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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 …
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 …
