Below you'll find a list of all posts that have been tagged as “how to guides”
When I finished college, my first job paid $15 per hour. Repaying student loans seemed impossible. I knew I wasn’t going to be one of those people who eliminated their student debt in mere months. I was worried that I might never be able to pay back my loans. Fortunately, …
With each passing year, paying for college becomes more difficult. High tuition prices have made getting a degree without debt nearly impossible. For many students, the target is to get a degree with minimal student debt. Leaving school with affordable and manageable debt levels requires careful planning. The students who …
As the largest lender of student loans in the United States, the federal government is responsible for tracking over a trillion dollars in student debt. The government maintains records of when the loan was issued, the type of loan that was issued, the original balance, the current balance, interest rates, …
Repayment of student loans can be brutal. Interest accrues daily, servicers offer little help, and large segments of the population blame borrowers for their debt even though college has never been more important or more expensive. A growing percentage of student loan borrowers have reached the point where they realize …
The first student loan payment can be scary. When the average borrower begins their repayment journey, they face many hard questions: Am I doing this right? Am I paying too much? Will I ever get my loans paid off? How does anyone get their debt paid off? Will I be doing …
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 …
Repayment of student loans can be complicated for attorneys in private practice. Many face six-figure mountains of debt. Some may find high paying jobs, while others struggle. As time passes, the attorneys who experienced early success may find hardships and the ones who faced initial difficulties may find lucrative work. …
Enrolling in an Income Based Repayment Plan for your student loans is a fairly easy task. Not only is IBR a great way to lower your monthly payments, but the program also offers benefits such as student loan forgiveness. However, be advised that signing up for IBR is a little …
Having a cosigner is a big deal to student loan lenders. Instead of having one person legally required to pay back the debt, cosigned loans have two. Many lenders advertise a cosigner release, but actually getting approved can be a major challenge. The problem faced by many cosigners isn’t just …
Perhaps the biggest perk with federal student loans is that they have repayment plans based upon how much a borrower earns rather than how much they owe. These income-driven repayment (IDR) plans include: Income-Contingent Repayment (ICR), Income-Based Repayment (IBR), Pay As You Earn (PAYE) and Revised Pay As You Earn …
