Selecting Your First Student Loan Repayment Plan: Tips and Strategy
Choosing the right federal repayment plan might seem overwhelming, but finding the best option usually isn’t very difficult.
Choosing the right federal repayment plan might seem overwhelming, but finding the best option usually isn’t very difficult.
The new SAVE plan is getting phased in, meaning payments today will be slightly different than payments starting in July. This calculator estimates both numbers.
In most cases, waiting for the newest IDR repayment plan to be available is a mistake. Delays offer few advantages and come with significant disadvantages.
40,000 borrowers are about to get their remaining student loan balance forgiven, and millions more will move closer to IDR loan forgiveness.
Between temporary programs and alternative calculations, it isn’t easy to identify all of the repayment plans eligible for PSLF.
With some temporary federal student loans programs over, or nearly complete, borrowers have to track several different moving targets.
There is a lot to like about the proposed new IDR plan, but a closer inspection shows some room for improvement.
Borrowers have many reasons for optimism about life with student loans in 2023.
Changes in monthly IDR bills are common. Several different possibilities could explain the increase.