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I recently received two letters in the mail promising “total loan forgiveness,” lower interest rates, and $0 per month student loan payments. The company behind the letters did a good job making them appear to be legitimate. They knew my total federal balance, they had my name and address, and …
Article updated January 6, 2020, to reflect the latest interest rate information. When this site first reviewed SoFi back in March of 2014, readers wanted to know if SoFi was legitimate and how student loan refinancing worked. Over the years, refinancing has become far more common, and SoFi has grown …
Student loan repayment can get complicated for married couples. If you are on an income-driven student loan repayment plan, such as IBR or PAYE, how you file your taxes can have a huge impact on your monthly payments. File jointly, and your spouse’s income affects how much you pay. However, …
Article Updated January 5, 2020, to reflect the latest available interest rate information and a new customer promotion of up to $500. One of the newer names to enter the student loan refinance marketplace is Splash Financial. Splash Financial first entered the student loan refinance business as a lender focusing …
Any parent with a child about to head off to college should be concerned about student debt. Used properly, student loans are an excellent tool for further educational opportunities and to build a better future. Used improperly, student loans are a recipe for financial hardship. Student loans are easy to …
Article updated November 7, 2019, to include the latest interest rate information. For the past five years, Laurel Road has been one of the top student loan refinance lenders. Laurel Road has built its reputation on being a top choice for healthcare professions, especially doctors, optometrists, and dentists. However, we …
Private student loans should come with a warning label. For many borrowers, student loans are a necessary tool in the pursuit of the American dream. Used properly, student loans can be an excellent investment in the future. The problem with student loans is that things don’t always go as planned. …
One of the most frustrating aspects of student loan debt is that interest eats up large portions of your monthly payment. Interest can be so bad that in some cases, the monthly interest is larger than the monthly payment. Borrowers facing high interest rates may never miss a payment and …
The Pay As You Earn repayment plan is the federal student loan repayment plan that has the lowest required monthly payments for most borrowers. It also is the plan that has the best student loan forgiveness program. Pay As You Earn (PAYE) requires borrowers to pay 10% of their discretionary …
Repaying federal student loans may seem impossible. Maybe you don’t have a job, or perhaps the bill seems far too high. Overwhelmed borrowers often make the mistake of ignoring their student loans and fall into delinquency or default. Unemployment or underemployment does not have to get in the way of …
