How to Sign Up for SAVE: Mistakes to Avoid When Switching Repayment Plans
The new SAVE plan offers considerable savings for IBR, PAYE, and REPAYE borrowers, but care is necessary when enrolling.
The new SAVE plan offers considerable savings for IBR, PAYE, and REPAYE borrowers, but care is necessary when enrolling.
A zero-dollar monthly payment may seem like a scam, but it is a legitimate option for some federal student loan borrowers.
Choosing the right federal repayment plan might seem overwhelming, but finding the best option usually isn’t very difficult.
Republicans in Congress proposed five new pieces of legislation to overhaul student loan policy in the US.
In most cases, waiting for the newest IDR repayment plan to be available is a mistake. Delays offer few advantages and come with significant disadvantages.
Between temporary programs and alternative calculations, it isn’t easy to identify all of the repayment plans eligible for PSLF.
IDR plans have a ton of borrower-friendly features, including student loan forgiveness. However, they have some flaws that all borrowers should understand.
Income-driven repayment is supposed to keep monthly payments affordable for all borrowers, but IDR plans help some borrowers more than others.
Paying extra on IDR plans like IBR, PAYE and REPAYE is a risky choice for many student loan borrowers, especially those chasing student loan forgiveness.