Saving for Retirement, Lowering Payments, and Increasing Forgiveness

Michael Lux Student Loan Blog, Taxes 0 Comments

Saving for retirement might seem unrelated to student loan payments and debt forgiveness. Fortunately for many borrowers, it is possible to set money aside for retirement and eliminate student debt. In fact, saving for retirement can make it easier to repay federal student loans. The Connection Between Retirement Contributions, Monthly …

consequences of student debt on mortgage applications

6 Ways to Fix Student Loan Debt on Mortgage Applications & Buy a Home

Michael Lux Living with Student Loans, Student Loan Blog 0 Comments

Student loan borrowers can buy a house, but student debt can make qualifying for a mortgage difficult. Student loans affect a mortgage applicant’s debt-to-income ratio and credit score. Mortgage underwriters have historically been hard on income-driven borrowers, but things are getting better. Student loan refinancing and other strategies may minimize …

getting a mortgage on IBR

IBR, PSLF, and Mortgages… Oh My! How to buy a house and chase forgiveness.

Michael Lux Buying a House, Student Loan Blog 8 Comments

Editors Note: This article was originally published on January 21st, 2018. It has been modified to include updated links to various federal student loan resources. In this edition of the student loan plan, we take a deep dive into one reader’s student loan situation. User Vickim34432 came by the student loan …