Advice to Ignore Student Loan Restart is an Awful Idea
The federal student loan on-ramp minimizes the dangers of missing payments after the repayment restart, but it doesn’t mean borrowers should skip payments.
There is a long list of resources to knock out federal and private student loans. For many borrowers, the ideal approach will be a combination of some of the programs below.
If you are brand new to student loan repayment, this guide is a helpful starting point.
The federal student loan on-ramp minimizes the dangers of missing payments after the repayment restart, but it doesn’t mean borrowers should skip payments.
Many borrowers worry that changing income-driven repayment plans will result in starting from scratch on the path to student loan forgiveness.
A new lawsuit has student loan borrowers nervous. Should there be concern over the future of SAVE and the one-time IDR account adjustment?
Automated yearly income certification will save IDR borrowers money and prevent mistakes with deadlines and timing issues.
Transferring Parent PLUS debt from a parent to child can be an easy move, but it comes with some big risks for the child.
Sticking to old assumuptions and strategies could mean that borrowers miss out on new opportunities to save money on federal student debt.
IDR plans like SAVE could result in borrowers receiving a massive tax bill when their student loans are forgiven.
The new SAVE plan offers considerable savings for IBR, PAYE, and REPAYE borrowers, but care is necessary when enrolling.
If you are thinking about IBR, PAYE, REPAYE, or the new SAVE plan,learning how to calculate discretionary income can help save money on student loan payments.