August 06, 2026

Debt Payoff

What Happens If You Default on Student Loans?

Kayla McCormack | July 30, 2026

Fresh Out of School

How Do Private Student Loans Work? What to Know

Kayla McCormack | June 05, 2026

Going to College

Community College vs University: Key Differences, Pros, and Cons

Kayla McCormack | June 05, 2026

Fresh Out of School

Fixed vs Variable Student Loans: How to Choose

Kayla McCormack | May 08, 2026

Student Loans

A Complete Guide to Student Loans for Studying Abroad

Kayla McCormack | May 07, 2026

Student Loans

How to Transfer Colleges: A Step-by-Step Guide

Kayla McCormack | May 07, 2026

Debt Payoff

What Is the APR for Student Loans and How Is It Calculated?

Kayla McCormack | March 24, 2026

Debt Payoff

Ace Your Student Loans With The Ultimate Loan Terminology Cheat Sheet

Kayla McCormack | March 24, 2026

Going to College

What Is the Hardest Year of High School?

Kayla McCormack | March 19, 2026

Student Loans

Private Student Loans vs Federal Student Loans

Kayla McCormack | March 18, 2026

Building Your Career

Law School Applications: Overview and Timeline

Kayla McCormack | March 11, 2026

Debt Payoff

Statute of Limitations on Debt: Things to Know

Kayla McCormack | February 24, 2026

Budgeting & Goals

Guide to Using a Personal Cash Flow Statement

Kayla McCormack | February 19, 2026

Family Finances

What Percentage of Parents Pay for College?

Kayla McCormack | February 02, 2026

Fresh Out of School

Should I Refinance My Federal Student Loans?

Kayla McCormack | February 02, 2026

Budgeting & Goals

How to Pay for Grad School

Kayla McCormack | January 23, 2026

Fresh Out of School

What Is the Average Amount of Student Debt for College Graduates in 2026?

Kayla McCormack | January 21, 2026

Student Loans

How a Master Promissory Note (MPN) Works

Kayla McCormack | January 21, 2026

Debt Payoff

Is It Better to Pay Off Debt or Save Money?

Kayla McCormack | January 16, 2026

Student Loans

What a Merit Scholarship Is & How to Get One

Kayla McCormack | December 19, 2025

Debt Payoff

Can You Refinance Student Loans Without a Degree?

Kayla McCormack | December 17, 2025

Student Loans

Private vs. Public College: The Pros & Cons of Both

Kayla McCormack | December 15, 2025

Going to College

Is Community College Worth It?

Kayla McCormack | December 15, 2025

Credit

What Is a Personal Line of Credit & How Do You Get One?

Kayla McCormack | December 14, 2025

Student Loans

Finding & Applying to Scholarships for Grad School

Kayla McCormack | December 14, 2025

Budgeting & Goals

Getting a Personal Loan While Self-Employed: How to Apply

Kayla McCormack | December 12, 2025

Going to College

What Is the Cost of Attendance in College?

Kayla McCormack | December 07, 2025

Student Loans

What Is a Pell Grant?

Kayla McCormack | November 18, 2025

Student Loans

Are Student Loans Worth It?

Kayla McCormack | October 31, 2025

Life & Career

Filling Out FAFSA for Divorced Parents

Kayla McCormack | October 16, 2025

Debt Payoff

Applying for a Student Loan Cosigner Release

Kayla McCormack | September 13, 2025

Fresh Out of School

Common Student Loan Servicers

Kayla McCormack | September 11, 2025

Life & Career

Guide to Transferring Law Schools

Kayla McCormack | September 06, 2025

Debt Payoff

FAFSA Tips and Mistakes to Avoid

Kayla McCormack | August 28, 2025

Budgeting & Goals

Saving for College in High School

Kayla McCormack | August 28, 2025

Budgeting & Goals

Student Loan Information for High School Students

Kayla McCormack | August 27, 2025

Budgeting & Goals

What Percentage of Your Income Should Go to Student Loans?

Kayla McCormack | August 20, 2025

Debt Payoff

Do Part-Time Students Have to Pay Back Student Loans?

Kayla McCormack | August 20, 2025

Fresh Out of School

What Happens if I Miss a Student Loan Payment?

