Not So Common Student Loan Debt Forgiveness Programs
Consider these five alternatives to Public Service Loan Forgiveness (PSLF) for reducing or eliminating your student loan burden.
Consider these five alternatives to Public Service Loan Forgiveness (PSLF) for reducing or eliminating your student loan burden.
PAYE isn't always the best match when going for PSLF. If you are married and both have student loans, here's the math that may save you thousands.
General rules don't always hold true when going for PSLF. Today we review the basics and run the numbers to see if PSLF is still your best option.
It is fully understandable for a borrower planning on PSLF to be concerned, but it is not yet time to give up on the program. Instead, learn the rules, keep careful records and start saving up a PSLF side fund, just in case.
Worried PSLF is going away? The solution isn't to avoid the program, it's to save up a side fund you can use to pay off the loans if it does.
How do Public Service Loan Forgiveness (PSLF), PAYE, and REPAYE work? What are the strategies for maximizing the amount forgiven? Learn to manage your student loans well and increase your financial security.
Managing your student loans properly can save tens or even hundreds of thousands of dollars. The higher your debt to income ratio, the more benefit to getting this right.
Benjamin Meyer has put together a financial survival guide for his fellow interns about consolidating student loans, RePaye options, retirement savings and more! If you only have time to read one post as an intern, make it this one.
You don't HAVE to use the 6 month grace period, and you certainly don't want to if your goal is PSLF, or even if you just want to minimize your student loan interest via REPAYE.
Guest blogger Dr. Wise Money explains how REPAYE works and shows how you can decide if it is right for you. The lower your income and the higher your debt, the more likely REPAYE is for you.
I wrote Dave Ramsey a letter. He didn't write back. Not only is his investing advice bad, but sometimes his debt management advice is too.
Student loans stink. To make matters worse, figuring out what to do with them can seem complicated. Here I present a flowchart that should help clear up the confusion.
The new REPAYE program complicated the decision about whether or not to refinance as a resident. The 50% interest subsidy basically lowers your interest rate during residency, and the effective rate might even be lower than you can get from a private company.
REPAYE is a new federal student loan management program. It is essentially a combination of PAYE and IBR, with a few new features thrown in. Learn the rules and do the math to see what is right for you.
Student loans really suck. But starting in 2013 refinancing them became possible again. This competitive marketplace is constantly evolving for your benefit and there are now six companies offering a special deal to WCI readers to refinance their student loans to as low as 1.9% variable, including two that will refinance your loans even while you're still in residency!