How SAVE Changed Income-Driven Repayment: Goodbye to REPAYE, PAYE, IBR, and ICR
The newly announced SAVE plan will eliminate or change most of the income-driven repayment plans currently available.
How to Protect Yourself from MOHELA Mistakes as Restart Gets Ugly
A few simple steps will help ensure that servicer errors don’t result in high payments or extra interest spending.
Will SAVE Survive Long-Term After Nearly Getting Defeated in the Senate?
Borrowers on SAVE will soon have political and legal protections that should keep the repayment plan available for many years to come.
Extra Payments on Federal Student Loans Rarely Make Sense
The conventional wisdom is that extra payments to eliminate debt is the best approach. For federal student loans, these extra payments are often a mistake.
Biden’s Plan to Get Around the Supreme Court and Forgive Student Loan Debt
The latest plan from the Biden adminstration to forgive student loans might be on the most solid legal footing.
The Biggest Parent PLUS Loan Mistake…
If you manage your Parent PLUS loans wrong, it could result in permanent double payments for all of your federal student loans.
How a Side-Hustle or Second Job Impacts Public Service Loan Forgiveness (PSLF)
For most borrowers, earning some extra cash on the side won’t get in the way of public service student loan forgiveness.
Consolidation Undo: Seperating Parent PLUS Loans from Consolidated Loans
Some consolidation mistakes limit repayment plan and forgiveness options. Borrowers who got bad advice from servicers deserve help.
The Best Student Loan Refinance Length is a 20-Year Fixed-Rate Loan
When picking a student loan refinance solution, it is essential to think about your other financial goals. Opting for a flexible choice is often the safest bet.