Why Lowering Federal Payments to Pay Off Private Loans Can be the Smart Approach
Private loans are usually worse than federal loans. Getting a lower federal payment to free up cash to eliminate the private debt is often a smart move.
Private loans are usually worse than federal loans. Getting a lower federal payment to free up cash to eliminate the private debt is often a smart move.
Private student loans might seem essential to pay for school, but borrowers should understand the risks before signing up.
Servicer mistakes are sometimes a part of life with student loans. Most errors can be easily resolved with minimal effort.
$10 per month may not sound like a lot of money, but if you can pay $10 extra per month, it can make a huge difference on your student loans.
Borrowers don’t have to combine all of their student loans when they refinance. In some cases, keeping a couple loans separate is a really smart idea.
Delaying student loan repayment in order to build up your credit score is really expensive and not very helpful.
It is possible for student loan borrowers to have income excluded from their income-driven repayment plan calculations.
Some minimum payments are better than others. Careful borrowers can maximize the value of each minimum payment.
Private consolidation of federal loans has major risks and major rewards. With no way to undo the decision, borrowers need to be certain they’re not making a mistake.