Paying $0 Per Month On Your Student Loans
A zero-dollar monthly payment may seem like a scam or too good to be true, but it is a reality for some federal student loan borrowers.
Latest Posts in Repayment Plans
Will Signing Up For IBR, PAYE or REPAYE Help My Credit Score?
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.
Are $0 PAYE and IBR Payments Too Good To Be True?
Qualifying for $0 per month payments on federal student loans almost sounds too good to be true. This is one case where federal loans are legitimately awesome.
Advanced Income Based Repayment (IBR) Strategy
PAYE and REPAYE are better options for many borrowers, but there are times when IBR offers the lowest monthly payment and the fastest path to debt freedom.
The Dangers of Switching to REPAYE
REPAYE offers lower payments to many student loan borrowers, but there are some dangers associated with making the switch to REPAYE.
Understanding Income-Based Repayment (IBR)
Income-Based Repayment (IBR) is one of the most popular federal repayment plans. IBR can lower monthly bills and qualify for student loan forgiveness.
IBR, PAYE, and REPAYE Calculations for Multiple Loans and Multiple Lenders
If you have multiple federal student loans or you are stuck with more than one federal servicer, the Income-Driven Repayment math might seem complicated. Fortunately, it is pretty easy.
Graduated and Extended Repayment Plans – Useless Relics
The graduated and extended repayment plans offer lower payments than the standard repayment plan. However, these older-style plans don’t match up to more recent repayment plan offerings.
Lowering the monthly payments on your Federal Student loans
Federal student loans come with many borrower protections to lower monthly payments. Refinancing is also an option, but it comes with major risks.