Kayla McCormack | August 20, 2025

Fresh Out of School

What Is the Maximum Student Loan Amount for a Lifetime?

Kayla McCormack | July 29, 2025

Building Your Career

Finding Jobs That Pay Off Student Loans

Kayla McCormack | July 22, 2025

Student Loans

In-State Tuition: A Look at Establishing Residency

Kayla McCormack | July 19, 2025

Budgeting & Goals

11 Ways to Make College More Affordable

Kayla McCormack | July 19, 2025

Budgeting & Goals

Tips for Finding a Lost Bank Account

Kayla McCormack | July 11, 2025

Student Loans

Keeping in Touch With Your College Student

Kayla McCormack | July 11, 2025

Student Loans

College Freshman Checklist for the Upcoming School Year

Kayla McCormack | July 11, 2025

Debt Payoff

What to Do After You Graduate From Law School

Kayla McCormack | July 03, 2025

Debt Payoff

4 Student Loan Repayment Options — and How to Choose the Right One for You

Kayla McCormack | July 02, 2025

Student Loans

Your Parent PLUS Loan Was Denied. Now What?

Kayla McCormack | June 27, 2025

Debt Payoff

Guide to Parent Student Loans

Kayla McCormack | June 26, 2025

Debt Payoff

Can a Parent PLUS Loan Be Transferred to a Student?

Kayla McCormack | June 18, 2025

Debt Payoff

Refinancing Student Debt With a Cosigner

Kayla McCormack | June 05, 2025

Fresh Out of School

Student Loan Consolidation Rates: What to Expect

Kayla McCormack | June 05, 2025

Student Loans

Parent PLUS Loans vs Private Parent Student Loans for College

Kayla McCormack | May 27, 2025

Going to College

Can You Get Student Loans for Community College?

Kayla McCormack | May 25, 2025

Family Finances

Should You or Your Child Take Out a Loan for College?

Kayla McCormack | May 22, 2025

Budgeting & Goals

What Are College Tuition Payment Plans and How Do They Work?

Kayla McCormack | May 21, 2025

Going to College

Do I Need a Student Loan Cosigner? A Guide

Kayla McCormack | May 20, 2025

Going to College

Ways to Avoid Student Loan Fees

Kayla McCormack | May 20, 2025

Student Loans

How to Apply for Student Loans

Kayla McCormack | May 19, 2025

Student Loans

Complete Guide to Parent PLUS Loan Eligibility Requirements

Kayla McCormack | May 15, 2025

Debt Payoff

Paying for College Without Parents’ Help

Kayla McCormack | May 14, 2025

Student Loans

What Is a Federal Direct Subsidized Loan?

Kayla McCormack | May 08, 2025

Student Loans

How to Get a Student Loan

Kayla McCormack | May 08, 2025

Life & Career

Helping Your Child with Homesickness in College

Kayla McCormack | May 02, 2025

Going to College

Navigating Your Financial Aid Package

Kayla McCormack | February 12, 2025

Life & Career

Trade School Costs Need to Knows

Kayla McCormack | January 03, 2025

Fresh Out of School

Understanding and Avoiding Student Loan Scams

Kayla McCormack | January 02, 2025

Student Loans

Going Back to School at 30

Kayla McCormack | December 14, 2023

Debt Payoff

Can You Use a Credit Card to Pay Your Student Loans?

Kayla McCormack | October 16, 2023

Debt Payoff

How to Get Out of Student Loan Debt: 6 Options

Kayla McCormack | September 12, 2023

Fresh Out of School

All You Need to Know About Student Loans for International Students

Kayla McCormack | October 04, 2022

Debt Payoff

5 Things to Do to Manage Your Student Loans in 2023

Kayla McCormack | September 26, 2022

Student Loans

9 Things to Consider When Selecting a Student Loan

Kayla McCormack | August 24, 2022

Going to College

How to Get Merit Aid From Colleges

Kayla McCormack | August 24, 2022

Debt Payoff

Can You Roll Your Student Loans Into Your Mortgage?

Kayla McCormack | April 14, 2022

Debt Payoff

7 Easily Avoidable Mistakes When Choosing (or Removing) a Student Loan Cosigner

Kayla McCormack | January 24, 2022

Fresh Out of School

How To Avoid Student Loan Forgiveness Scams

Kayla McCormack | January 18, 2022

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