income driven repayment without IRS Data Retrieval

How I Recertified My Income-Driven Repayment Without the IRS Data Retrieval

Michael Lux Blog, News, Strategy, Student Loans 0 Comments

A large percentage of federal student loan borrowers are currently enrolled in an income-driven repayment plan.  Unfortunately for these borrowers, the annual re-certification process just got more complicated.  In the past borrowers just went to the Federal Student Aid’s Website for Income Driven Repayment Requests.  The form was fairly simple, …

FedLoan Servicing myfedloan lower interest rate

Getting a Lower Interest Rate from FedLoan Servicing (MyFedLoan)

Michael Lux Blog, Lower Payments, Strategy, Student Loans 0 Comments

FedLoan Servicing, often called MyFedLoan, is one of the largest servicers of federal government student loans.  In addition to being one of the biggest federal loan servicers, they have a reputation for being one of the worst.  Unfortunately, this makes getting answers to some of the most basic questions difficult. …

income driven repayment plans IBR PAYE REPAYE

IBR, PAYE and REPAYE: How to pick the best Income-Driven Repayment Plan

Michael Lux Basics, Blog, Strategy, Student Loans 0 Comments

There are four different income-driven federal repayment plans.  Pay As You Earn (PAYE) and Revised Pay As You Earn (REPAYE), offer the lowest monthly payments.  However, plans like Income Based Repayment (IBR) and Income Contingent Repayment (ICR) may be the best choice due to eligibility requirements and tax considerations. The …