Who is to Blame for the Servicing Mess at Mohela, Nelnet, and Others?
The federal student loan repayment restart has been a mess, and there is plenty of blame to go around.
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 repayment restart has been a mess, and there is plenty of blame to go around.
Relief could be coming for borrowers facing out of control student loan balances.
Borrowers reports of serivcer mistakes show that the repayment restart isn’t going as planned.
Enrolling in the new SAVE plan can mean extra help from the government on your student loan interest.
Options to speed up student loan forgiveness by paying extra are limited.
Borrowers on the extreme ends of the income spectrum won’t struggle when federal student loan repayment resumes. The borrowers in the middle are a different story.
Qualifying for a SAVE subsidy gives borrowers an opportunity to get creative with their debt elimination strategy.
For graduate borrowers, SAVE isn’t always the best student loan repayment plan. Some people might be better off with quicker forgiveness on PAYE or IBR.
Federal student loans resume charging interest on September 1, 2023.