Accelerated Forgiveness: Making Extra Payments for Quicker Forgiveness
Options to speed up student loan forgiveness by paying extra are limited.
Options to speed up student loan forgiveness by paying extra are limited.
Sticking to old assumuptions and strategies could mean that borrowers miss out on new opportunities to save money on federal student debt.
Federal direct consolidation can have a huge influence on the IBR and PSLF loan forgiveness clocks.
Chasing Public Service Loan Forgiveness (PSLF) doesn’t make sense for some borrowers with higher incomes. Finding that line isn’t always easy.
Even though the October 31, 2022, deadline has passed, Public Service Loan Forgiveness Borrowers can still take advantage of many of the Limited Waiver provisions.
Leaving your current job could be a mistake, even if you have already worked the full ten years required for PSLF.
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.
After the initial excitement of student loan forgiveness or a refund, borrowers often worry about tax consequences.