The Four Big Risks when Planning for Student Loan Forgiveness
Chasing after student loan forgiveness is a great way to eliminate debt, but it comes with some major risks.
Chasing after student loan forgiveness is a great way to eliminate debt, but it comes with some major risks.
Student loans make early retirement an even bigger challenge, but it is still possible for borrowers to aggressively save for retirement.
Loan servicers like to suggest deferments for struggling borrowers, but this suggestion is often good for the lender and bad for the borrower.
Borrowers should pay close attention to the specific terms of their student loan refinance agreement.
All student loan borrowers should have some money set aside in an emergency fund.
Extra income can mean a higher IDR monthly payment, but there are ways to make sure a temporary or limited increase doesn’t mean a higher student loan bill.
Many finance “experts” call student loans a form of “good” debt. This line of thinking is both outdated and dangerous.
Serving your community may come with many student loan perks like repayment assistance and public service student loan forgiveness.
Citizens Bank offers one of the better in-school student loans, but there are several risks that borrowers should understand before signing up.