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 …

refinance student loans more than once mulitple times

Can I Refinance My Student Loans Mulitple Times?

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

There is no limitation on the number of times you refinance you student loans.  Refinancing more than once can be a smart strategy.  However, there is a downside that borrowers should understand if they are thinking about going this route. Advantages of Multiple Refinances The biggest advantage to refinancing your …