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.
Latest Posts in Repayment Plans
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.
Mega-Mailbag: PSLF Issues and Income-Driven Repayment Considerations
Today’s huge mailbag covers several different IDR issues and mixes in some Public Service Loan Forgiveness questions as well.
Steps to Take When Federal Student Loan Interest Grows Out of Control
Interest on federal student loans can be a major issue, but there are resources available to keep this expense in check.
When Income-Driven Repayment Plans Like IBR, PAYE and REPAYE are a Mistake
IDR plans are usually the best choice for many student loan borrowers. However, there are times when opting for another plan is the best option.
Student Loan Plan: Moving from IBR to REPAYE
Switching from IBR to REPAYE has major benefits, but some couples will need to do some math to find the best option.
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.
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.