If you don’t do anything with your student loans, you’re automatically signed up to a generic repayment plan that typically has even payments for 10 years. However, that can be tough, especially right after graduation. Maybe you’ve just started working , or maybe you don’t even have a job yet and you’re just side hustling […]
Calculating the math behind whether it makes sense to do married filing separately for IBR or PAYE for student loan debt.
I’m a firm believer that parents should NOT be taking out loans to pay for their children’s’ education. There are a lot of reasons why it’s a bad idea, and I cover most of them in my Forbes column. The fact is, though, if you’re reading this article, it’s too late. You’ve already borrowed and […]
It’s estimated that roughly 50% of student loan borrowers qualify for some type of student loan forgiveness program. But this statistic is misleading, because a lot of borrowers think this means qualifying for some type of student loan forgiveness program. That’s wrong. Actually, most borrowers qualify for student loan forgiveness through one of these “secret” […]
I recently wrote about managing your student loan repayment. Unfortunately, this process can be more complicated than it should be, and it becomes even more complicated when you are faced with multiple repayment strategies. In recent years, the U.S. government has unveiled new student loan repayment options aimed at easing the financial strain of individuals and […]