Below you'll find a list of all posts that have been tagged as “strategy”
We received an interesting email from Don, a reader who is switching his federal loans from the Extended Repayment Plan to the Revised Pay As You Earn Plan (REPAYE). Don is getting some confusing information from Navient and wants to know when his loans will be paid in full if …
The next year looks fairly promising for borrowers who will be looking to refinance their student loans. Obviously it isn’t possible to say exactly what interest rates will look like one year from now… I can’t even say for certain what they will look like in a month. However, there …
The first student loan payment can be scary. When the average borrower begins their repayment journey, they are filled with 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 …
Student Loan Forgiveness Programs are a primary reason that federal student loans are the best student loans. Even though qualifying for loan forgiveness can be complicated, the potential savings make it worth the effort. Borrowers looking to have their student loans forgiven should be focused on two goals: 1) Getting …
In this edition of the Sherpa Mailbag, we will take a look at a very interesting student loan dilemma. For the next year, Tony may have an excellent salary, then he may be making a shift to a lower paying government position. He may be in the lower paying government …
Economists are finally coming around to the idea that student loans are preventing many Americans from starting a business. To those of us with student debt, this “revelation” is no surprise. The good news is that student loan borrowers don’t have to give up their dreams of starting a business. …
The dirty little secret of student loan debt is that there can be a very real penalty to getting married. Student loan forgiveness programs, such as Public Service Loan Forgiveness, require a borrower to enroll in an Income-Driven Repayment (IDR) Plan. The benefit of an IDR plan, is that borrowers …
American Education Services, usually called AES, is one the largest servicers of federal and private student loans in the United States. Many AES borrowers may face the question of whether or not they should refinance or consolidate their AES loans. In some cases the refinancing or consolidating can be an …
Typically when we write about student loan repayment strategy, we cover a wide range of situations. When a borrower is thinking about a repayment plan, things like marital status, retirement planning, and whether or not they want to buy a house all can enter the equation. Today we will throw …
Retirement plans such as 401(k)s are built on the notion that workers can set aside a bit of money from each paycheck and expect to live reasonably comfortable in retirement. An essential component of this plan is powered by compounding interest. A little bit of money saved in your 20’s …
