Below you'll find a list of all posts that have been tagged as “strategy”
On Friday, March 13, President Trump announced that he was pausing student loan interest “until further notice” to help support a slumping economy. At this point, many of the details are still being worked out. The Department of Education is awaiting instructions from the White House while the nine federal …
Americans owe nearly two trillion dollars in student debt. Many borrowers end up spending hundreds or even thousands of dollars per month in student loan interest alone. It is for this reason that many wisely choose to pay off their student loans aggressively. This aggressive approach is the recommended strategy …
Though we are early in the Democratic primary process, at this point, Bernie Sanders the frontrunner to secure the Democratic nomination. For many student loan borrowers, this comes as an exciting development. Bernie Sanders has promised to eliminate all existing student loans — both federal and private. Sanders may have …
Smart borrowers are always looking for opportunities to save money on student loan payments. One common reader question looks something like this: I owe $15,000 on my student loan. If I’m able to pay my lender a lump sum of $10,000 now, is there a way to get them to …
Editor’s Note: This article was originally published on February 8, 2014. It has been updated on January 22, 2020, to reflect up-to-date lender practices and edited for clarity. With interest rates at low levels, I decided to see if I could lower the interest rate on my existing auto loan. …
Editor’s Note: This article has been updated on January 16, 2020, to reflect Senator Warren’s plan to forgive student debt without Congressional approval. Now that Bernie Sanders and Elizabeth Warren have both proposed massive student loan forgiveness, it introduces a complicated situation for borrowers. Traditionally, paying off student loans aggressively …
There may be some debate about the severity of the student loan crisis, but what isn’t up for debate is the fact that student loans are becoming a serious issue for many Americans. As people learn the dangers of student debt, it is logical to ask: could paying for college …
On their own, income-driven repayment plans like Income-Based Repayment (IBR) and Pay As You Earn (PAYE) can be complicated. When borrowers get married, the repayment strategy and calculations get even more complicated. The married borrowers who live in community property states face the most complication. Couples who live in community …
Unlike medical schools where most graduates have strong earning potential, many law school graduates find a crowded job market and limited income. Add to the fact that many attorneys find the work to be miserable, and it should be clear that there are significant risks with attending law school. How …
For some borrowers, paying off student loans in ten years may seem impossible. To other borrowers, ten years on student debt may seem like an eternity. For all borrowers, eliminating student loans in just ten years is an accomplishment given that the average student loan borrower takes over 20 years …
