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Income Based Repayment

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 el...

"Congratulations! Your Student Loan Is Paid Off!"

Monica Leftwich | Posted 08.21.2015 | 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 06.05.2015 | 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 06.08.2015 | 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 05.05.2015 | 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.

Shahien Nasiripour

Borrowers Default On Student Loans Despite Viable Alternatives | Shahien Nasiripour | Posted 09.12.2013 | Politics

Companies working for the Department of Education over the past year have allowed hundreds of thousands of borrowers to default on their federal stude...

Shahien Nasiripour

Sallie Mae Borrowers Missing Out On Major Relief | Shahien Nasiripour | Posted 09.03.2013 | Politics

Sallie Mae, the nation's largest servicer of federal student loans, is failing to enroll many of its distressed borrowers into one of the Obama admini...

Your Financial Life After Graduation

Jason Alderman | Posted 08.12.2013 | College
Jason Alderman

Let me share a few financial lessons I learned the hard way when I was just starting out. They might save you a lot of money in the long run and help you get closer to your life goals, whether it's buying a house, starting a family or even retiring early -- as far off as that may sound.

Yay! Feds Announce New Pay-As-You Earn Program For Student Loans

AP | By JUSTIN POPE | Posted 02.06.2013 | College

-- A new version of the income-based federal student loan repayment program that's more favorable to many borrowers will go into effect starting Dec....

Student Loan Debt: New Income-Based Repayment Provides a Safety Net

Lilly O'Donnell | Posted 01.20.2013 | College
Lilly O'Donnell

Pay As You Earn, or Income-Based Repayment, allows borrowers to pay 10% of their discretionary income.

Obama and Student Loans: Income-Based Repayment

Nick Gidwani | Posted 01.23.2014 | College
Nick Gidwani

Just as policies like IBR encourage students to go to graduate and professional school by making it easier to take out student loans, the promises of future wealth that many grad schools make are coming into question.

Obama's Quiet Revolution

Jonathan Meiburg | Posted 12.16.2012 | College
Jonathan Meiburg

To millions of Americans and their children caught in the pincers of a pressing need for a college education that each year grows more expensive, the Obama administration has quietly thrown a lifeline. So quietly, in fact, that you probably don't know about it.

Amanda M. Fairbanks

Obama Moves Forward On Forgiving Student Loans, But Recent Grads Left Behind | Amanda M. Fairbanks | Posted 12.26.2011 | College

NEW YORK -- Compared to many of her unemployed classmates, Gabby Bladdick counts herself among the lucky ones. Since graduating with a degree in pu...