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Income Based Repayment

Think Twice Before Borrowing for Your Kid's College

NerdWallet | Posted 02.13.2017 | College

Sixty-year-old Pamela Last doesn't have a college degree -- but she has roughly $200,000 in student debt. Like a growing number of parents, Last took...

Navient lawsuit: what student loan borrowers need to know

NerdWallet | Posted 02.09.2017 | College

The U.S. Consumer Financial Protection Bureau is suing Navient Corp., the nation's largest student loan servicer, accusing it of "systematically and i...

How to Live on the Cheap While Paying Off Your Student Loans

NerdWallet | Posted 01.31.2017 | College

If you're a college student, you have a lot on your plate -- who could blame you for not paying attention to that mounting student loan balance? But ...

How to Tame Your Student Loans (Told in Under 350 Words)

NerdWallet | Posted 09.20.2016 | Business

We'd keep it to 35 words if we could, but student loans aren't that simple. So we'll aim for 350 instead, boiling it down to the four main options fo...

5 Things the President Wants to Tell College Students

NerdWallet | Posted 07.20.2016 | College

President Barack Obama only has about six more months in office, and before he leaves, he has a message for college students and student loan borrower...

Student Debt Basics: Income-Driven Repayment Plans

Equal Justice Works | Posted 03.08.2017 | College
Equal Justice Works

Income-driven repayment plans can be a safety net for student loan borrowers looking for debt relief. One of the four income-driven repayment plans could be the solution to making sure your monthly payments are not overwhelming your budget.

Making More Money Drives Up My Student Loan Payments

Steve Rhode | Posted 12.03.2016 | Money
Steve Rhode

Bottom line, when it comes to government backed student loans there are no good reasons I can think of to ride along on a forbearance only without using forbearance as part of a larger plan.

College Students, Borrowers Win As Education Department Expands Protections

The Huffington Post | Shahien Nasiripour | Posted 10.27.2015 | Politics

College students will be shielded from some fees when accessing federal student aid funds, while borrowers with older student loans will be eligible f...

Struggling Borrowers At Higher Risk Of Default As Education Department Resists Recommendations

The Huffington Post | Shahien Nasiripour | Posted 09.18.2015 | Politics

Millions of Americans are more likely to default on their federal student loans because the Education Department refuses to tell them they’re eligib...

"Congratulations! Your Student Loan Is Paid Off!"

Monica Leftwich | Posted 08.20.2016 | College
Monica Leftwich

This morning I woke up to an email from Nelnet stating I have a notification about my student loans. When I went into my Nelnet account, I had this message waiting for me...

5 Things You Need to Know About Student Debt as a Campaign Issue

Equal Justice Works | Posted 06.05.2016 | Politics
Equal Justice Works

Student loan debt will be a key issue in the 2016 presidential election - and it should be. The $1.3 trillion in student loan debt has become a defining economic factor for students and graduates across the country.

Are Your Student Loans Eligible for the Pay As You Earn Program?

Credible | Posted 06.04.2016 | Money

The repayment period is set at 20 years. Any remaining loan balance after the 20 years is forgiven. A benefit of the PAYE repayment plan is that you make lower monthly payments.

How Much Will You Actually Pay for $30K in Student Loans?

Stephen Dash | Posted 05.05.2016 | Money
Stephen Dash

With students carrying an average of nearly $30,000 in student loan debt upon graduation, many are left wondering how they'll payoff their loans. There are numerous repayment options for students.

4 Ways the House Republican Budget Hurts Students

Equal Justice Works | Posted 10.04.2015 | Education
Equal Justice Works

These changes are projected to save the government $60 billion over 10 years. While this may sound like a lot, it is a mere two percent of the $3.02 trillion in tax revenue the federal government collected in fiscal year 2014 alone.

Shahien Nasiripour

Obama Administration Exaggerates Enrollment In Key Student Loan Plan As Borrowers Suffer | Shahien Nasiripour | Posted 04.07.2015 | Politics

The Education Department is publicly inflating the number of distressed borrowers taking advantage of its most generous student loan repayment program...

Have We Already Solved the Student Debt Crisis?

Equal Justice Works | Posted 04.27.2015 | College
Equal Justice Works

Kevin Carey posits that the market dominance of federal student loans combined with income-driven repayment plans has solved student debt crisis. It's an intriguing and optimistic thesis.

Pros and Cons of Income-Driven Repayment Plans

Stephen Dash | Posted 04.07.2015 | Money
Stephen Dash

Remember that signing up for these plans does not mean you have to stick with them forever; you can always reevaluate in a few years when your financial situation may have changed.

3 Student Loan Repayment Plans You Need to Know About

Equal Justice Works | Posted 03.16.2015 | College
Equal Justice Works

A recent Washington Post article discussing the student debt plight of Wayne Tibak demonstrates the fundamental strengths and weaknesses of income-dri...

Get Your Monthly Payments Under Control: Income-Driven Repayment Plans for Your Federal Student Loans

Beth Kobliner | Posted 08.04.2014 | Money
Beth Kobliner

If you're like the two-thirds of college grads who took on debt, you owe an average of about $30,000 in federal student loans. That means you'll likely be facing steep monthly payments stacked against a low income after graduation. But there's a way for some borrowers to avoid a lot of month-to-month aggravation.

3 Student Loan Strategies That Won't Get You Out of Debt

Adam Levin | Posted 07.15.2014 | College
Adam Levin

While the seas will be rough, you don't have to feel like you bought a ticket on the Titanic. If graduates face repayment in an open way, communicating regularly with lenders, there are solutions -- although none of them get you a Get Out of Debt Free card.

The Next Phase of Enhanced Student Loan Forgiveness: Pay as You Earn

Wendy N. Powell | Posted 07.12.2014 | Education
Wendy N. Powell

Individually, we may thrive by enhanced debt forgiveness but collectively, we retreat with considerable increases to our national debt obligation that we likely cannot afford.

My Husband Was Taken Advantage of by For-Profit Colleges

Steve Rhode | Posted 05.19.2014 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, I searched and didn't find quite what I was looking for, so I was wondering if you'd do an article on it...

Student Loans Got You Down? 5 Tips to Make Them More Affordable

Ethan Senack | Posted 03.10.2014 | College
Ethan Senack

Dealing with students loans can be stressful -- even overwhelming. Here are a few tips to minimizing how much you pay and keeping your debt manageable.

Shahien Nasiripour

Student Loan Defaults Surge | Shahien Nasiripour | Posted 09.30.2013 | Politics

Recent college students are defaulting on federal loans at the highest rate in nearly two decades, reflecting "crisis" levels of student debt and a la...

Financial Planner Q&A: Should I Use Income Based Repayment for My Student Loans?

SaveUp | Posted 11.27.2013 | Business

The federal government offers a number of different ways to pay back your student loans. In this post we'll look at income based repayment plans, some of their qualification requirements and tradeoffs to consider.