Although millions of FAFSA applications are filed every year, there are still a lot of FAFSA mistakes. Some of these mistakes are so careless, and they lead to a missed FAFSA deadline and ruin one’s chances of getting a good student loan deal. You won’t ever have to worry about this if you know the […]
Ahh… Delaying the inevitable through student loan deferment. Starting an article like this with a question like, “Why defer your student loans,” would be a stupid thing to do. You would rightfully reply, “Because I’m having financial difficulty, you idiot!” With this in mind, let’s cut to the chase. Let’s get into what student loan […]
Is student loan repayment tax deductible? Whether this is the first time you’ve asked that question or not, it is beneficial to know the details about such deductions. Borrowers can even get a special student loan tax credit if they fall within a certain income level. Eligible borrowers can get as much as a $2,500 […]
Employees can avail of income-driven student loan repayment plans for federal loans. They will only pay an amount based on their income and family size. These are great options for those with outrageously high-interest payments. Check out the different types of income-driven repayment plans. How To Select the Best Student Loan Repayment Plan The 8-plan […]
The Graduated Repayment plan is a repayment plan for student loan borrowers to repay loans made under the Federal Direct Loan Program and the Federal Family Education Loan Program. This plan is structured around providing borrowers with a low initial monthly payment at the beginning of the repayment period. After making the initial low payment […]
The Income-Sensitive Repayment Plan is a student loan repayment plan that is offered to student loan borrowers through the Department of Education. This plan is another income-driven repayment option available that is similar to the Income Contingent Repayment Plan. However, the Income-Sensitive Repayment Plan only assists borrowers in paying off student loans made under the […]
