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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 …
The rejection rate for Public Service Student Loan Forgiveness is a horrifying 99%. Some of the problems that lead to rejection can be easily fixed, while others are far more complicated. Issues with Federal Family Education Loan Program or FFEL loans are among the most serious because there is no …
Most student loan borrowers realize that paying extra towards their debt will get the loans paid off faster. What many people fail to realize is the dramatic difference that just a little bit extra can make. This dramatic difference is especially true for people who are making minimum payments. Borrowers …
It is hard to overstate the importance of deciding between aggressively paying off your student loans through refinancing or waiting for student loan forgiveness. Doctors, lawyers, and many other professionals with graduate degrees often have well over $100,000 in federal student loans, and the wrong decision could cost thousands of …
Public Service Student Loan Forgiveness is a much-discussed topic, but very rarely are all the necessary details covered. Getting the government to forgive your student loan debt requires close attention to detail. Failure to meet any requirement could be a costly mistake. With news of a high rejection rate, many …
Conversations with student loan servicers are high stakes. Signing up for the wrong repayment plan could cost you thousands in the long run. Thinking you are eligible for a program when you are not could cost you tens of thousands. Getting quality information about your student loans is critical. Unfortunately …
Refinancing your student loans is a major financial commitment. One thing that people often don’t realize is that refinancing is not an all or nothing proposition. Borrowers do not have to refinance all of their student loans together. Student loan refinance lenders will allow borrowers to choose the specific loans …
Article Updated October 1, 2019, to reflect the latest available interest rate information. With well over a trillion dollars in student loan debt in the United States, it is no surprise that new lenders continue to pop up in the refinance marketplace. Finding the lender offering the lowest interest rates …
The grace period for most federal student loans is six months. Many private lenders also give borrowers six months before repayment begins. At the end of these six months, many borrowers are confronted with an unfortunate reality… student loan bills. Sadly, for many recent graduates six months is not enough …
