Belco Community Credit Union

The average undergraduate student now graduates with nearly $25,000 in debt. Under an unprecedented student loan forgiveness plan announced by the White House, millions of Americans could have all or some of their outstanding student loan debt to the federal government erased. Let’s take a look at how student loan forgiveness could affect your school loans and some smart ways that you could use the extra money in your pocket if all or part of your federal loans are forgiven. What Is Student Loan Forgiveness 2022? The student debt relief plan announced by President Joe Biden aims to ease the burden of the almost $1.6 trillion in federal student loan… read more »

Home prices are rising across the U.S. along with interest rates and the cost of living. But it’s not all bad news. When the market value of your home increases, the amount of home equity you have goes up with it.  You can then use your home equity to fund improvements (or anything else!), which will increase the value of your home even more. Read on to find out everything you need to know about the current housing market and how it impacts your home equity. What Is Home Equity? Home equity is the difference between what your home is currently worth and what you owe on your mortgage. Here’s… read more »