Partial Loan Forgiveness Could be the Next Big Student Loan Policy Change
Relief could be coming for borrowers facing out of control student loan balances.
Relief could be coming for borrowers facing out of control student loan balances.
Borrowers reports of serivcer mistakes show that the repayment restart isn’t going as planned.
Getting married doesn’t mean payments will double for couples who both have student loans, but payments may still go up.
Options to speed up student loan forgiveness by paying extra are limited.
Before borrowers embark on student loan payment strikes, they should consider their strategy’s potential effectiveness and other available options.
Borrowers on the extreme ends of the income spectrum won’t struggle when federal student loan repayment resumes. The borrowers in the middle are a different story.
For graduate borrowers, SAVE isn’t always the best student loan repayment plan. Some people might be better off with quicker forgiveness on PAYE or IBR.
There are many different federal repayment plans and each option comes with unique advantages and disadvantages.
The newest federal repayment plan makes refinancing a bit more risky for borrowers.