One advantage of having federal student loans is the wide array of relief programs available, like the Income-Based Repayment (IBR) Plan. It is a government program which grants borrowers a chance to lower their monthly payment based on an … [Read more...] about Income Based Repayment FAQs
Student Loan Repayment Plans
Congressman Ferguson wants major changes for student loan repayment programs. At present, borrowers are paying their student loans under the five current income-driven plans. This may go for to 20 to 25 years, depending on the repayment plan … [Read more...] about “Help Students Repay Act” To Implement Changes on Student Loan Repayment Programs
If you find yourself asking why do you have to pay back financial aid, then you have come to the right place. Financial aid has many forms. While you do not have to repay grants and scholarships, you do have to repay federal and private student … [Read more...] about Do You Have to Pay Back Financial Aid? 7 Reasons Why
Wage garnishment is a legal procedure to pay off debt by withholding a person’s salary. Both federal loans and private lending companies have the right to conduct wage garnishments. In fact, students aren’t the only ones that are affected, but … [Read more...] about What is Wage Garnishment for Student Loans and How Does It Affect Your Finances?
The right student loan repayment plan is essential for every borrower. Knowing the difference among these repayment plans is, therefore, the key to a debt-free life. Moreover, you need to be equipped with knowledge and tips. An … [Read more...] about Which Student Loan Repayment Plan Should I Choose: Finding The Best Repayment Option According to Your Budget
OK, so you’re at your first job, and it’s tax time! Did you remember you took out a student loan? Well, the interest on that loan is a tax deduction! In the article below, I'm going to get into the nitty-gritty of taxes. However, remember … [Read more...] about How to Get a Student Loan Tax Deduction