Those who strive to get Public Service Loan Forgiveness (PSLF) or are on the Income-Driven Repayment plan (IDR) are on the pay less approach. Let's see which is right for you.
9 of the most common pitfalls that people commit in the Public Service Loan Forgiveness program, and you need to AVOID!
Here are a few items to consider when thinking about reducing your loan payment through an income-driven repayment plan or refinance. Which is the best option for you and what are the cons of each option?
Filing your income taxes married filing jointly or separately will affect your student loan payment, if you are on a income-driven plan. How do you know which option will cost you less money this year?
Top mistakes public servants make with their student loans when attempting to get loan forgiveness or file into the Public Service loan Forgiveness program.
Discretionary income is the formula used to determine how much your monthly student loan repayment will be.
What is extended repayment? How does it work and why does it cost more?
Understand how interest is calculated and how it can capitalize. There are different implications for your interest in an income-driven repayment plan.
Graduated plans are plans that start with lower monthly loan payments but increase in 2 year increments.
There are loan forgiveness opportunities available even if you are self-employed. Public Service Loan Forgiveness is also possible for volunteer work.
Income-Driven Repayment plans provide great benefits and allow for more financial flexibility, but do you know which plan is the best option for you?
Don't waste your time on generic online advice when handling your student loans.