Does The SAVE Repayment Plan Actually Save Borrowers Money?

September 11, 2023. Many student loan borrowers are asking, “Does the SAVE Repayment Plan actually save borrowers money?” The short answer is likely “no.” Let’s look at what is going on. While the Biden-Harris Administration is running victory laps as seen in their September 5, 2023, Press Release1 titled, “Biden-Harris Administration Announces More Than 4...

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Making Principal Payments on Student Loans

Making Principal Payments on Student Loans Paying MORE than the minimum payment on your student loan saves you money and helps put you on the path to financial stability. 77% of borrowers Champion surveyed said they were making little progress in paying down their student loans.  There is hope. The key is to know how...

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Top Four Questions Borrowers Are Asking About Student Loan Forgiveness

Since the student loan forgiveness announcement from the Biden Administration on August 24, 2022, our phones have been busy! The borrowers we have spoken with are frustrated with extremely long hold times when they call their servicers to get information or have found that their servicers have changed. As of today, we are also frustrated...

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Higher Education Has Always Been Political

September 1, 2022 by Mary Lyn Hammer, CEO Champion ColEDGE Solutions and Champion Empowerment Institute Education has always been subject to political negotiations over funding. Sadly, education laws are often based on funding and not on what will best educate children. Less than 3% of the federal budget goes to education including preschool through college....

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What You Need to Know About Student Loan Forgiveness and Payment Pause Extension

Student Loan Payments Paused through 12/31/2022 and Loan Forgiveness August 24, 2022 Finally, we know how to budget through the end of the year! Just 7 days before student loan repayment was set to start, the Biden Administration announced today that they extended the payment pause through the end of 2022. That is great news!...

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Will the Student Loan Pause Be Extended Again? (August 16, 2022)

Will the Student Loan Pause Be Extended Again? Truly no one knows! We can say that the number one question student loan borrowers are asking our Champion Student Success Mentors is: "When will I have to start making payments?" We are powerless to answer this question. Why? Because as of August 16, 2022, the Biden...

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