Meet the Worst Federal Student Loan Repayment Plan
The worst federal student loan repayment plan has high monthly payments, no forgiveness options, and makes it harder to buy a home.
Latest Posts in Repayment Plans
Opinion: It is Time for the Government to Automate Income-Driven Repayment Certification
Yearly income certification trips up many federal borrowers and this problem could easily be avoided by automating the process.
Can I sign up for IBR, PAYE or SAVE if I don’t have a job?
IDR plans like PAYE, REPAYE, and IBR were designed to provide borrowers with affordable payments. For the unemployed, this often means $0 payments.
When is it time to give up on Income-Driven Repayment Plans like IBR, PAYE, and REPAYE?
Income-driven repayment plans are usually the best option for federal borrowers, but some circumstances justify a change in strategy.
Biden Student Loan Plan Offers More Hope for Borrowers
Biden isn’t calling for student loan forgiveness for all, but he does want to make some major changes to life with student loan in the United States.
Can a Bonus, Overtime Hours or a Raise Increase Student Loan Payments?
Extra income can mean a higher IDR monthly payment, but there are ways to make sure a temporary or limited increase doesn’t mean a higher student loan bill.
Can I pay more than the minimum on my IBR, REPAYE or PAYE payment plan?
In some cases it is smart to make extra student loan payments. Other times, paying more than the minimum is a waste of money.
How to Lower IDR Federal Student Loan Payments if Your Income Drops
Recalculating income-driven federal student loan payments can be done at any time and the process can save borrowers a ton of money.
Loan Payoff Date When Switching Repayment Plans
Loan payoff date calculations get complicated for borrowers switching to Income-Driven Repayment plans like REPAYE.