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You Can Now Pause 2 Student Loan Payments, But Should You?

Federal student loan borrowers have an opportunity to suspend payments — without incurring interest on them — for 60 days, the Department of Education announced Friday. This policy applies only to federal loans, not to private student loans.

If you want this option, called a forbearance, it will not be automatic — you must request it from your servicer.

Make no mistake: This is a pause on payments, not forgiveness. Your debt will be waiting for you when repayment begins at the end of the two-month forbearance... Read More

Posted by KH Network Credit Union on Mar 25, 2020

Saving for Global Emergencies

Concerns about the spread of coronavirus disease 2019 (abbreviated COVID-19) mean more of us are doing what we probably should have been doing all along: washing our hands more frequently and thoroughly; staying at home when we’re sick; stocking up on food and supplies in case that stay becomes extended.

People who may have been exposed to the new coronavirus or who get sick with COVID-19 may be advised to stay home for as ... Read More

Posted by KH Network Credit Union on Mar 09, 2020

What a Savings Account Can Teach Your Child About Money

It takes more than words to teach a kid how to ride a bike. Not even the clearest explanation of balance or a dazzling visual aid about proper seat height will help when those handlebars start to wobble. The only way a child can get it is to step on the pedals and practice. Learning how to save money isn't much different. Instead of merely telling your son or daughter that saving is important, give him or her a hands-on experience. Just as you'd start your child on a bike with training wheels, consider opening a jointly owned savings account to teach good money habits.

Highlight how ... Read More

Posted by KH Network Credit Union on Feb 05, 2020