Below you'll find a list of all posts that have been tagged as “income-driven repayment”
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 …
One of the major perks of having federal student loans is that there are repayment plans based upon what you can afford to pay rather than what you owe. These Income-Driven Repayment plans ensure that federal student loan payments stay reasonably affordable. Things get tricky for borrowers who come into …
One of the most common student loan repayment strategies is to pay off the highest interest student loan first. But this one size fits all approach isn’t always the best idea. In many cases, student loan borrowers should focus on paying off their private loans before attacking their federal loans. …
Public Service Loan Forgiveness gets all of the headlines, but most Americans are employed by a private sector, for-profit employer. Do these employees have access to student loan forgiveness programs? How do they qualify? All federal student loan borrowers are eligible for student loan forgiveness, including private sector and for-profit …
One of the great perks of federal student loans is the income-driven repayment (IDR) plans. Borrowers struggling with student debt can qualify for monthly payments as low as $0 per month for an unlimited period. Continued enrollment simply requires borrowers to certify their income every year. While owing zero dollars …
In this giant mailbag we will be covering a range of student loan questions: everything from Cost of Attendance issues to the timing of an Income-Driven Repayment Plan request. We also have a few Public Service Loan Forgiveness questions to cover as well. If you have a question for the …
Over the last few days, I’ve received several questions about IBR, and other income-driven plans such as REPAYE and Pay As You Earn. It seems there is a ton of confusion about calculating income-driven payments with spouses each have student loans. The basic rule is straightforward: If you and your …
