Below you'll find a list of all posts that have been tagged as “income-driven repayment”
The process of Parent PLUS loan repayment works a bit differently than most other federal student loans. Unlike nearly all other kinds of student debt, the parent borrows the money rather than the student. This dynamic causes confusion when researching topics, such as federal program eligibility, repayment plan selection, student …
Chasing after student loan forgiveness seems like an obvious decision. Student debt disappearing is far preferable to the painful process of repayment in full. However, if we look beyond the obvious, there are significant pros and cons to going after student loan forgiveness. Student loan forgiveness comes in many forms. …
The repayment of student loans can be a huge challenge. Living on social security can be a huge challenge. Living on social security AND repaying student loans might appear to be impossible. Fortunately, borrowers can do both. The key to success is to utilize programs like income-driven repayment plans and …
When evaluating student loan options, the interest rate is often the deciding factor. For many, the lower the rate, the better the loan. However, this simplistic method of evaluation ignores the many federal student loan benefits. In many cases, a federal loan –even one with a higher interest rate– is preferable …
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 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. However, for-profit, private sector businesses employ most Americans. These businesses are not eligible for PSLF. Do private-sector employees have access to student loan forgiveness programs? How do they qualify? All federal student loan borrowers are eligible for student loan forgiveness, including …
Millions of federal student loan borrowers are on income-driven repayment plans such as IBR (Income-Based Repayment) and REPAYE (Revised Pay As You Earn). The big advantage of these federal plans is that borrowers make payments based upon what they can afford rather than what they owe on the loans. To …
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 …
