Student Loan Moves When You Start a New Job
Changing employers sometimes means that it is time to change your student loan repayment strategy.
Changing employers sometimes means that it is time to change your student loan repayment strategy.
The wait for Income-Driven Student Loan Forgiveness takes decades. In some cases waiting for debt forgiveness is the more expensive strategy.
Student loan forgiveness is a great way to erase debt, but it isn’t always the best decision for all borrowers.
Income-driven repayment plans often mean $0 per month payments and eventually loan forgiveness for borrowers living on social security.
The benefits of federal student loans go far beyond interest rates.
Yearly income certification trips up many federal borrowers and this problem could easily be avoided by automating the process.
Private loans are usually worse than federal loans. Getting a lower federal payment to free up cash to eliminate the private debt is often a smart move.
Income-driven repayment plans are usually the best option for federal borrowers, but some circumstances justify a change in strategy.
Extra income can mean a higher IDR monthly payment, but there are ways to make sure a temporary or limited increase doesn’t mean a higher student loan bill.