Am I Going to Regret Aggressive Student Loan Repayment?
Quickly repaying student debt is a great way to save on interest and often the responsible choice, but this strategy does have risks.
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.
Quickly repaying student debt is a great way to save on interest and often the responsible choice, but this strategy does have risks.
Forbearance and deferments don’t usually count towards student loan forgiveness, but the Covid-19 payment pause is an exception.
Tracking down student loan advice usually isn’t hard, but it is really important to verify what you are told.
Yearly income certification trips up many federal borrowers and this problem could easily be avoided by automating the process.
If you are not careful, cosigned student loans can make it harder to get a mortgage and impact the size of your mortgage.
IDR plans like PAYE, REPAYE, and IBR were designed to provide borrowers with affordable payments. For the unemployed, this often means $0 payments.
The Covid-19 student loan relief programs have created many new opportunities for borrowers to eliminate debt.
Streamlining student loan repayment has its advantages, but using a refinance or consolidation for this purpose is asking for trouble.
Options for negotiating with student loan lenders are limited, but there are a few circumstances where it can be done.