Below you'll find a list of all posts that have been categorized as “Mailbag”
In this edition of the student loan plan, we take a look at Lindsey’s private student loan dilemma. On the student loan forums, she shared that she has one loan with an interest rate above 10%. While this rate is outrageously high, it is also surprisingly common. If you want tips …
Many parents may not have been able to help their children fund college while their kids were in school, but as these parents approach retirement, they get a second chance to help pay for school in the form of student loan repayment assistance. One such parent recently emailed us the …
Parent PLUS loans are in many ways the black sheep of the federal student loan system. Federal loans are usually considered to be far superior to private loans, in part because of the great repayment plans and forgiveness programs that are available through the federal government. Unfortunately, many of these …
A reader trying to help her son find student loans to cover the remaining cost of school sent us the following email: My son has taken out subsidized and unsubsidized federal loans, and he has much in scholarship and grant money. He still needs about 14K for the school year. …
Earlier this week I received the following email from a reader: I’m writing because recently I have been trying to consolidate my private loans and have run into a snag: I have too much debt with regard to my income (surprise!). I have excellent credit and make the huge payments …
In this giant mailbag we will be covering a range of student loan questions: everything from Cost of Attendance issues to the timing of an Income-Driven Repayment Plan request. We also have a few Public Service Loan Forgiveness questions to cover as well. If you have a question for the …
In today’s Ask the Sherpa, we hear from a reader who is paralyzed by her massive federal student loan debt and feels like she had no hope of ever paying it off or retiring. To help with the hopelessness of the situation, we will take a look at the worst …
This week we received an email from Dave, who is in a “quasi-public instrumentality” job. Dave has done some research and wants to know if his employer is eligible for Public Service Loan Forgiveness (PSLF). Today we will discuss how to determine PSLF employer eligibility and specific steps to take. …
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 …
Most student loan borrowers know that federal government student loans can be forgiven after 10 years of Public Service Employment. Unfortunately, there is some fine print that borrowers should understand. In this edition of the Sherpa Mailbag, we will take a look at Gene’s question about what is required for …
