Identifying the Stakeholders in Solving the Student Loan Crisis
Any fix to the the student loan crisis will impact many different groups in different ways. Some will gain and some will lose.
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.
Any fix to the the student loan crisis will impact many different groups in different ways. Some will gain and some will lose.
When is chasing PSLF more expensive than refinancing and paying off your loan aggressively? Where is the break-even point?
Scholarships are a great way to pay for school but they are mostly non-existent to help pay student loans after school. However, help is available for persistent borrowers.
The credit score impact of enrollment in IDR plans like PAYE, IBR and REPAYE is usually minimal, but it can be a huge help in certain circumstances.
Law school is expensive, but there are a ton of resources to help government lawyers manage their student loan debt.
Loan servicers make all sorts of mistakes, including calculating payments wrong. Sometimes this issue is an easy fix. Sometimes it is a challenge to correct.
Converting private student loans from lenders like Navient and Sallie Mae into a federal student loan eligible for forgiveness would be great. Unfortunately, this move is really hard to accomplish.
Minimum wages don’t go nearly as far as they used to, but they can still make a difference for college students trying to limit debt.
Interest rates going up on a variable-rate loan can be frustrating. However, there are ways to avoid this particular student loan headache.