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Student Loan Repayment

Ask Brianna: My Student Loan Grace Period Is Over. What Should I Do Now?

Brianna McGurran | Posted 01.05.2016 | Business
Brianna McGurran

Student loan grace periods can feel like a prolonged spring break, a chance to forget about the money you borrowed and pretend loan-free life will last forever. But six months after graduation, those loans are still there, and it's your job to take control of them as soon as you can.

Student Loan Payback: Should You Stick to Your Plan or Refinance?

Brianna McGurran | Posted 12.02.2015 | Education
Brianna McGurran

It's a lot more fun to celebrate college graduation than it is to develop a student loan repayment strategy. So if you're a new grad with federal loans, you'll likely end up on the default standard repayment plan, which requires you to pay a fixed amount every month for 10 years until your loans are paid off.

Love and Student Debt: How the New REPAYE Plan Could Affect Marriages

Equal Justice Works | Posted 11.25.2015 | Money
Equal Justice Works

Unlike PAYE, which is only open to students who took out loans after October 2007, the REPAYE plan will be open to anyone who borrowed directly from the federal government. This includes older borrowers who were previously shut out from PAYE.

How REPAYE Differs From Other Income-Driven Repayment Plans

SALT | Posted 11.12.2015 | College

In early 2015, President Obama proposed the Student Aid Bill of Rights, which included a provision to make it easier for borrowers to repay their students loans. As the result, the government introduced a new repayment option for federal student loans: Revised Pay As You Earn (REPAYE).

Ask Brianna: I Have Extra Cash. Should I Pay Down Student Loans or Build an Emergency Fund?

Brianna McGurran | Posted 10.29.2015 | Money
Brianna McGurran

There are golden rules in the personal finance world, and this is one of them: An emergency fund is absolutely necessary, even if you have a big student loan payment.

Why I Simply Don't Give a Damn About My $100k+ in Student Loans

Monica Leftwich | Posted 08.11.2015 | Business
Monica Leftwich

I just wanted to find a cliff and jump. I wanted to uppercut everyone who graduated with no debt.

How To Choose The Right Student Loan Repayment Plan

Stephen Dash | Posted 07.26.2015 | Education
Stephen Dash

The right repayment plan for you will depend on your income, credit history and many other factors such as your ability to support higher monthly repayments. This article looks at how to pick the best student loan repayment plan for you.

Getting Out From Under: Student Loans for Teachers

Stephen Dash | Posted 07.11.2015 | Education
Stephen Dash

If you are a teacher or studying to be a teacher, you might be concerned about paying back your student loans. Even for the most frugal planners, student loan debt is a reality that many students and graduates face today.

I Missed a Student Loan Payment. Should I Be Concerned?

Credible | Posted 07.01.2015 | Education

It happens to the best of graduates. You get caught up in work and other expenses, and you don't realize you missed a student loan payment by 10 days. Your first reaction might be to panic and call the lender in tears.

How I Paid Off Over $150,000 in MBA Student Loans in 6 Years

CommonBond | Posted 06.30.2015 | Education

It's June. For all of you Class of '15 MBA grads, congrats on graduating! While it's an exciting time, it can also unfortunately bring the dread that comes with finally looking at your student loan bill. Things just got real.

How Do I Save for Retirement with Student Loans?

Credible | Posted 06.18.2015 | Education

When it comes to saving and investing for retirement, many recent grads opt to put it off in favor of repaying their loans first. Between living expenses, student loans, and recreation, it's tough for young adults to find any money left over to invest in their future.

Igor Bobic

Yes, Marco Rubio Struggled With His Finances. Now Let's Talk About His Policy Prescriptions. | Igor Bobic | Posted 06.10.2015 | Politics

WASHINGTON -- Sen. Marco Rubio's (R-Fla.) presidential campaign is up in arms against The New York Times for raising questions about the senator's fin...

5 Student Loan Tips for Recent College Graduates

Credible | Posted 06.02.2015 | Education

After graduation, student loan management is the last thing you want to think about. If you have landed your first full-time job, the reality of paying back your student loans is right around the corner. If you have been out several years, this is still an opportune time to learn more about your student loans and potentially save money.

How Much Income Should Go Towards Repaying Student Loans?

Credible | Posted 05.29.2015 | College

Repaying student loans in never an easy task. Deciding how much of your income should go towards your loans is as much of a personal decision as any recommended advice.

3 Student Loan Calculators That Can Help Save You Thousands

Credible | Posted 05.27.2015 | Education

Borrowers are often unsure about what their payments will be or how long repayment will likely take. Here are three great student loan calculators for student loan borrowers to learn more about their payment and payoff options.

Tyler Kingkade

Student Loan Repayment Can Be Confusing, So Nonprofits Are Creating A Hotline To Help | Tyler Kingkade | Posted 05.20.2015 | College

Student loan borrowers struggling with confusing information from the U.S. Department of Education will get help from a new website and hotline being ...

Your Outdated Student Loan Terms Could Be Costing You Thousands

Stephen Dash | Posted 05.15.2015 | Money
Stephen Dash

While many graduates are bogged down with high interest rates and burdensome payments, many don't understand the terms of their loans. We've complied some data to help you visualize how different loan repayment options could impact your monthly payments and total loan amount by manipulating a few variables on a $25,000 standard student loan situation.

How Teachers Can Save Thousands on Their Student Loans

Stephen Dash | Posted 05.04.2015 | Money
Stephen Dash

The average teacher accrues over $50,000 in combined debt to receive a master's in education. Trying to overcome a $400 monthly payment does not have to be handled on your own and fortunately, there are forgiveness options available on a state and federal to help repay student debt.

I Have 30K in Student Loans. What Are My Options?

Stephen Dash | Posted 06.19.2015 | Money
Stephen Dash

If you have started paying on your student loans already, you have probably realized that there is a variety of repayment plans available based on your individual circumstances. How do I know which to choose?

How to Avoid the Painful Consequences of Not Paying Your Student Loans

Stephen Dash | Posted 06.10.2015 | Money
Stephen Dash

What happens if you don't pay your student loans? Last year, over 11.3% of all student loans were considered delinquent. This statistic has doubled fr...

Forgiven Loans Are Hidden Grants

Bob Hildreth | Posted 05.11.2015 | Politics
Bob Hildreth

Now Obama envisions directing $14.6 billion from the loan program toward Pell in the next 10 years. But money is needed to cover forgiven loans. If further expansion of the generous forgiveness clauses leads to another unanticipated shortfall, will this transfer of fund still be possible?

Soon Student Loans Will Look Like the Tax Code

Bob Hildreth | Posted 04.28.2015 | College
Bob Hildreth

Colleges make it simple for students to borrow by packaging several different types of federal loans... Sometimes, schools even give students more loans than they need. The students have to accept the package and deal with the loans when they leave, whether they graduate or not.

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...

9 Facts About How to Manage Your Student Debt

Equal Justice Works | Posted 02.15.2015 | College
Equal Justice Works

Whether you are still deciding on college, taking out your first loans or are already in repayment, there is a lot to know about borrowing and repaying student loans.