Below you'll find a list of all posts that have been categorized as “Lower Payments”
Article updated 7/11/20 to include the latest interest rate and new customer bonus information. Two of the top names in student loan refinancing are SoFi and CommonBond. Both lenders fall firmly into the fin-tech category of lenders. Borrowers should expect a quick and easy process compared to working with a …
Many student loan borrowers can improve their credit score by consolidating or refinancing their student loans. Unfortunately, not all borrowers see an increase. Some borrowers may see their score drop by consolidating or refinancing. Though federal direct consolidation and private student loan refinancing are very different processes, the impact on …
Phone calls with lenders can be especially stressful. For many borrowers, student loans are by far their biggest debt. Student loan companies, including federal student loans servicers like Navient and MyFedLoan have a well deserved reputation for lousy service. This combination of financial pain and terrible customer service can be …
Making the decision on whether or not to refinance your student loans can be very challenging. On one hand you have the low interest rates offered by the refinance companies, but you are forced to give up federal perks. One of our readers, Brad, is currently facing this dilemma. He …
For those attempting to aggressively eliminate their student loans, asking for lower payments may seem like a step in the wrong direction. However, getting lower payments has a huge advantage… flexibility. That flexibility can be used to eliminate high interest debt and lead to student loan freedom sooner rather than …
Even if you don’t have a job or can’t afford your student loan payments, there are many steps that can be taken to make your debt more manageable. The Student Debt Trap Falling into the trap of ignoring your student loans is easy. You figure you can’t make a payment …
Today’s mailbag question comes from Randy who received a great bonus last year from his employer, but is concerned that last years tax return doesn’t reflect his ability to pay. He fears his Income-Based Repayment calculation will leave him with payments he cannot afford. If you have a question for …
This is something that I often hear, but the truth is, it is rarely the case. Without question, student loans can be really overwhelming. In fact, many borrowers are staring at a mountain of debt that they couldn’t pay off even if they used every dime they made for years. …
With the start of a new year, and new programs in place, now is an important time for all student loan borrowers to make sure that they have dotted every i and crossed every t with their student debt. Overlooking a simple form or not making a couple of phone …
Editor’s Note: This article was originally published September 9, 2015. It has been modified to included updated links to the various resources listed. Realizing that you are in over your head on your student loans is terrifying. Bill collectors may already be calling; or perhaps you got your first statement …
