Sherpa Tip: Talk to Your Lender by Email
Email isn’t just convenient. Sticking to email communication increases lender accountability.
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.
Email isn’t just convenient. Sticking to email communication increases lender accountability.
Lower payments free up cash to attack high-interest student debt. The same monthly spending can put a bigger dent in your debt.
Retroactively fixing Public Service Loan Forgiveness issues would be great, but outside of one limited program, options are limited.
Switching from IBR to REPAYE has major benefits, but some couples will need to do some math to find the best option.
Lenders have made cosigning on student loans a routine practice, but cosigning any loan is a risky decision with major consequences.
Marriage can change the math on student loan forgiveness. In some cases, shifting to an aggressive repayment strategy is better than sticking with Public Service Loan Forgiveness.
I have concerns about Mint security, but it is very useful at tracking my budget and my progress towards student loan elimination.
After nearly a decade of helping borrowers with their student loans, these are my favorite strategies to eliminate debt.
Any fix to the the student loan crisis will impact many different groups in different ways. Some will gain and some will lose.