interest discussion Archives

Paying $0 Per Month On Your Federal Student Loans with IDR Plans Like SAVE

A zero-dollar monthly payment may seem like a scam, but it is a legitimate option for some federal student loan borrowers.

Immediately refinancing your federal student loans after the government starts charging interest is a risky move.

Interest rates, personal goals, and loan balances all can shift the math on whether it is better to save for a house or pay down student debt.

All student loan payments are not created equal. If you make an extra payment toward your debt, make sure it goes as far as possible.

Nailing down the exact date of the repayment restart isn’t easy, but we know enough to have a pretty good idea of when that first bill will be due.

Rapidly increasing interest rates make student loan repayment especially difficult. These strategies will help keep things manageable.

Joe Biden’s new Income-Driven Repayment plan would result in many borrowers indefinitely paying 0% interest on their federal loans.

Locking in a fixed-rate student loan means no more interest rate increases or monthly payment changes.

Lenders often charge borrowers far more than what they originally borrowed because of interest and fees, but sometimes extra costs are avoidable.