Student Loan Refinance Rates for January 2020
Student loan refinancing is the process of getting a new loan, generally with a lower interest rate, to pay off an existing loan or loans. Student loan refinancing can help borrowers reduce their interest rate, thereby saving them thousands of dollars over the duration of their loans. Refinance rates change often, typically monthly, based on […]
How Mr. Flexcents Crushed $100K in Student Debt in 2 Years
This is part of our new series Dealing with Debt, where we present interviews with a diverse set of personal finance bloggers who are tackling student loan debt. Today, we’re featuring Mr. Flexcents, a personal finance blogger and physical therapist who graduated with over $116K in student debt! Originally pursuing Public Service Loan Forgiveness, Mr. […]
The Journey to Debt Freedom: How Krystel Is Paying Off $50K in Student Loans in Just 4 Years
This is part of our new series Dealing with Debt, where we present interviews with a diverse set of personal finance bloggers who are tackling student loan debt. Today, we’re featuring our interview with Krystel from All She Saves. She graduated with over $77K in student loans, but about a year and a half ago, […]
The Ultimate Guide to Student Loan Repayment
Designed for the 44M Americans with student loans, this presentation provides a comprehensive overview of student loan repayment options from pausing payments to income-driven repayment plans and refinancing. It also demonstrates how to objectively evaluate different repayment options and gives tips on how to think about repayment in the context of other financial objectives and decisions.
Invest or pay down debt? Here’s what should be your top 8 financial priorities
If you’re like most people, you have more ideas about what to do with your money than the amount of money, itself. So, you have to prioritize. Should you save, pay down debt, or invest? Here’s what we suggest for most people. Priority 1: Pay the minimum on all your bills and debts Pay the […]
The Definitive Guide to Student Loan Refinancing
About $300B of outstanding student loans (or roughly 25% of all outstanding student loans in repayment) are estimated to qualify for refinancing at lower interest rates. Yet, only 2-3% of that balance was actually refinanced last year. Given that refinancing is the only way to reduce interest rates, why is it that so few people actually […]
Revised Pay As You Earn (REPAYE) Plan
Overview The Revised Pay As You Earn (REPAYE) Plan is an income-driven repayment plan available to borrowers with loans under the Direct Loan Program. Under REPAYE, participants must pay at least 10% of their discretionary income towards their student loans. Any outstanding balance after 20 or 25 years of repayment (based on if any of […]
Forgiveness After Income-Driven Repayment Plans
In this article we review the various forgiveness after income-driven repayment plans that are available.
Teacher Loan Forgiveness
In this article we discuss forgiveness under the Teacher Loan Forgiveness Program.
Federal Perkins Loan Cancellation And Discharge
In this article we review cancellation and discharge for Federal Perkins Loans.
Public Service Loan Forgiveness (PSLF)
In this article we discuss the Public Service Loan Forgiveness program.