Below you'll find a list of all posts that have been tagged as “strategy”
As the number of companies offering student loan repayment assistance continues to grow, more and more borrowers are able to get a bit of extra help on their student debt. Due to the unique nature of employer assistance programs, they can actually complicate student loan repayment strategy. This problem falls …
Aggressive repayment has a well deserved reputation for being the smart way to repay student loans. The faster the debt is paid off, the less money that gets spent on interest. Even though aggressive repayment is usually the smart thing to do, it isn’t always the best idea. In a few circumstances, …
The Situation: Husband and Wife both have great jobs. Unfortunately for the couple, both spouses also have massive student debt. Many doctors, lawyers, optometrists, dentists, and veterinarians, had to borrow a great deal of money for the required education. In some marriages, this debt is doubled. These high earning couples …
One of the fastest growing segments of student loan borrowers is senior citizens. Most of this growth is due to Parents who signed up for Parent PLUS loans for their children who have not yet paid off the debt. This has caused a major problem in many households. Some face …
At this time of the year, student loan borrowers should be gearing up to file their 2018 taxes and thinking about strategies to minimize their 2019 taxes. Even though we are already in 2019, there are still steps borrowers can take to lower their 2018 tax bill and possibly lower …
If you are trying to decide the best time to apply an extra payment to your student debt, the answer is pretty simple: Right now. We will show our work on this simple two word answer, and explain a couple mistakes to be avoided, but the short answer is that …
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 …
