Selecting Your First Student Loan Repayment Plan: Tips and Strategy
Choosing the right federal repayment plan might seem overwhelming, but finding the best option usually isn’t very difficult.
Choosing the right federal repayment plan might seem overwhelming, but finding the best option usually isn’t very difficult.
The new SAVE plan is getting phased in, meaning payments today will be slightly different than payments starting in July. This calculator estimates both numbers.
All student loan payments are not created equal. If you make an extra payment toward your debt, make sure it goes as far as possible.
In most cases, waiting for the newest IDR repayment plan to be available is a mistake. Delays offer few advantages and come with significant disadvantages.
There is a lot to like about the proposed new IDR plan, but a closer inspection shows some room for improvement.
Changes in monthly IDR bills are common. Several different possibilities could explain the increase.
IDR plans have a ton of borrower-friendly features, including student loan forgiveness. However, they have some flaws that all borrowers should understand.
Joe Biden’s new Income-Driven Repayment plan would result in many borrowers indefinitely paying 0% interest on their federal loans.
Income-Driven Repayment plans like IBR, PAYE and REPAYE are the best choice for just about every student loan borrower.