Below you'll find a list of all posts that have been tagged as “strategy”
Making the decision on whether or not to refinance your student loans can be very challenging. On one hand you have the low interest rates offered by the refinance companies, but you are forced to give up federal perks. One of our readers, Brad, is currently facing this dilemma. He …
If you are the lucky recipient of a bonus at work, an inheritance, or a gift from family; that money can go a long way in the battle against student debt. The problem is that many borrowers have several different loans. Even if you don’t have thousands of dollars, paying …
Americans owe well over a 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 aggressively pay off their student loans. This aggressive approach is the recommended …
In this edition of the student loan plan, we take a look at George’s student loan strategy. His monthly payments are almost all being used for interest while his principal balance is barely moving. He would like to put together a plan to attack his debt. If you want tips …
Early drafts of the Trump Tax Plan called for the student loan interest deduction to be eliminated. Fortunately, due to the efforts of many concerned citizens, the student loan interest deduction survived the chopping block. The bill doesn’t make any changes to student loan policy in the US, but due …
I’m a big fan of the income-driven repayment plans. Borrowers in over their head have a light at the end of the tunnel. Savvy borrowers looking for an edge have a useful tool for a number of different strategies. Plans like IBR, PAYE, and REPAYE are one of the great …
High income earners with large debts, such as doctors and lawyers, are well positioned to save a small fortune on their student loans by refinancing or consolidating. Mistakes in the refinance or consolidation process can likewise cost a small fortune. Navigating these high stakes requires a careful strategy free from …
Getting student loan questions answered by many student loan lenders and servicers can be a frustrating experience. Federal servicers like myFedLoan, Navient, and Great Lakes have an especially bad reputation for customer service. Unfortunately, dealing with these companies is often a necessity. Of all the borrower complaints that we have …
In this refinance case study we will look at Toby’s student loans. Toby has a ton of federal student debt from his graduate school days and a smaller pile of private loans from his undergrad studies. Complicating Toby’s situation is the fact that he is a government employee. His income …
Picking a federal student loan repayment plan can be a tricky process. The standard repayment plan is also that plan that has the highest monthly payments. Borrowers can get lower payments on an income-driven repayment plan, but there are many to choose from, all with different rules. Many borrowers opt …
