Below you'll find a list of all posts that have been tagged as “strategy”
One of the most common complaints we hear about borrowers’ student loan situations is that they feel like they are stuck in the middle. In high school they were a good student, but not a great student. This means there were several college options, but few scholarships. The family income …
If you have made the decision to consolidate or refinance your student loans, it is critical that you look around to find the best interest rate. A couple hours of extra work could save you hundreds of dollars a month and thousands of dollars over the life of the loan. …
A large percentage of federal student loan borrowers are currently enrolled in an income-driven repayment plan. Unfortunately for these borrowers, the annual re-certification process just got more complicated. In the past borrowers just went to the Federal Student Aid’s Website for Income Driven Repayment Requests. The form was fairly simple, …
When it comes time to find the money for your child’s education, many parents are confronted with a difficult decision… do I get a Parent PLUS loan in my name, or do I co-sign for a private loan in my child’s name? The best decision will vary from family to …
FedLoan Servicing, often called MyFedLoan, is one of the largest servicers of federal government student loans. In addition to being one of the biggest federal loan servicers, they have a reputation for being one of the worst. Unfortunately, this makes getting answers to some of the most basic questions difficult. …
Many student loan borrowers are aware that it is possible for their federal student loans to be forgiven. Under the terms of the income-driven repayment plans, student debt is forgiven after 20 to 25 years, depending upon the repayment plan and the type of loan. Unfortunately, the government isn’t totally …
There are four different income-driven federal repayment plans. Pay As You Earn (PAYE) and Revised Pay As You Earn (REPAYE), offer the lowest monthly payments. However, plans like Income Based Repayment (IBR) and Income Contingent Repayment (ICR) may be the best choice due to eligibility requirements and tax considerations. The …
According to the American Association of Colleges of Nursing, 57% of the respondents in a Graduate Student Loan Survey reported that they planned on taking advantage of Public Service Student Loan Forgiveness (PSLF). However, only 22% planned on enrolling in an income-driven student loan repayment plan. This is troubling because …
We often get emails from readers listing a few lenders and asking which one is best. In our student loan rankings, we provide a template for sorting through the various companies, but it isn’t an exact science. The reality is that the best student loan consolidation is usually the one …
If you haven’t finished school yet and are thinking about your student loans, you are already ahead of your peers. The efforts and sacrifices that you make now will make a huge difference in your financial future. Even though you don’t have a bill due, your balance is growing on …
