federal student loan repayment plans and eligiblity

Federal Student Loan Repayment Plan Options and Strategy

Michael Lux Repayment Plans, Student Loan Blog 2 Comments

When it comes time to pay back your student loans, you will discover a variety of federal repayment plans. To complicate matters, you won’t find an option that stands out as the best. Some work great in certain circumstances, while others excel under different conditions. Selecting the best repayment plan …

IBR and PAYE Calculations for Independent Contractors and 1099 Workers

Michael Lux Repayment Plans, Student Loan Blog 0 Comments

For independent contractors and 1099 workers, it might appear to be difficult to calculate monthly student loan payments for income-driven repayment (IDR) plans such as IBR, PAYE, and REPAYE. How does the government factor in monthly expenses and the fact that some months are much higher paying than others? Surprisingly, …